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Takip Edin: @UscMarketsFCX Stock Forecast & Freeport-McMoRan Chart Analysis
This article provides a detailed analysis of FCX-Freeport-McMoRan Inc. stock including a forecast for FCX shares. It features Freeport-McMoRan Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
FCX Historical Data Review
FCX Current Price Performance Analysis
The Freeport-McMoRan - FCX stock traded on the American stock market, on 06-05-2024, closed at 50.49$ with a %1.59 increased compared to the previous day.
In the last month, the price of FCX changed by %-0.98 decreased in value, from 50.99 dollars on 05-06-2024 to 50.49 dollars, decreased.
Last year, the price of FCX was 37.74 dollars on 06-06-2023, and changed by %33.78 increased in value, to 50.49 dollars increased within a year.
The price of Freeport-McMoRan stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
FCX with AI Stock Forecast & Price Target
On the FCX chart Freeport-McMoRan price was recorded as 50.49 Dollars on 06/05/2024.
The artificial intelligence's forecast on FCX stock is as follows.
The artificial intelligence's prediction error margin for FCX stock is moderately high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Freeport-McMoRan stock over the next 4 months is: 48.4 Dollars.
The commentary on FCX stock Target Price: Highest: 53.948 Dollars is predicted.
The commentary on FCX stock Target Price: Lowest: 42.24 Dollars is predicted.
Resistance Price where Freeport-McMoRan stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-10-2024 | 53.948 |
| 09-23-2024 | 50.454 |
| 12-02-2024 | 48.521 |
| 01-21-2025 | 50.125 |
| 02-10-2025 | 50.004 |
Support Price where Freeport-McMoRan stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-29-2024 | 46.525 |
| 10-28-2024 | 44.495 |
| 12-17-2024 | 47.700 |
| 02-05-2025 | 49.981 |
| 03-27-2025 | 42.240 |
The commentary on FCX stock: Fluctuations in the target price can be expected in the coming days.
The target price for Freeport-McMoRan stock by the end of 2024 is predicted to be 48.25 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on FCX stock, and the 2024 target price predictions for Freeport-McMoRan are detailed above.
The technical analysis and charts for the commentary on FCX stock are below.
FCX Support & Resistance and Trend Analysis
FCX stock you have reviewed the technical analysis support resistance charts regarding.
FCX : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the FCX review, the Freeport-McMoRan support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Freeport-McMoRan Support and Resistance Prices:
| FCX Support Level Price | FCX Resistance Level Price |
|---|---|
| 32.83 | 40.45 |
| 36.04 | 40.81 |
| 36.26 | 40.99 |
| 36.75 | 42.32 |
| 37.47 | 42.62 |
| 47.10 | 43.42 |
| 47.31 | 52.42 |
| 48.22 | 53.89 |
| 48.41 | 54.35 |
| 50.60 | 55.24 |
FCX Technical Analysis: SMA, RSI, MACD
Upon reviewing the FCX chart, buy and sell signals have been generated in the Freeport-McMoRan technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for FCX stock are as follows:- The technical analysis for Freeport-McMoRan indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Freeport-McMoRan stock: Click here to read more predictions on CRH plc stock.
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