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 02/21/2024 (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

72%

11%

17%

My opinion

Bullish above 37.97 USD

My targets

40.14 USD (+3.19%)

41.00 USD (+5.40%)

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 37.97 USD. The buyers' bullish objective is set at 40.14 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 41.00 USD. If there is any crossing, the next objective would be the resistance located at 42.06 USD.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.3

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 38.90 USD. The price has increased by +1.99% since the last closing and was between 38.40 USD and 39.01 USD. This implies that the price is at +1.30% from its lowest and at -0.28% from its highest.

38.40

39.01

38.90

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.:

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 market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	37.48	37.97	38.79	38.90	40.14	41.00	42.06
Change (%)	-3.65%	-2.39%	-0.28%	-	+3.19%	+5.40%	+8.12%
Change	-1.42	-0.93	-0.11	-	+1.24	+2.10	+3.16
Level	Major	Intermediate	Minor	-	Major	Intermediate	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.41	37.71	37.92	38.22	38.43	38.73	38.94
Camarilla	38.00	38.05	38.09	38.14	38.19	38.23	38.28
Woodie	37.38	37.69	37.89	38.20	38.40	38.71	38.91
Fibonacci	37.71	37.90	38.02	38.22	38.41	38.53	38.73

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.32	34.79	36.81	38.28	40.30	41.77	43.79
Camarilla	37.87	38.19	38.51	38.83	39.15	39.47	39.79
Woodie	33.60	34.93	37.09	38.42	40.58	41.91	44.07
Fibonacci	34.79	36.12	36.95	38.28	39.61	40.44	41.77

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.30	34.88	37.29	39.87	42.28	44.86	47.27
Camarilla	38.32	38.78	39.23	39.69	40.15	40.61	41.06
Woodie	32.21	34.84	37.20	39.83	42.19	44.82	47.18
Fibonacci	34.88	36.79	37.97	39.87	41.78	42.96	44.86

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):	62.90
MACD (12,26,9):	0.2300
Directional Movement:	16.80
AROON (14):	-42.86
DEMA (21):	38.83
Parabolic SAR (0,02-0,02-0,2):	38.00
Elder Ray (13):	0.29
Super Trend (3,10):	38.08
Zig ZAG (10):	38.95
VORTEX (21):	1.0000
Stochastique (14,3,5):	84.12
TEMA (21):	38.93
Williams %R (14):	-2.97
Chande Momentum Oscillator (20):	0.67
Repulse (5,40,3):	0.7600
ROCnROLL:	1
TRIX (15,9):	0.0900
Courbe Coppock:	0.55

MA7:	37.96
MA20:	38.91
MA50:	39.94
MA100:	37.78
MAexp7:	38.77
MAexp20:	38.53
MAexp50:	38.31
MAexp100:	38.52
Price / MA7:	+2.48%
Price / MA20:	-0.03%
Price / MA50:	-2.60%
Price / MA100:	+2.96%
Price / MAexp7:	+0.34%
Price / MAexp20:	+0.96%
Price / MAexp50:	+1.54%
Price / MAexp100:	+0.99%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on FREEPORT-MCMORAN INC. at the time of the generation of this analysis was as follows:

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

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