FREEPORT-MCMORAN INC (FCX) Stock Technical Analysis
NYSE:FCX - US35671D8570 - Common Stock
43.28 USD
+1.56 (+3.74%)
43.31 USD
+0.03 (+0.07%)
We assign a technical rating of 4 out of 10 to FCX. In the last year, FCX was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
FCX is one of the lesser performing stocks in the Metals & Mining industry. 74% of 156 stocks in the same industry do better.
FCX has an average volume of 14916600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, FCX outperforms 46% of them, which is more or less in line with the market.
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 38.34 - 44.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
FCX has an average technical rating and it also does not offer a high quality setup 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
38.74
46.83
When analyzing the support we can see 2 important areas.
- A support zone ranging from 41.29 to 42.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 39.13 to 40.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @45.57 from a trend line in the weekly time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for FCX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FCX is neutral. |
| ChartMill Relative Strength | 46.29 | 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) | UP | POSITIVE | The current price of FCX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FCX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.03 | NEUTRAL | The RSI value for FCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests FCX has a positive trend. |
| Stochastics (14,3) | 70.04 | NEUTRAL | The Stochastics value for FCX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for FCX suggests some volalility. |
| Average Directional Index/ADX (14) | 16.44 | 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)
43.28
+1.56 (+3.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.74%
1 Week2.17%
2 Weeks3.37%
1 Month-3.59%
3 Month10.92%
6 Month17.04%
12 Month-3.09%
2 Year8.44%
3 Year46.22%
5 Year177.26%
10 Year306.77%
15 Year20.24%
Volatility
ATR(14)1.03
ATR(20)%3.16%
ATR Inc27.41%
Range Today1.64
ADR(20)1.29
ADR(20)%2.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.29
Mansfield-0.41
10 Day High43.43
10 Day Low40.96
20 Day High44.83
20 Day Low38.34
52 Week High52.61
52 Week Low27.66
CS1 End42.13
CR1 Start45.57
Volume & EV
DER(3)2.2%
DER(5)1.2%
Volume10.82M
Volume Incr-54.86%
Vol(5)7.70M
Vol(50)14.92M