FREEPORT-MCMORAN INC (FCX) Stock Technical Analysis
NYSE:FCX - New York Stock Exchange, Inc. - US35671D8570 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to FCX. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FCX is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month FCX has a been trading in the 39.51 - 44.90 range, which is quite wide. It is currently trading near the high of this range.
FCX has an average volume of 12184400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, FCX turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
FCX is an average performer in the Metals & Mining industry, it outperforms 44% of 154 stocks in the same industry.
FCX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FCX is lagging the market.
FCX has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
39.60
44.91
2 important support areas can be observed.
- A support zone ranging from 41.50 to 42.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 40.00 to 40.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 43.88 to 44.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FCX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FCX is up. |
| ChartMill Relative Strength | 69.25 | NEUTRAL | FCX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FCX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FCX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FCX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.54 | NEUTRAL | The RSI value for FCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests FCX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.06 | OVERBOUGHT | The high Stochastics value suggests FCX may be overbought. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for FCX suggests some volalility. |
| Average Directional Index/ADX (14) | 19.83 | NEGATIVE | The low ADX value for FCX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
43.35
-0.52 (-1.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.19%
1 Week5.89%
2 Weeks5.89%
1 Month12.66%
3 Month48.71%
6 Month14.96%
12 Month-15.86%
2 Year8.38%
3 Year48.15%
5 Year274.68%
10 Year132.81%
15 Year46.63%
Volatility
ATR(14)1.2
ATR(20)%2.87%
ATR Inc-29.88%
Range Today0.84
ADR(20)0.97
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.25
Mansfield-0.21
10 Day High44.9
10 Day Low39.85
20 Day High44.9
20 Day Low39.51
52 Week High52.61
52 Week Low27.66
CS1 End41.85
CR1 StartN/A
Volume & EV
DER(3)1.28%
DER(5)1.64%
Volume10.26M
Volume Incr9.22%
Vol(5)12.47M
Vol(50)12.18M