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Archive
- 6/5/2026 -
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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 -2.34 points, or -3.56%, and closed at 63.37 on Friday, June 5, 2026. Weekly volume was -15% below average.
 Long-term trend: [See FCX long-term trend chart]
A long-term uptrend had started on April 7, 2025 at 27.66 and reached 72.09 on June 2, 2026. FCX gained -44.43 points, or -160.63%, in 60 weeks. The price is now at the 19.63% retracement level.
 Medium-term trend: [See FCX medium-term trend chart]
A medium-term uptrend had started on March 19, 2026 at 50.79 and reached 72.09 on June 2, 2026. FCX gained -21.30 points, or -41.94%, in 10 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 59.99 and resistance is at 66.86. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern 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 April 24, 2026. 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 uptrend had started on May 4, 2026 at 55.49 and reached 72.09 on June 2, 2026. FCX gained -16.60 points, or -29.92%, in 29 days. The chart has formed a Rising Channel chart pattern.
Daily Technical Indicators: [See FCX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 22, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
Price is close to the 50 Day Moving Average. 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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