Freeport-mcmoran Inc FCX Trading Report

Source: Stock Traders Daily

Longer Term Trading Plans for FCX
  • Buy FCX over 36.42 target 42.43 stop loss @ 36.31 Details
  • The technical summary data tells us to buy FCX near 36.42 with an upside target of 42.43. This data also tells us to set a stop loss @ 36.31 to protect against excessive loss in case the stock begins to move against the trade. 36.42 is the first level of support below 38.64 , and by rule, any test of support is a buy signal. In this case, support 36.42 would be being tested, so a buy signal would exist.

  • Short FCX under 42.43, target 36.42, stop loss @ 42.55 Details
  • The technical summary data is suggesting a short of FCX as it gets near 42.43 with a downside target of 36.42. We should have a stop loss in place at 42.55though. 42.43 is the first level of resistance above 38.64, and by rule, any test of resistance is a short signal. In this case, if resistance 42.43 is being tested, so a short signal would exist.

Swing Trading Plans for FCX
  • Buy FCX over 38.67, target 42.43, Stop Loss @ 38.56 Details
  • If 38.67 begins to break higher, the technical summary data tells us to buy FCX just over 38.67, with an upside target of 42.43. The data also tells us to set a stop loss @ 38.56 in case the stock turns against the trade. 38.67 is the first level of resistance above 38.64, and by rule, any break above resistance is a buy signal. In this case, 38.67, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short FCX near 38.67, target 36.42, Stop Loss @ 38.78. Details
  • The technical summary data is suggesting a short of FCX if it tests 38.67 with a downside target of 36.42. We should have a stop loss in place at 38.78 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 38.67, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for FCX
  • Buy FCX over 38.67, target 39.42, Stop Loss @ 38.58 Details
  • If 38.67 begins to break higher, the technical summary data tells us to buy FCX just over 38.67, with an upside target of 39.42. The data also tells us to set a stop loss @ 38.58 in case the stock turns against the trade. 38.67 is the first level of resistance above 38.64, and by rule, any break above resistance is a buy signal. In this case, 38.67, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short FCX near 38.67, target 37.76, Stop Loss @ 38.76. Details
  • The technical summary data is suggesting a short of FCX if it tests 38.67 with a downside target of 37.76. We should have a stop loss in place at 38.76 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 38.67, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

FCX Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Strong Weak Strong
P1 0 0 36.42
P2 37.76 36.34 42.43
P3 39.42 38.67 49.28

FCX Long Term Analysis for October 17 2021


FCX Swing Trading Analysis for October 17 2021


FCX Day Trading Analysis for October 17 2021

Technically, Freeport-mcmoran Inc (NYSE: FCX) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for FCX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if FCX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for FCX too.  All of these are offered below the Summary Table.

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