Trading Signals: FCX Stock Price Prediction and Forecast

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Tue. Apr. 18, 2023

Trading Signals: FCX Stock Price Prediction and Forecast (Mon. Mar. 14, 2016 - Wed. Sep. 27, 2023)

(Freeport-McMoRan, Inc.)
FCX latest price $42.9600 (1.99%) ($42.4000 - $43.0200) on Tue. Apr. 18, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.27% (three month average)
RSI   77
Latest Price   $42.9600(1.99%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   FCX advances 0.9% a day on average for past five trading days.
Weekly Trend   FCX advances 3.1% a week on average for past two weeks.
Market Behavior   Normal for large cap. Value stock sell-off for small cap.
Correlated ETFs   Broad market will support FCX advance at 0% a week (0% probability)
XME(77%)    XLB(76%)    EEM(70%)    VT(70%)    IWD(68%)
Factors Impacting FCX price   FCX will decline at least -1.135% in a week (0% probabilities).
VXX(-49%)    VIXM(-44%)    UUP(-29%)    SHY(-16%)    TBT(-2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.135% (StdDev 2.27%)
Hourly BBV 1.1 ()
Intraday Trend 1%

5 Day Moving Average   $42.46(1.18%)
10 Day Moving Average   $41.51(3.49%)
20 Day Moving Average   $40.32(6.55%)
To recent high   -7.9%
To recent low   21%
Market Cap   $62.464b

FCX is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX is one of the world's largest publicly traded copper producers. FCX's portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world's largest copper and gold deposits; and significant mining operations in North America and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru. By supplying responsibly produced copper, FCX is proud to be a positive contributor to the world well beyond its operational boundaries. Additional information about FCX is available on FCX's website at 'fcx.com.'

$. FCX price fluctuates within 4.29% (three month std-dev: 2.27%) daily (68% of days).

Sample size 25 Average positive next day return: 1.14%(56%) Average negative next day return: -1.47%(44%) Sample size 25 Average positive next three day return: 1.94%(56%) Average negative next three day return: -2.07%(44%) Sample size 25 Average positive next weekly return: 2.27%(60%) Average negative next weekly return: -2.35%(40%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

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i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Apr_18_2023	40.86	40.32	41.51	42.46	42.67	42.6	42.96(1.99%)	UT	HoldLong	65	0.3	28	0	9	86	14.16	44%	0.17	87.2	2.27%	1.1	1.5	77	1.6
2	Apr_17_2023	40.79	40.05	41.32	42.1	42.29	42.76	42.12(-2.41%)	UD	OpenLong	75	0	35	90	14	97	12.15	44%	0.12	82.4	2.25%	-1.3	1.2	77	1.5
3	Apr_14_2023	40.74	39.76	41.19	41.7	41.96	42.74	43.16(0.49%)	UT	HoldLong	65	0.8	61	150	43	113	11.64	46%	0.07	67.9	2.25%	1.1	1.9	85	1.5
4	Apr_13_2023	40.71	39.4	40.88	41.12	41.19	41.83	42.95(4.45%)	UT	HoldLong	65	1	51	110	33	105	17.38	46%	0.12	52	2.26%	2.2	2	85	1.4
5	Apr_12_2023	40.66	39.03	40.52	40.6	40.62	41.17	41.12(-0.02%)	UD	OpenLong	75	0.3	40	100	22	95	9.92	40%	0.07	31.3	2.19%	0.7	1.2	80	1.2

6	Apr_11_2023	40.63	38.87	40.26	40.43	40.32	40.56	41.13(2.49%)	UT	OpenLong	75	0.4	33	30	14	89	11.68	40%	0.15	24.4	2.19%	1.5	1.3	73	1.3
7	Apr_10_2023	40.57	38.69	39.95	40.44	40.13	40.06	40.13(-0.4%)	UD	OpenLong	65	-0.2	16	-40	-8	87	9.37	43%	0.2	11.5	2.17%	0.1	0.9	74	1.4
8	Apr_6_2023	40.49	38.57	39.76	40.6	40.39	40.08	40.29(-0.07%)	UD	OpenLong	65	-0.2	24	-70	-4	107	8.09	49%	0.07	-2	2.23%	1.1	1.1	81	0.4
9	Apr_5_2023	40.46	38.5	39.52	40.58	40.52	40.21	40.32(0.15%)	UD	OpenLong	65	-0.2	22	-60	-8	112	10.52	49%	0.05	-12.7	2.36%	-0.1	1.2	82	0.4
10	Apr_4_2023	40.44	38.49	39.27	40.4	40.63	40.71	40.26(-2.28%)	UD	OpenLong	75	-0.1	39	30	9	129	12.77	49%	0.07	-23.2	2.38%	-1.2	1.1	83	0.3

11	Apr_3_2023	40.41	38.46	39.07	40.02	40.36	40.84	41.2(0.71%)	UT	OpenLong	75	0.7	53	110	28	126	10.3	49%	0.07	-28.7	2.39%	1.4	1.5	64	0.1
12	Mar_31_2023	40.38	38.5	38.68	39.38	39.7	40.56	40.91(1.77%)	UT	OpenLong	75	0.8	53	180	35	107	11.18	49%	0.1	-28.5	2.38%	1.3	1.2	65	0.1
13	Mar_30_2023	40.34	38.6	38.21	38.8	39.04	39.88	40.2(1.93%)	UT	OpenLong	75	0.7	51	170	41	79	12.55	49%	0.17	-26.7	2.4%	1	0.7	61	-0.1
14	Mar_29_2023	40.27	38.7	37.8	38.32	38.31	38.84	39.44(2.79%)	UT	OpenLong	75	0.5	27	100	24	37	11.95	49%	0.1	-26.6	2.39%	1.4	0.3	49	-0.2
15	Mar_28_2023	40.23	38.85	37.41	38	38.04	38.2	38.37(1.03%)	N/A	N/A	0	0.2	4	30	9	-11	6.94	47%	0.1	-27.9	2.36%	0.9	-0.2	38	-0.3

16	Mar_27_2023	40.19	38.97	37.36	37.98	38.03	37.78	37.98(-0.08%)	DT	OpenShort	-75	0	-7	-40	-0	-28	12.48	47%	0.07	-31.7	2.38%	0.3	-0.4	38	-0.5
17	Mar_24_2023	40.16	39.08	37.31	37.87	38.06	37.88	38.01(0.58%)	DP	OpenShort	-65	0.1	-15	-20	1	-62	13.89	47%	0.17	-36.2	2.4%	-0.4	-0.5	30	-0.6
18	Mar_23_2023	40.09	39.18	37.28	37.51	37.98	38.28	37.79(-0.13%)	DP	OpenShort	-65	0.1	-15	90	14	-103	15.29	47%	0.17	-45.7	2.42%	-1.8	-0.6	27	-0.8
19	Mar_22_2023	40.02	39.32	37.39	37.18	37.46	38.24	37.84(-1.1%)	DP	OpenShort	-65	0.3	-9	170	31	-130	12.67	47%	0.13	-52.7	2.42%	0.8	-0.6	32	-0.8
20	Mar_21_2023	39.97	39.52	37.63	36.71	36.75	37.68	38.26(2.16%)	DP	OpenShort	-65	0.6	-18	180	29	-160	11.51	47%	0.18	-59.2	2.43%	1.3	-0.5	32	-0.8

21	Mar_20_2023	39.9	39.73	37.78	36.67	36.15	36.68	37.45(3.37%)	DP	OpenShort	-65	0.3	-34	60	13	-175	11.95	47%	0.13	-58.2	2.43%	1.3	-0.9	39	-1
22	Mar_17_2023	39.85	39.95	38.27	36.7	36.43	35.82	36.23(0.36%)	DP	OpenShort	-75	-0.2	-49	-140	-7	-173	18.28	43%	0.1	-60.6	2.39%	1.8	-1.5	39	-1.3
23	Mar_16_2023	39.81	40.28	38.99	37.03	36.73	35.63	36.1(1.66%)	DP	OpenShort	-75	-0.4	-79	-230	-52	-160	25.29	43%	0.08	-60.4	2.41%	-0.4	-1.8	40	-1.2
24	Mar_15_2023	39.78	40.61	39.66	37.64	37.47	37.04	35.51(-6.65%)	DT	OpenShort	-75	-1	-71	-90	-51	-130	26.46	43%	0.1	-60.2	2.4%	-1.5	-2.4	35	-1.5
25	Mar_14_2023	39.74	41	40.43	38.65	38.51	37.82	38.04(1.14%)	DP	OpenShort	-75	-0.3	-35	-140	-19	-82	17.2	50%		-58.3	2.29%	-0.6	-1.6	37	-1.6
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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