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- 6/6/2025 -
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Freeport-McMoran Cp & Gld (FCX) Technical Analysis

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger Band
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It was a first positive week for the Freeport-McMoran Cp & Gld (FCX). During the week, the FCX gained 3.00 points, or 7.80%, and closed at 41.48 on Friday, June 6, 2025. It was the best weekly gain since April 25, 2025. FCX was trading at average weekly trading volume.

Long-term trend: [See FCX long-term trend chart]
A long-term downtrend had started on May 20, 2024 at 55.24 and reached 27.66 on April 7, 2025. FCX lost 27.58 points, or 49.93%, in 46 weeks. The price is now at the 50.11% retracement level.

Medium-term trend: [See FCX medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 27.66 and reached 42.61 on June 5, 2025. FCX gained -14.95 points, or -54.05%, in 8 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (45.54) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See FCX weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 2, 2025. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See FCX short-term trend chart]
A short-term uptrend had started on May 16, 2025 at 36.99 and reached 42.61 on June 5, 2025. FCX gained -5.62 points, or -15.19%, in 20 days. The price is now at the 20.11% retracement level.

Daily Technical Indicators: [See FCX daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.93
Williams' Percentage Range (W%R) 10.70
Overbought
Lane's Stochastic (%D-Slow) 86.09
Overbought
Greed/Fear Indicator (GFI) 81.78
Overbought
Moving Average Converg./Diverg. (MACD) 0.84
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.95
Williams' Percentage Range (W%R) 9.10
Strong Overbought
Lane's Stochastic (%D-Slow) 73.93
Greed/Fear Indicator (GFI) 72.99
Moving Average Converg./Diverg. (MACD) -1.64
Trading Signals
Description Value Chart
Weekly Trendline Support 45.54
Weekly Trendline Resistance 45.40
Daily Stochastic Crossing 41.90
Price 41.48
Upper Bollinger Band 41.45
Weekly Stochastic Crossing 39.75
20 Day Moving Average 39.22
Parabolic System 38.73
Lower Bollinger Band 36.95
50 Day Moving Average 36.85
Sector and Industry
Description Name Rank
Sector Materials 7
Industry Copper 110
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 36.99
Low Date 05/16/2025
High 42.61
High Date 06/05/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 45.40
Support 45.54
Low 27.66
Low Date 04/07/2025
High 42.61
High Date 06/05/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 52.61
High Date 09/26/2024
Low 27.66
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 55.24
High Date 05/20/2024
Low 27.66
Low Date 04/07/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 3.52
Low Date 01/20/2016
High 55.24
High Date 05/20/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.