FREEPORT-MCMORAN INC (FCX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FCX - US35671D8570 - Common Stock
Overall FCX gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FCX is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, FCX did better than 91% of all other stocks.
- FCX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month FCX has a been trading in the 47.32 - 60.71 range, which is quite wide. It is currently trading near the high of this range.
- FCX has an average volume of 16492200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- FCX is part of the Metals & Mining industry. There are 157 other stocks in this industry, FCX did better than 41% of them.
Although FCX has an excellent technical rating, the quality of the presented setup is not ideal 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
39.57
When analyzing the support we can see 4 important areas.
- Support @55.11 from a trend line in the daily time frame.
- Support @50.78 from a horizontal line in the daily time frame.
- Support @43.06 from a trend line in the daily time frame.
- Support @39.97 from a trend line in the weekly time frame.
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 | 91.37 | POSITIVE | FCX has a high relative strength, it outperformed 91.37% off all stocks 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) | 70.62 | OVERBOUGHT | The high RSI value suggests FCX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests FCX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.68 | OVERBOUGHT | The high Stochastics value suggests FCX may be overbought. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for FCX suggests some volalility. |
| Average Directional Index/ADX (14) | 40.98 | POSITIVE | The high ADX value value for FCX suggests a strong trend. |
58.71
-1.25 (-2.08%)
FREEPORT-MCMORAN INC / FCX FAQ
Can you provide the ChartMill technical rating for FREEPORT-MCMORAN INC?
ChartMill assigns a technical rating of 10 / 10 to FCX.
What is the current trend direction of FREEPORT-MCMORAN INC (FCX) stock?
The current trend direction for FREEPORT-MCMORAN INC (FCX) is Bullish.
What is the RSI signal for FCX stock?
FREEPORT-MCMORAN INC (FCX) has an RSI value of 70.6218. This indicates that the stock is currently overbought.
What is the MACD signal for FREEPORT-MCMORAN INC (FCX) stock?
The MACD indicator for FREEPORT-MCMORAN INC (FCX) has a value of 0.32747, indicating a bearish trend.
Can you provide the short term momentum for FREEPORT-MCMORAN INC?
The short term momentum for FREEPORT-MCMORAN INC (FCX) is positive.