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FCX

Freeport-McMoRanMaterials
$62.71+57.17%
Bullish FlagRising Wedge
0CP IndexWeak
How it works

The Setup Confidence (0-100) is an algorithmic score evaluating 4 key metrics:

  • Trend Alignment (SMA)
  • Volume Confirmation
  • Pattern Clarity
  • Momentum (RSI)
3 Month Interval$62.71
DECJANFEB
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Trade the Breakout

See how the Bullish Flag is playing out for FCX. View live chart.

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Quick Actions

Trade Plan: Bullish Flag

Risk/Reward
1:2.74
Entry
$69.44
Stop
$58.23
Target
$100.13

Chart Pattern

Bullish Flag

Bullish continuation if preceding move was up.

Rising Wedge

Reversal pattern. Price likely to break downwards.

Market Analysis

Market participants tracking Freeport-McMoRan should note the latest formation. With a last close of $62.71, volatility remains active (1.08%). Price action has carved out a classic **Bullish Flag**. The trend indicator is reading 5.2/100, suggesting moderate momentum. A potential breakout level is identified at **$69.44**, targeting **$100.13** with support near **$58.23** (R:R 2.74).

Community Sentiment

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