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Uptrend Broken SupportArchive
- 6/20/2025 -
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Freeport-McMoran Cp & Gld (FCX) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Freeport-McMoran Cp & Gld (FCX). During the week, the FCX dropped -0.72 points, or -1.76%, and closed at 40.22 on Friday, June 20, 2025. It was the worst weekly loss since April 4, 2025. Weekly volume was -22% below average.
 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 chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 24.19 and resistance is at 47.23. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See FCX medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 27.66 and reached 42.90 on June 9, 2025. FCX gained -15.24 points, or -55.10%, in 9 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (44.65) 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 and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and 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 downtrend had started on June 9, 2025 at 42.90 and reached 40.09 on June 13, 2025. FCX lost 2.81 points, or 6.55%, in 4 days. Price is near the trend low.
 Daily Technical Indicators: [See FCX daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
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