Trading Signals: FCX Stock Price Prediction and Forecast

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Mon. Jul. 3, 2023

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

(Freeport-McMoRan, Inc.)
FCX latest price $40.7600 (1.9%) ($40.2800 - $41.3100) on Mon. Jul. 3, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.28% (three month average)
RSI   66
Latest Price   $40.7600(1.9%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   FCX advances 0.8% a day on average for past five trading days.
Weekly Trend   FCX advances 1.1% a week on average for past two weeks.
Market Behavior   Normal for large cap. Value stock rally for small cap.
Correlated ETFs   Broad market will support FCX advance at 0% a week (0% probability)
XLB(75%)    XME(73%)    EEM(72%)    VWO(71%)    MCHI(69%)
Factors Impacting FCX price   FCX will decline at least -1.14% in a week (0% probabilities).
VXX(-39%)    VIXM(-36%)    UUP(-30%)    TBT(-20%)    SHY(10%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.14% (StdDev 2.28%)
Hourly BBV 0 ()
Intraday Trend 0.9%

5 Day Moving Average   $39.95(2.03%)
10 Day Moving Average   $39.64(2.83%)
20 Day Moving Average   $39.01(4.49%)
To recent high   -5.6%
To recent low   22.7%
Market Cap   $59.265b

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 2.77% (three month std-dev: 2.28%) daily (68% of days).

Sample size 9 Average positive next day return: 2.51%(78%) Average negative next day return: -1.47%(22%) Sample size 9 Average positive next three day return: 4.09%(44%) Average negative next three day return: -3.82%(56%) Sample size 9 Average positive next weekly return: 2.87%(22%) Average negative next weekly return: -5.05%(78%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20230803

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	Jul_3_2023	38.76	39.01	39.64	39.95	39.74	40.27	40.76(1.9%)	UT	OpenLong	75	0.7	30	80	27	39	6.92	49%	-0.05	124.9	2.28%	0	1.6	66	1.2
2	Jun_30_2023	38.78	38.76	39.64	39.65	39.56	39.45	40(1.65%)	UT	OpenLong	75	0.3	21	-30	16	37	12.56	49%	-0.08	129.7	2.26%	1.6	1.2	64	1
3	Jun_29_2023	38.81	38.49	39.54	39.32	39.34	39.21	39.35(0.33%)	UD	OpenLong	65	0	1	-20	-9	31	10.6	51%	-0.1	100.6	2.26%	-0.4	0.7	63	1
4	Jun_28_2023	38.85	38.25	39.58	39.4	39.16	39.66	39.22(-2.94%)	UD	OpenLong	75	-0.1	14	70	1	51	14.8	51%	-0.1	79.9	2.29%	-0.8	0.6	61	1.2
5	Jun_27_2023	38.89	38.04	39.47	39.51	39.2	39.47	40.41(2.9%)	UT	OpenLong	75	0.5	37	20	25	72	12.08	53%	-0.08	69.7	2.26%	1.6	1.3	73	1.1

6	Jun_26_2023	38.92	37.71	39.22	39.31	39.06	38.65	39.27(2.35%)	UD	OpenLong	65	-0	7	-90	-10	57	9.12	51%	-0.1	62.9	2.23%	0.9	0.9	67	1
7	Jun_23_2023	38.96	37.42	39.09	39.43	39.14	38.92	38.37(-3.4%)	N/A	N/A	0	-0.6	-0	-60	-25	74	12.45	49%	-0.15	55.4	2.21%	-1.3	0.5	73	1.1
8	Jun_22_2023	39.02	37.24	39.03	39.77	39.52	39.47	39.72(-0.13%)	UD	OpenLong	75	-0	31	-30	0	124	10.89	52%	-0.13	53.9	2.17%	0.8	1.2	87	1.4
9	Jun_21_2023	39.07	37.03	38.84	39.79	39.66	39.35	39.77(0.94%)	UT	HoldLong	65	-0	42	-60	4	155	10.52	52%	-0.13	50.2	2.17%	1	1.2	88	1.3
10	Jun_20_2023	39.12	36.82	38.57	39.4	39.71	39.56	39.4(-1.23%)	UD	OpenLong	75	0	42	-0	4	157	11.96	54%	-0.28	48	2.19%	-0.9	1.2	80	1.2

11	Jun_16_2023	39.23	36.62	38.35	39.1	39.28	39.98	39.89(-0.47%)	UD	OpenLong	75	0.4	59	140	19	180	16.12	54%	-0.13	49.9	2.2%	0.7	1.6	87	1.6
12	Jun_15_2023	39.28	36.4	37.92	38.69	38.78	39.85	40.08(0.65%)	UT	HoldLong	65	0.7	85	200	48	195	12.69	49%	-0.3	47	2.21%	0	1.9	89	1.2
13	Jun_13_2023	39.4	36.14	37.35	38.19	38.21	38.59	39.82(5.29%)	UT	OpenLong	75	1	66	70	34	161	17.15	49%	-0.15	41.7	2.35%	1.3	2.2	73	1.3
14	Jun_12_2023	39.46	35.94	36.79	37.77	37.77	37.72	37.82(-0.18%)	UD	OpenLong	75	0	34	-10	2	131	10.72	46%	-0.18	39.4	2.26%	0.3	1.3	61	1.4
15	Jun_9_2023	39.53	35.79	36.49	37.62	37.72	37.84	37.89(0.13%)	UT	OpenLong	75	0.2	35	30	6	121	9.27	42%	-0.18	33.2	2.3%	1	1.5	60	1.7

16	Jun_8_2023	39.6	35.62	36.08	37.48	37.52	37.83	37.84(0.72%)	UT	OpenLong	75	0.3	41	60	18	108	9.39	42%	-0.15	29.9	2.33%	0.8	1.7	60	2
17	Jun_7_2023	39.66	35.52	35.62	37	37.36	37.6	37.57(-0.45%)	UD	OpenLong	75	0.5	44	70	32	78	15.29	38%	-0.18	21.3	2.34%	0.6	1.7	58	2.2
18	Jun_6_2023	39.73	35.45	35.31	36.36	36.7	37.22	37.74(1.89%)	UT	OpenLong	75	1.2	33	130	29	46	8.92	37%	-0.05	7	2.45%	1.5	2	62	2.4
19	Jun_5_2023	39.75	35.38	35.07	35.65	35.85	37.12	37.04(-0.4%)	UD	OpenLong	75	1.3	33	260	38	19	10.17	37%	-0.2	-14.9	2.45%	0.5	1.6	53	2.3
20	Jun_2_2023	39.83	35.33	34.9	35.2	35.17	36.18	37.19(4.85%)	UT	OpenLong	75	1.9	45	200	56	13	20.45	37%	-0.2	-33.9	2.47%	1.3	1.8	60	2.2

21	Jun_1_2023	39.91	35.22	34.72	34.49	34.58	34.57	35.47(3.29%)	N/A	N/A	0	1	14	10	25	-21	14.01	38%	-0.25	-68.5	2.39%	1.4	0.3	56	2
22	May_31_2023	40.01	35.26	34.73	34.04	34.14	34.16	34.34(0.32%)	DP	OpenShort	-75	0.3	-22	10	-10	-56	16.89	31%	-0.27	-84	2.38%	-0.1	-0.9	41	1.2
23	May_30_2023	40.12	35.37	34.82	34.1	34.06	34.59	34.23(-1.55%)	DP	OpenShort	-65	0.1	-13	110	2	-58	13.29	31%	-0.27	-87.4	2.4%	-0.1	-1.2	38	1.3
24	May_26_2023	40.23	35.54	35.01	34.38	34.18	34.11	34.77(3.39%)	DP	OpenShort	-65	0.3	-8	-30	5	-48	14.1	35%	-0.12	-76.3	2.45%	1.5	-0.7	41	0.8
25	May_25_2023	40.28	35.69	35.03	34.57	34.41	33.52	33.63(1.26%)	DP	OpenShort	-75	-0.8	-41	-190	-32	-67	12.4	32%		-76.4	2.42%	-0.4	-1.7	34	0.2
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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