FREEPORT-MCMORAN INC (FCX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FCX - US35671D8570 - Common Stock
We assign a technical rating of 2 out of 10 to FCX. FCX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
FCX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 41.20, a Stop Loss order could be placed below this zone.
More info and screens
37.25
3 important support areas can be observed.
- A support zone ranging from 40.45 to 41.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 39.69 to 39.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 37.63 to 38.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @42.19 from a horizontal line in the daily time frame.
- Resistance @44.95 from a trend line in the weekly time frame.
- A resistance zone ranging from 45.80 to 46.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @47.22 from a horizontal line 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 | UP | POSITIVE | The short term trend for FCX is up. |
| ChartMill Relative Strength | 32.51 | NEUTRAL | FCX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FCX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of FCX is above 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) | 56.02 | NEUTRAL | The RSI value for FCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests FCX has a positive trend. |
| Stochastics (14,3) | 73.13 | NEUTRAL | The Stochastics value for FCX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.72 | MEDIUM VOLATILITY | The ATR as a percentage value for FCX suggests some volalility. |
| Average Directional Index/ADX (14) | 9.82 | NEGATIVE | The low ADX value for FCX suggests a weak or negative trend. |
42.15
+1.08 (+2.63%)
FREEPORT-MCMORAN INC / FCX FAQ
Can you provide the ChartMill technical rating for FREEPORT-MCMORAN INC?
ChartMill assigns a technical rating of 2 / 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 56.0171. 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 41.2 and a resistance level at 42.19. Check the full technical report for our detailed analysis of FCX support and resistance levels.