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Copper Industry Stocks Technical Analysis - FCXArchive
- 10/3/2025 -
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Freeport-McMoran Cp & Gld (FCX) Technical Analysis
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| Summary:
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| | It was a first positive week for the Freeport-McMoran Cp & Gld (FCX). During the week, the FCX gained 3.92 points, or 10.97%, and closed at 39.67 on Friday, October 3, 2025. It was the best weekly gain since April 25, 2025. Weekly volume was 99% above average.
FCX is a member of Materials Sector. Materials is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See FCX long-term trend chart]
A long-term downtrend had started on May 20, 2024 at 55.24 and reached 27.66 on April 7, 2025. FCX lost 27.58 points, or 49.93%, in 46 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 19.23 and resistance is at 45.07. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See FCX medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 27.66 and reached 49.12 on July 8, 2025. FCX gained -21.46 points, or -77.58%, in 13 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (44.63) is broken. A broken support is considered to be a long-term bearish signal. 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 medium-term trend.
 Weekly Technical Indicators: [See FCX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since September 19, 2025. The distance between MACD and the signal line is low, but getting bigger. 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 September 5, 2025 at 47.02 and reached 35.15 on September 25, 2025. FCX lost 11.87 points, or 25.24%, in 20 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See FCX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since September 15, 2025. This is an indication that the short-term trend is down.
The distance between the Bollinger Bands is 115.09% higher then one year average. It indicates the period of high volatility of the stock price. 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 20 Day Moving Average 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.
 Candlestick pattern: [See FCX candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.
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