Freeport Stock Technical Analysis

FCX
 Stock
  

USD 31.23  0.98  3.24%   

As of the 18th of August 2022, Freeport Mcmoran shows the coefficient of variation of (3,553), and Mean Deviation of 2.97. Freeport-Mcmoran technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down nineteen technical drivers for Freeport-Mcmoran, which can be compared to its rivals. Please confirm Freeport-Mcmoran variance, as well as the relationship between the value at risk and skewness to decide if Freeport-Mcmoran is priced favorably, providing market reflects its regular price of 31.23 per share. Given that Freeport Mcmoran has jensen alpha of (0.25), we urge you to verify Freeport-Mcmoran's prevailing market performance to make sure the company can sustain itself at a future point.
  

Freeport Mcmoran Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Freeport, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Freeport
Freeport Mcmoran's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Freeport Mcmoran Analyst Consensus

Target PriceAdvice# of Analysts
41.46Hold17Odds
Freeport-Mcmoran current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Freeport analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Freeport stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Freeport-Mcmoran, talking to its executives and customers, or listening to Freeport conference calls.
Freeport Analyst Advice Details
Freeport Mcmoran technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Freeport Mcmoran technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Freeport Mcmoran trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Freeport-Mcmoran Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was twenty-one with a total number of output elements of fourty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Freeport-Mcmoran volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Freeport-Mcmoran Trend Analysis

Use this graph to draw trend lines for Freeport-Mcmoran. You can use it to identify possible trend reversals for Freeport Mcmoran as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Freeport Mcmoran price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Freeport Mcmoran Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Freeport-Mcmoran applied against its price change over selected period. The best fit line has a slop of   -0.19  , which may imply that the returns on investment in Freeport-Mcmoran will continue to fail. It has 122 observation points and a regression sum of squares at 1435.94, which is the sum of squared deviations for the predicted Freeport Mcmoran price change compared to its average price change.

About Freeport Mcmoran Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Freeport-Mcmoran on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Freeport-Mcmoran based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Freeport-Mcmoran price pattern first instead of the macroeconomic environment surrounding Freeport-Mcmoran. By analyzing Freeport Mcmoran's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Freeport Mcmoran's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Freeport Mcmoran specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2020 2021 2022 (projected)
Long Term Debt to Equity1.060.950.650.79
Interest Coverage1.093.2813.7614.83

Freeport Mcmoran August 18, 2022 Technical Indicators

Most technical analysis of Freeport help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Freeport from various momentum indicators to cycle indicators. When you analyze Freeport charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Freeport Mcmoran August 18, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Freeport stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please check Investing Opportunities. Note that the Freeport-Mcmoran information on this page should be used as a complementary analysis to other Freeport Mcmoran's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Complementary Tools for Freeport Stock analysis

When running Freeport-Mcmoran price analysis, check to measure Freeport Mcmoran's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Freeport Mcmoran is operating at the current time. Most of Freeport Mcmoran's value examination focuses on studying past and present price action to predict the probability of Freeport Mcmoran's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Freeport Mcmoran's price. Additionally, you may evaluate how the addition of Freeport Mcmoran to your portfolios can decrease your overall portfolio volatility.
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Is Freeport Mcmoran's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Freeport Mcmoran. If investors know Freeport will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Freeport Mcmoran listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.22
Market Capitalization
44.6 B
Quarterly Revenue Growth YOY
-0.058
Return On Assets
0.12
Return On Equity
0.27
The market value of Freeport-Mcmoran is measured differently than its book value, which is the value of Freeport that is recorded on the company's balance sheet. Investors also form their own opinion of Freeport Mcmoran's value that differs from its market value or its book value, called intrinsic value, which is Freeport Mcmoran's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Freeport Mcmoran's market value can be influenced by many factors that don't directly affect Freeport Mcmoran's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Freeport Mcmoran's value and its price as these two are different measures arrived at by different means. Investors typically determine Freeport Mcmoran value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Freeport Mcmoran's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.