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's RSI Indicator climbs out of oversold territory
The RSI Indicator for FCX moved out of oversold territory on May 25, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 30 similar instances when the indicator left oversold territory. In of the 30 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 49 cases where FCX's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on June 02, 2023. You may want to consider a long position or call options on FCX as a result. In of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for FCX just turned positive on May 31, 2023. Looking at past instances where FCX's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FCX advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day moving average for FCX crossed bearishly below the 50-day moving average on April 28, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
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 .
FCX broke above its upper Bollinger Band on June 02, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for FCX entered a downward trend on June 02, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously 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 (3.320) is normal, around the industry mean (6.505). P/E Ratio (20.534) is within average values for comparable stocks, (85.548). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.938). Dividend Yield (0.016) settles around the average of (0.073) among similar stocks. P/S Ratio (2.491) is also within normal values, averaging (193.386).
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 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 88, placing this stock better than average.
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 Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. FCX’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a copper, gold and molybdenum mining company
Industry OtherMetalsMinerals
FCX and
Correlation & Price change
A.I.dvisor indicates that over the last year, FCX has been closely correlated with SCCO. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if FCX jumps, then SCCO could also see price increases.
| Ticker / NAME | Correlation To FCX | 1D Price Change % | ||
|---|---|---|---|---|
| FCX | 100% | -0.40% | ||
| SCCO - FCX | 85% Closely correlated | -0.66% | ||
| BHP - FCX | 81% Closely correlated | -1.45% | ||
| RIO - FCX | 81% Closely correlated | -0.40% | ||
| HBM - FCX | 80% Closely correlated | -2.31% | ||
| TECK - FCX | 75% Closely correlated | -4.68% | ||
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