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 05/28/2024 (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 53.13 USD

My targets

54.08 USD (+0.95%)

54.86 USD (+2.41%)

My analysis

FREEPORT-MCMORAN INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 53.13 USD. The next resistance located at 54.08 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 54.86 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

7.1

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.

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Additional analysis

Quotes

FREEPORT-MCMORAN INC. rating 53.57 USD. The price has increased by +3.96% since the last closing and was traded between 52.28 USD and 53.60 USD over the period. The price is currently at +2.47% from its lowest and -0.06% from its highest.

52.28

53.60

53.57

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of FREEPORT-MCMORAN INC. in 1H shows an overall bullish trend. 78.57% 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. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

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 3

Type : Neutral

Timeframe : 1 hour

MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	51.46	52.41	53.13	53.57	54.08	54.86
Change (%)	-3.94%	-2.17%	-0.82%	-	+0.95%	+2.41%
Change	-2.11	-1.16	-0.44	-	+0.51	+1.29
Level	Major	Major	Intermediate	-	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	50.38	50.83	51.18	51.63	51.98	52.43	52.78
Camarilla	51.31	51.38	51.46	51.53	51.60	51.68	51.75
Woodie	50.33	50.81	51.13	51.61	51.93	52.41	52.73
Fibonacci	50.83	51.14	51.32	51.63	51.94	52.12	52.43

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	45.03	47.82	49.67	52.46	54.31	57.10	58.95
Camarilla	50.25	50.68	51.11	51.53	51.96	52.38	52.81
Woodie	44.57	47.59	49.21	52.23	53.85	56.87	58.49
Fibonacci	47.82	49.59	50.68	52.46	54.23	55.32	57.10

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	41.77	44.43	47.19	49.85	52.61	55.27	58.03
Camarilla	48.45	48.95	49.44	49.94	50.44	50.93	51.43
Woodie	41.81	44.46	47.23	49.88	52.65	55.30	58.07
Fibonacci	44.43	46.50	47.78	49.85	51.92	53.20	55.27

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):	65.04
MACD (12,26,9):	0.0000
Directional Movement:	14.41
AROON (14):	78.57
DEMA (21):	51.95
Parabolic SAR (0,02-0,02-0,2):	51.55
Elder Ray (13):	1.18
Super Trend (3,10):	51.37
Zig ZAG (10):	53.46
VORTEX (21):	1.1100
Stochastique (14,3,5):	86.15
TEMA (21):	52.25
Williams %R (14):	-2.20
Chande Momentum Oscillator (20):	2.29
Repulse (5,40,3):	1.5800
ROCnROLL:	1
TRIX (15,9):	-0.1000
Courbe Coppock:	3.71

MA7:	52.98
MA20:	51.81
MA50:	49.74
MA100:	44.54
MAexp7:	52.46
MAexp20:	52.11
MAexp50:	52.33
MAexp100:	52.11
Price / MA7:	+1.11%
Price / MA20:	+3.40%
Price / MA50:	+7.70%
Price / MA100:	+20.27%
Price / MAexp7:	+2.12%
Price / MAexp20:	+2.80%
Price / MAexp50:	+2.37%
Price / MAexp100:	+2.80%

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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