FREEPORT-MCMORAN INC (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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, FCX did better than 88% of all other stocks.
FCX is part of the Metals & Mining industry. There are 155 other stocks in this industry. FCX outperforms 83% of them.
FCX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FCX is performing more or less in line with the market.
FCX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
FCX has an average volume of 14568200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FCX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
35.89
51.82
When analyzing the support we can see 6 important areas.
- A support zone ranging from 49.31 to 49.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @47.98 from a horizontal line in the daily time frame.
- Support @40.07 from a trend line in the weekly time frame.
- Support @39.33 from a trend line in the daily time frame.
- A support zone ranging from 36.86 to 37.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.25 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @51.31 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.67
Mansfield1.35
10 Day High52.42
10 Day Low47.1
20 Day High52.42
20 Day Low45.96
52 Week High52.42
52 Week Low32.83
Performance
1 Week-1.52%
2 Weeks-2.64%
1 Month7.67%
3 Month24.78%
6 Month46.72%
12 Month30.31%
2 Year21.82%
3 Year31%
5 Year301.3%
10 Year43.73%
15 Year131.65%
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)
Technical Indicators
MACD(12,26,9)-0.48
RSI(14)59.21
LBB47.91
UBB51.52
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 51.32 | 49.30 | 2.02 (3.94%) | 25.00% |
| An entry @51.32. This is a Buy Stop order right above the resistance zone. | An exit @49.30. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.02 points, which is 3.94%. | For a 0.98% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FCX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
FREEPORT-MCMORAN INC
NYSE:FCX (4/25/2024, 7:04:00 PM)
Premarket: 49.9 +0.5 (+1.01%)49.4
+1.16 (+2.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.4%
1 Week-1.52%
2 Weeks-2.64%
1 Month7.67%
3 Month24.78%
6 Month46.72%
12 Month30.31%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.71
ATR(20)%3.16%
ATR Inc
Range Today1.67
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High52.42
10 Day Low47.1
20 Day High52.42
20 Day Low45.96
52 Week High52.42
52 Week Low32.83
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume15.97M
Volume Incr6.2%
Vol(5)16.89M
Vol(50)14.57M