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Downtrend ResistanceArchive
- 9/5/2025 -
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Freeport-McMoran Cp & Gld (FCX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a fifth consecutive positive week for the Freeport-McMoran Cp & Gld (FCX). During the week, the FCX gained 1.94 points, or 4.37%, and closed at 46.34 on Friday, September 5, 2025. It was the best weekly gain since June 27, 2025. Weekly volume was -27% below average.
 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 price is near the trend resistance line (45.67). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line 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 price is now at the 12.95% retracement level.
 Weekly Technical Indicators: [See FCX weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 May 2, 2025. This is an indication that the medium-term trend is up. 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 July 8, 2025 at 49.12 and reached 38.34 on July 30, 2025. FCX lost 10.78 points, or 21.95%, in 22 days. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (26.76) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. FCX may retest the broken resistance line. It is considered to be a support 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 resistance line in a short-term trend.
 Daily Technical Indicators: [See FCX daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since August 12, 2025.
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