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 12/31/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 39.49 USD

My targets

35.07 USD (-8.07%)

29.54 USD (-22.57%)

My analysis

The bearish trend is currently very strong for FREEPORT-MCMORAN INC.. As long as the price remains below the resistance at 39.49 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 35.07 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 29.54 USD as an objective. Crossing it would then enable sellers to target 24.53 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.9

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 38.15 USD. The price registered a decrease of -0.03% on the session with the lowest point at 38.01 USD and the highest point at 38.47 USD. The deviation from the price is +0.37% for the low point and -0.83% for the high point.

38.01

38.47

38.15

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

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this FREEPORT-MCMORAN INC. chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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

Near support of channel

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	24.53	29.54	35.07	38.15	39.49	44.40	46.25
Change (%)	-35.70%	-22.57%	-8.07%	-	+3.51%	+16.38%	+21.23%
Change	-13.62	-8.61	-3.08	-	+1.34	+6.25	+8.10
Level	Major	Minor	Major	-	Major	Major	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	37.03	37.39	37.77	38.13	38.51	38.87	39.25
Camarilla	37.96	38.02	38.09	38.16	38.23	38.30	38.36
Woodie	37.05	37.40	37.79	38.14	38.53	38.88	39.27
Fibonacci	37.39	37.67	37.84	38.13	38.41	38.58	38.87

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.65	38.11	38.48	38.94	39.31	39.77	40.14
Camarilla	38.63	38.71	38.78	38.86	38.94	39.01	39.09
Woodie	37.62	38.09	38.45	38.92	39.28	39.75	40.11
Fibonacci	38.11	38.42	38.62	38.94	39.25	39.45	39.77

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.89	37.94	41.10	45.15	48.31	52.36	55.52
Camarilla	42.27	42.93	43.59	44.25	44.91	45.57	46.23
Woodie	33.44	37.72	40.65	44.93	47.86	52.14	55.07
Fibonacci	37.94	40.70	42.40	45.15	47.91	49.61	52.36

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	28.93
MACD (12,26,9):	-1.5500
Directional Movement:	-28.00
AROON (14):	-50.00
DEMA (21):	38.39
Parabolic SAR (0,02-0,02-0,2):	39.54
Elder Ray (13):	-1.34
Super Trend (3,10):	41.20
Zig ZAG (10):	38.05
VORTEX (21):	0.6800
Stochastique (14,3,5):	10.76
TEMA (21):	37.87
Williams %R (14):	-92.57
Chande Momentum Oscillator (20):	-4.01
Repulse (5,40,3):	-0.7000
ROCnROLL:	2
TRIX (15,9):	-0.4800
Courbe Coppock:	19.30

MA7:	38.80
MA20:	40.73
MA50:	43.47
MA100:	44.41
MAexp7:	38.81
MAexp20:	40.39
MAexp50:	42.61
MAexp100:	43.96
Price / MA7:	-1.68%
Price / MA20:	-6.33%
Price / MA50:	-12.24%
Price / MA100:	-14.10%
Price / MAexp7:	-1.70%
Price / MAexp20:	-5.55%
Price / MAexp50:	-10.47%
Price / MAexp100:	-13.22%

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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