An AI trading robot generated a 5.99% profit for FCX in the previous week.
Our robot factory's top-performing AI trading robot, which can be found at Swing Trader, Popular Stocks: Short Bias Strategy (TA&FA), produced a 5.99% return for FCX during the last week.
Artificial intelligence (AI) trading robots are becoming increasingly popular in the world of finance, and for good reason. These algorithms are designed to analyze vast amounts of data in real-time, making them incredibly efficient at identifying profitable trading opportunities. In fact, an AI trading robot generated a 5.99% profit for FCX in the previous week, demonstrating the power of this technology in the world of finance.
FCX, a leading mining company, saw its Momentum Indicator move above the 0 level on March 24, 2023. This is an indication that the stock could be shifting into a new upward move, which is a positive sign for traders looking to make a profit. Based on this signal, traders may want to consider buying the stock or buying call options.
Tickeron's A.I.dvisor, an AI-powered trading tool, looked at 79 similar instances where the Momentum Indicator turned positive. In 68 of the 79 cases, the stock moved higher in the following days. This suggests that the odds of a move higher are at 86%, which is a very encouraging sign for investors.
Using an AI trading robot like Tickeron's A.I.dvisor can provide traders with an edge in the market. These algorithms are designed to analyze market trends and identify profitable opportunities in real-time, making them incredibly efficient at identifying potential trades. With the right strategy and approach, traders can use these tools to generate substantial profits in the market.
The recent success of the AI trading robot in generating a 5.99% profit for FCX demonstrates the power of this technology in the world of finance. By leveraging AI-powered tools like Tickeron's A.I.dvisor, traders can gain a significant edge in the market and potentially generate substantial profits. As more and more investors turn to AI trading robots, we can expect to see a continued rise in the use of this technology in the world of finance.
FCX in upward trend: 10-day moving average broke above 50-day moving average on September 24, 2024
The 10-day moving average for FCX crossed bullishly above the 50-day moving average on September 24, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The 50-day moving average for FCX moved above the 200-day moving average on October 21, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FCX advanced for three days, in of 295 cases, the price rose further within the following month. The odds of a continued upward trend are .
FCX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The 10-day RSI Indicator for FCX moved out of overbought territory on October 03, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on October 23, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on FCX as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for FCX turned negative on October 10, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FCX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.067) is normal, around the industry mean (7.448). P/E Ratio (36.977) is within average values for comparable stocks, (100.583). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.023). Dividend Yield (0.013) settles around the average of (0.084) among similar stocks. P/S Ratio (2.989) is also within normal values, averaging (243.272).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. FCX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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a copper, gold and molybdenum mining company
Industry OtherMetalsMinerals