FREEPORT-MCMORAN INC (FCX) Stock Technical Analysis
USA - NYSE:FCX - US35671D8570 - Common Stock
41.37 USD
+0.14 (+0.34%)
41.4 USD
+0.03 (+0.07%)
Taking everything into account, FCX scores 1 out of 10 in our technical rating. FCX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, FCX is a bad performer in the overall market: 81% of all stocks are doing better.
FCX is one of the lesser performing stocks in the Metals & Mining industry. 86% of 154 stocks in the same industry do better.
FCX has an average volume of 18896000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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.
In the last month FCX has a been trading in the 36.05 - 44.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FCX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
34.98
47.69
When analyzing the support we can see 2 important areas.
- A support zone ranging from 36.43 to 36.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 35.33 to 35.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 41.62 to 41.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 45.53 to 46.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 47.21 to 47.22. This zone is formed by a combination of multiple trend lines in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for FCX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FCX is down. |
| ChartMill Relative Strength | 19.26 | NEGATIVE | FCX has a low relative strength, it was outperformed by 80.74% 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) | DOWN | NEGATIVE | The current price of FCX is below a declining 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) | 49 | NEUTRAL | The RSI value for FCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests FCX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 30.16 | NEUTRAL | The Stochastics value for FCX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.08 | MEDIUM VOLATILITY | The ATR as a percentage value for FCX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.94 | 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)
41.37
+0.14 (+0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.34%
1 Week0.46%
2 Weeks1.2%
1 Month15.72%
3 Month-7.84%
6 Month10.76%
12 Month-11.22%
2 Year22.47%
3 Year30.55%
5 Year138.58%
10 Year251.49%
15 Year-12.72%
Volatility
ATR(14)1.69
ATR(20)%4.08%
ATR Inc-23.51%
Range Today1.17
ADR(20)1.46
ADR(20)%3.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.26
3 months CRS18.74
6 months CRS49.77
Mansfield-0.86
10 Day High43.5
10 Day Low40.12
20 Day High44.79
20 Day Low36.05
52 Week High49.21
52 Week Low27.66
CS1 End36.81
CR1 Start41.62
Volume & EV
DER(3)0.32%
DER(5)0.94%
Volume10.61M
Volume Incr-54.75%
Vol(5)13.32M
Vol(50)18.90M
FREEPORT-MCMORAN INC / FCX FAQ
Can you provide the ChartMill technical rating for FREEPORT-MCMORAN INC?
ChartMill assigns a technical rating of 1 / 10 to FCX.
What is the trend direction for FCX stock?
The current trend direction for FREEPORT-MCMORAN INC (FCX) is Bearish.
What is the RSI signal for FREEPORT-MCMORAN INC (FCX) stock?
FREEPORT-MCMORAN INC (FCX) has an RSI value of 48.9968. This indicates that the stock is currently neutral.
What is the support and resistance level for FCX stock?
FREEPORT-MCMORAN INC (FCX) has a support level at 36.81 and a resistance level at 41.62. Check the full technical report for our detailed analysis of FCX support and resistance levels.