FREEPORT-MCMORAN INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	FCX
ISIN:

FREEPORT-MCMORAN INC. - Daily - Technical analysis published on 11/20/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Bullish

Technical indicators

72%

22%

My opinion

Bullish above 11.22 USD

My targets

11.94 USD (+5.85%)

12.92 USD (+14.54%)

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 11.22 USD. The next resistance located at 11.94 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 12.92 USD. After this resistance, buyers could then target 13.35 USD.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

FORCE

6.4

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The FREEPORT-MCMORAN INC. rating is 11.28 USD. The price registered an increase of +2.45% on the session and was traded between 11.00 USD and 11.29 USD over the period. The price is currently at +2.55% from its lowest and -0.09% from its highest.

11.00

11.29

11.28

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead 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 study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of FREEPORT-MCMORAN INC. in Daily shows an overall bullish trend. 75% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9.74	10.76	11.22	11.28	11.94	12.92	13.35
Change (%)	-13.65%	-4.61%	-0.53%	-	+5.85%	+14.54%	+18.35%
Change	-1.54	-0.52	-0.06	-	+0.66	+1.64	+2.07
Level	Major	Intermediate	Intermediate	-	Intermediate	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.73	10.83	10.92	11.02	11.11	11.21	11.30
Camarilla	10.96	10.98	10.99	11.01	11.03	11.05	11.06
Woodie	10.73	10.83	10.92	11.02	11.11	11.21	11.30
Fibonacci	10.83	10.90	10.95	11.02	11.09	11.14	11.21

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.22	10.45	10.81	11.04	11.39	11.62	11.98
Camarilla	11.00	11.05	11.11	11.16	11.21	11.27	11.32
Woodie	10.28	10.48	10.87	11.07	11.45	11.65	12.04
Fibonacci	10.45	10.67	10.81	11.04	11.26	11.40	11.62

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.68	7.53	8.68	9.53	10.67	11.53	12.67
Camarilla	9.27	9.45	9.64	9.82	10.00	10.19	10.37
Woodie	6.83	7.60	8.82	9.60	10.82	11.60	12.82
Fibonacci	7.53	8.29	8.77	9.53	10.29	10.76	11.53

Numerical data

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

Technical indicators

Moving averages

RSI (14):	62.17
MACD (12,26,9):	0.3700
Directional Movement:	13.92
AROON (14):	35.72
DEMA (21):	11.17
Parabolic SAR (0,02-0,02-0,2):	10.70
Elder Ray (13):	0.26
Super Trend (3,10):	9.89
Zig ZAG (10):	11.28
VORTEX (21):	1.0200
Stochastique (14,3,5):	78.24
TEMA (21):	11.36
Williams %R (14):	-15.03
Chande Momentum Oscillator (20):	0.76
Repulse (5,40,3):	2.0900
ROCnROLL:	1
TRIX (15,9):	0.5400
Courbe Coppock:	18.45

MA7:	11.03
MA20:	10.66
MA50:	10.04
MA100:	10.13
MAexp7:	11.05
MAexp20:	10.68
MAexp50:	10.26
MAexp100:	10.29
Price / MA7:	+2.27%
Price / MA20:	+5.82%
Price / MA50:	+12.35%
Price / MA100:	+11.35%
Price / MAexp7:	+2.08%
Price / MAexp20:	+5.62%
Price / MAexp50:	+9.94%
Price / MAexp100:	+9.62%

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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