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Archive
- 4/4/2025 -
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Freeport-McMoran Cp & Gld (FCX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Freeport-McMoran Cp & Gld (FCX). During the week, the FCX dropped -9.27 points, or -24.13%, and closed at 29.15 on Friday, April 4, 2025. Weekly volume was 83% above average.
 Long-term trend: [See FCX long-term trend chart]
A long-term uptrend had started on July 14, 2022 at 24.80 and reached 55.24 on May 20, 2024. FCX gained -30.44 points, or -122.74%, in 96 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (41.57) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. FCX may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See FCX medium-term trend chart]
A medium-term downtrend had started on September 26, 2024 at 52.61 and reached 28.49 on April 4, 2025. FCX lost 24.12 points, or 45.85%, in 27 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See FCX weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since March 14, 2025. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
Short-term trend: [See FCX short-term trend chart]
A short-term downtrend had started on March 26, 2025 at 43.45 and reached 28.49 on April 4, 2025. FCX lost 14.96 points, or 34.43%, in 9 days. Price is near the trend low.
 Daily Technical Indicators: [See FCX daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands (42.81%) is close to one year high (31.02%). It is 178.89% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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