FCX stock: buy or sell

FCX stock price: $35.90 0.06% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021


FCX stock brief

  • Freeport-McMoRan closed on Wednesday at $35.90 (0.06%) prior to reporting financial results next July at 08:00
  • On Thursday, Freeport-McMoRan presented its Q1 earnings report
  • UBS Group posted a hold rating for Freeport-McMoRan on Tuesday
  • Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia.

Should I buy Freeport-McMoRan stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $FCX stock a buy?

In the current situation of Freeport-McMoRan there is not any eligible buy setup. This doesn't mean $FCX will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Freeport-McMoRan stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies let us to avoid impetuous decisions based on our personal moods or the buzz that surrounds the market. When selling, as well as buying, our strategies are very simple to use but are only valid for selling shares in your porfolio, not for selling short Freeport-McMoRan stock

A guiding principle is that you should never mantain an open trade that shows a greater losses than those expected at the time of the buy. The moment to sell shares always has to be dictated by the stop-loss (automatic or manual)

Is it time to sell Freeport-McMoRan stock?

Currently, Freeport-McMoRan stock doesn't match any of our preferred sell setups, so if you hold Freeport-McMoRan shares and your operation is in profit probably is not time to sell now

Freeport-McMoRan ratings

In the last 30 days, 5 analyst ratings were published for Freeport-McMoRan

Freeport-McMoRan analysts' ratings - Last month
Brokerage firmRating
Mar 24th, 2021
Morgan Stanley
Mar 30th, 2021
Morgan Stanley
Apr 6th, 2021
Raymond James
Apr 13th, 2021
Raymond James
Apr 20th, 2021
UBS Group Strong buyNeutral

Freeport-McMoRan stock analysis

SMAs overview

FCX stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $36.06 (0.45% above)
  • R2: $36.28 (1.06% above)
  • R3: $36.29 (1.09% above)
  • The current supports are:

  • S1: $35.84 (-0.17% below)
  • S2: $35.71 (-0.53% below)
  • S3: $35.66 (-0.67% below)
  • Bollinger bands

    Since the price surpassed the upper band last Friday, the price sliced by 6.66%

    FCX stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last February after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Wednesday was 54.45. Since then, Freeport-McMoRan price sank a 5.05%

    FCX stock RSI chart

    Freeport-McMoRan stock price history

    Freeport-McMoRan IPO was on Jul 10th, 1995 priced at $6.75 per share1. Since then, FCX stock has risen by 431.85%, with an average of 17.27% per year. If you had invested $1,000USD in Freeport-McMoRan stock on Jul 1995, it would have a value of $5,318.52 today.

    1: Adjusted price after possible price splits or reverse-splits

    FCX stock price history chart

    Price target for Freeport-McMoRan stock

    Nobody can predict how much a stock will be priced in the future. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, financial institutions post their price target based on the stock price action and the company fundamental data. Most of these predictions follow the release of new fundamental data by the company, and usually. If you are a small investor you must not buy or sell based on these forecasts.

    Averaging all price targets exposed below, the forecasted price for Freeport-McMoRan stock is $41.00. That is a 14.21% than the last price ($35.90).

    Freeport-McMoRan stock price predictions
    Brokerage firmPrice target
    Mar 24th, 2021
    Morgan Stanley Not available
    Mar 30th, 2021
    Morgan Stanley Not available
    Apr 6th, 2021
    Raymond James $36.00$41.00
    Apr 13th, 2021
    Raymond James $41.00
    Apr 20th, 2021
    UBS Group Not available

    Earnings and financials

    Freeport-McMoRan ($FCX) hosted the quarterly earnings call and released the report on Thursday.

    Compared to the same quarter one year ago, EPS was $-0.16, so current EPS is 100.00%. Looking at sales, figures skyrocketed a 14.93% compared to $39.1B same quarter a year ago.

    FCX ($FCX) will host the earnings call next July.

    Freeport-McMoRan performance

    FCX performance compared
    Freeport-McMoRan ($FCX) 5.50% 15.80% 106.80%

    Please read:
    The comments given in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not know the particular conditions of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for learning reasons only

    FCX summary

    Wednesday, April 21st, 2021
    Day range$34.22 - $36.07
    Previous close$35.88
    Session gain0.06%
    Average true range$2.19
    50d mov avg$34.55
    100d mov avg$30.75
    200d mov avg$23.34
    Earnings dateJuly 22nd, 2021

    Frequently asked questions

    What is Freeport-McMoRan stock symbol?

    Freeport-McMoRan Inc. is a public company trading in the US stock market with the FCX symbol

    Is Freeport-McMoRan stock a buy or sell?

    Freeport-McMoRan received 5 ratings in the last 30 days: 0 bullish, 0 bearish and 1 neutral.

    Will FCX go up?

    Freeport-McMoRan had different price forecasts posted by analysts in the last month setting the target price to $41.00. That is a 14.21% than the last price ($35.90).