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. Although FCX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
FCX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FCX is lagging the market slightly.
FCX has an average volume of 12908800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that FCX is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this relatively good performance is mostly due to a recent big move.
FCX is part of the Metals & Mining industry. There are 155 other stocks in this industry, FCX did better than 46% of them.
In the last month FCX has a been trading in the 39.85 - 49.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although FCX has an excellent technical rating, it does not present a decent entry opportunity 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
39.81
46.83
When analyzing the support we can see 2 important areas.
- A support zone ranging from 43.20 to 43.46. 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 40.21 to 41.21. 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.
- Resistance @46.37 from a horizontal 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 | 70.03 | POSITIVE | FCX has a high relative strength, it outperformed 70.03% 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) | 64.33 | NEUTRAL | The RSI value for FCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests FCX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.51 | NEUTRAL | The Stochastics value for FCX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.23 | MEDIUM VOLATILITY | The ATR as a percentage value for FCX suggests some volalility. |
| Average Directional Index/ADX (14) | 31.19 | POSITIVE | The high ADX value value for FCX suggests a strong 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)
46.36
-0.85 (-1.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.8%
1 Week1.22%
2 Weeks4.27%
1 Month13.05%
3 Month39.01%
6 Month18.93%
12 Month-9.59%
2 Year3.83%
3 Year46.94%
5 Year258.82%
10 Year294.55%
15 Year29.61%
Volatility
ATR(14)1.7
ATR(20)%3.23%
ATR Inc10.98%
Range Today0.75
ADR(20)1.25
ADR(20)%2.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.03
Mansfield0.42
10 Day High49.12
10 Day Low43.1
20 Day High49.12
20 Day Low39.85
52 Week High52.61
52 Week Low27.66
CS1 End43.46
CR1 Start46.37
Volume & EV
DER(3)0.72%
DER(5)0.3%
Volume17.12M
Volume Incr114.86%
Vol(5)24.97M
Vol(50)12.91M