FCX NEWS why is Freeport-mcmoran, Inc. price falling or rising

FCX NEWS reasons for why stock price of Freeport-mcmoran, Inc. is falling or rising

FCX Freeport Mcmoran is falling or rising technical reasons

Technical analysis forecast for Freeport Mcmoran Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Freeport Mcmoran FCX at this time. Stock is falling and might fall more.

It appears as if Freeport Mcmoran FCX gave a large move recently.

Stock of Freeport Mcmoran (FCX) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Freeport Mcmoran is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 48.3 as stoploss in an intra day buy trade for a target of 49.32. However, stock will show a bearish move below 48.3.

FCX Freeport Mcmoran is falling or rising NEWS fundamental reasons

More announcements and NEWS

FCX Freeport-mcmoran, Inc. current price & indicator signals

Moving Averages for Freeport-mcmoran, Inc.

  • 5Day Average: 48.7
  • 12Day Average: 48.78
  • 20Day Average: 49.05
  • 50Day Average: 50.51
  • 100Day Average: 47.05
  • 150Day Average: 44.7
  • 200Day Average: 42.45

FCX Indicators & signals

Indicator MACD (12,26,9)

48.98, 49.5, -0.52
Indicator MACD is in negative zone

Indicator ADX (14)

6.25, 20.13, 22.82
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 46
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of FCX Freeport-mcmoran, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
02 Tue Jul 2024 48.71 47.70 to 48.79 0.62% 0.78 times
01 Mon Jul 2024 48.41 48.23 to 49.69 -0.39% 0.63 times
28 Fri Jun 2024 48.60 48.34 to 49.49 0.58% 1.16 times
27 Thu Jun 2024 48.32 48.17 to 49.69 -2.32% 0.83 times
26 Wed Jun 2024 49.47 49.00 to 49.99 -0.82% 0.78 times
25 Tue Jun 2024 49.88 49.47 to 50.03 -0.99% 0.74 times
24 Mon Jun 2024 50.38 49.36 to 50.72 1.65% 1.05 times
21 Fri Jun 2024 49.56 48.21 to 49.82 0.41% 1.77 times
20 Thu Jun 2024 49.36 48.22 to 49.54 3.5% 1.36 times
18 Tue Jun 2024 47.69 46.88 to 47.92 0% 0.83 times
18 Tue Jun 2024 47.69 46.88 to 47.92 0.91% 0.83 times
17 Mon Jun 2024 47.26 46.57 to 47.49 -1.77% 1.05 times

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FCX NEWS why is Freeport-mcmoran, Inc. price falling or rising

 

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