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Downtrend ResistanceArchive
- 7/3/2025 -
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Freeport-McMoran Cp & Gld (FCX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Freeport-McMoran Cp & Gld (FCX). During the week, the FCX gained 1.93 points, or 4.40%, and closed at 45.80 on Thursday, July 3, 2025. FCX was trading at average weekly trading volume.
FCX is a member of Materials Sector. Materials is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 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 price is near the trend resistance line (46.97). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line 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 46.69 on July 2, 2025. FCX gained -19.03 points, or -68.80%, in 12 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See FCX weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly 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 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. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 June 23, 2025 at 39.85 and reached 46.69 on July 2, 2025. FCX gained -6.84 points, or -17.16%, in 9 days. The price is now at the 13.01% 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. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since June 25, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
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.
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