FREEPORT-MCMORAN INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	FCX
ISIN:

FREEPORT-MCMORAN INC. - 1H - Technical analysis published on 03/06/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

17%

My opinion

Bullish above 38.25 USD

My targets

39.15 USD (+1.48%)

40.14 USD (+4.04%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on FREEPORT-MCMORAN INC. as long as the price remains well above 38.25 USD. The buyers' bullish objective is set at 39.15 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 40.14 USD. If there is any crossing, the next objective would be the resistance located at 40.81 USD.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The FREEPORT-MCMORAN INC. rating is 38.58 USD. On the day, this instrument gained +3.93% with the lowest point at 37.92 USD and the highest point at 38.66 USD. The deviation from the price is +1.74% for the low point and -0.21% for the high point.

37.92

38.66

38.58

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by FREEPORT-MCMORAN INC.:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this FREEPORT-MCMORAN INC. chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	36.66	37.29	38.25	38.58	39.15	40.14	40.81
Change (%)	-4.98%	-3.34%	-0.86%	-	+1.48%	+4.04%	+5.78%
Change	-1.92	-1.29	-0.33	-	+0.57	+1.56	+2.23
Level	Intermediate	Intermediate	Intermediate	-	Minor	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34.97	35.86	36.49	37.38	38.01	38.90	39.53
Camarilla	36.70	36.84	36.98	37.12	37.26	37.40	37.54
Woodie	34.84	35.80	36.36	37.32	37.88	38.84	39.40
Fibonacci	35.86	36.44	36.80	37.38	37.96	38.32	38.90

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.78	36.54	37.23	37.99	38.68	39.44	40.13
Camarilla	37.53	37.66	37.80	37.93	38.06	38.20	38.33
Woodie	35.76	36.52	37.21	37.97	38.66	39.42	40.11
Fibonacci	36.54	37.09	37.43	37.99	38.54	38.88	39.44

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.96	34.11	35.96	38.11	39.96	42.11	43.96
Camarilla	36.71	37.08	37.44	37.81	38.18	38.54	38.91
Woodie	31.81	34.04	35.81	38.04	39.81	42.04	43.81
Fibonacci	34.11	35.64	36.58	38.11	39.64	40.58	42.11

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	58.55
MACD (12,26,9):	0.0300
Directional Movement:	6.82
AROON (14):	21.43
DEMA (21):	37.98
Parabolic SAR (0,02-0,02-0,2):	36.86
Elder Ray (13):	0.43
Super Trend (3,10):	37.22
Zig ZAG (10):	38.52
VORTEX (21):	0.9300
Stochastique (14,3,5):	90.92
TEMA (21):	38.07
Williams %R (14):	-7.33
Chande Momentum Oscillator (20):	0.11
Repulse (5,40,3):	0.6200
ROCnROLL:	1
TRIX (15,9):	-0.0200
Courbe Coppock:	0.55

MA7:	37.90
MA20:	38.06
MA50:	39.51
MA100:	37.92
MAexp7:	38.11
MAexp20:	37.96
MAexp50:	38.02
MAexp100:	38.14
Price / MA7:	+1.79%
Price / MA20:	+1.37%
Price / MA50:	-2.35%
Price / MA100:	+1.74%
Price / MAexp7:	+1.23%
Price / MAexp20:	+1.63%
Price / MAexp50:	+1.47%
Price / MAexp100:	+1.15%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on FREEPORT-MCMORAN INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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