FREEPORT-MCMORAN INC (FCX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FCX - US35671D8570 - Common Stock
We assign a technical rating of 10 out of 10 to FCX. 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.
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.
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38.08
When analyzing the support we can see 2 important areas.
- Support @41.28 from a trend line in the daily time frame.
- A support zone ranging from 38.46 to 38.92. 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 | 82.14 | POSITIVE | FCX has a high relative strength, it outperformed 82.14% 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) | 74.86 | OVERBOUGHT | The high RSI value suggests FCX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests FCX has a positive trend. |
| Stochastics (14,3) | 86.54 | OVERBOUGHT | The high Stochastics value suggests FCX may be overbought. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for FCX suggests some volalility. |
| Average Directional Index/ADX (14) | 22.84 | NEUTRAL | The ADX value for FCX suggests a possible start of a new trend. |
49.15
+1.23 (+2.57%)
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 trend direction for FCX stock?
The current trend direction for FREEPORT-MCMORAN INC (FCX) is Bullish.
What is the RSI signal for FREEPORT-MCMORAN INC (FCX) stock?
FREEPORT-MCMORAN INC (FCX) has an RSI value of 74.8641. This indicates that the stock is currently overbought.
What is the buy/sell signal for FCX stock?
The buy/sell signal for FREEPORT-MCMORAN INC (FCX) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for FREEPORT-MCMORAN INC (FCX) stock?
FREEPORT-MCMORAN INC (FCX) has a support level at 41.28. Check the full technical report for our detailed analysis of FCX support and resistance levels.