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. - Daily - Technical analysis published on 06/20/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

39%

28%

33%

My opinion

Bearish under 50.67 USD

My targets

47.99 USD (-2.87%)

44.49 USD (-9.96%)

My analysis

The current short-term bearish acceleration registered on FREEPORT-MCMORAN INC. should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 50.67 USD. Short-term sellers will use the support located at 47.99 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 44.49 USD. Crossing this support would then open the door for sellers to target 40.17 USD. Caution, if there is a return to below 50.67 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

1.1

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.

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 49.41 USD. On the day, this instrument gained +3.61% with the lowest point at 48.22 USD and the highest point at 49.54 USD. The deviation from the price is +2.47% for the low point and -0.26% for the high point.

48.22

49.54

49.41

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

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 Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of FREEPORT-MCMORAN INC. in Daily shows a neutral overall trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

On the 18 technical indicators analysed, 7 are bullish, 6 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	40.17	44.49	47.99	49.41	50.67	54.86
Change (%)	-18.70%	-9.96%	-2.87%	-	+2.55%	+11.03%
Change	-9.24	-4.92	-1.42	-	+1.26	+5.45
Level	Minor	Major	Major	-	Major	Major

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	46.03	46.46	47.07	47.50	48.11	48.54	49.15
Camarilla	47.40	47.50	47.60	47.69	47.79	47.88	47.98
Woodie	46.13	46.51	47.17	47.55	48.21	48.59	49.25
Fibonacci	46.46	46.85	47.10	47.50	47.89	48.14	48.54

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42.68	45.03	46.57	48.92	50.46	52.81	54.35
Camarilla	47.04	47.40	47.75	48.11	48.47	48.82	49.18
Woodie	42.28	44.83	46.17	48.72	50.06	52.61	53.95
Fibonacci	45.03	46.52	47.43	48.92	50.41	51.32	52.81

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	41.87	45.04	48.89	52.06	55.91	59.08	62.93
Camarilla	50.80	51.44	52.09	52.73	53.37	54.02	54.66
Woodie	42.20	45.21	49.22	52.23	56.24	59.25	63.26
Fibonacci	45.04	47.73	49.38	52.06	54.75	56.40	59.08

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):	47.16
MACD (12,26,9):	-0.8000
Directional Movement:	-0.21
AROON (14):	-78.57
DEMA (21):	49.01
Parabolic SAR (0,02-0,02-0,2):	50.12
Elder Ray (13):	-0.44
Super Trend (3,10):	52.30
Zig ZAG (10):	49.33
VORTEX (21):	0.7400
Stochastique (14,3,5):	22.74
TEMA (21):	47.79
Williams %R (14):	-59.08
Chande Momentum Oscillator (20):	-2.72
Repulse (5,40,3):	2.7800
ROCnROLL:	1
TRIX (15,9):	-0.1300
Courbe Coppock:	14.18

MA7:	48.42
MA20:	50.36
MA50:	50.67
MA100:	46.16
MAexp7:	48.67
MAexp20:	49.83
MAexp50:	49.51
MAexp100:	47.22
Price / MA7:	+2.04%
Price / MA20:	-1.89%
Price / MA50:	-2.49%
Price / MA100:	+7.04%
Price / MAexp7:	+1.52%
Price / MAexp20:	-0.84%
Price / MAexp50:	-0.20%
Price / MAexp100:	+4.64%

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.

About author

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