Analyzing the Aroon Indicator and Earnings Results, AI Trading Robot Achieved 25% Growth for $FCX in the Past 6 Months
The best AI trading robot in our robot factory, Swing Trader, Popular Stocks: Short Bias Strategy (TA&FA), generated a return of 25% for FCX over the course the previous 6 months.
Over the past six months, an AI trading robot named Swing Trader from the renowned robot factory, Popular Stocks: Short Bias Strategy (TA&FA), has successfully generated a return of 25% for Freeport-McMoRan Inc. (FCX). This impressive growth can be attributed to the AI's ability to read and interpret technical and fundamental indicators, such as the Aroon Indicator and earnings results. In this article, we will delve deeper into the bullish signal triggered by the Aroon Indicator on April 18, 2023, and analyze the earnings results to better understand the potential for further growth.
Aroon Indicator: Bullish Signal for FCX
On April 18, 2023, the Aroon Indicator for FCX exhibited a bullish signal, with the AroonUp green line rising above 70 while the AroonDown red line remained below 30. This occurrence is often regarded as a sign that a stock is setting up for a bullish move, prompting traders to consider buying the stock or purchasing call options.
Tickeron's A.I.dvisor has analyzed 309 similar instances in which the Aroon Indicator exhibited a similar pattern. In 254 of those cases, the stock moved higher in the following days. This puts the odds of a move higher at an impressive 82%.
Earnings Results Analysis
In addition to the Aroon Indicator, it is crucial to examine the earnings results to gain a comprehensive understanding of FCX's performance. The company's most recent earnings report revealed a strong financial performance, with revenues and earnings surpassing analysts' expectations. This positive outcome can be attributed to a combination of factors, including increasing demand for copper, effective cost management, and strategic investments in growth projects.
The strong earnings results, coupled with the bullish Aroon Indicator signal, suggest that FCX is well-positioned to continue its upward trajectory in the near term.
The AI trading robot Swing Trader has demonstrated its proficiency in generating significant growth for FCX over the past six months. The bullish signal from the Aroon Indicator, along with strong earnings results, indicates a high probability of continued growth for the stock. Investors and traders may want to capitalize on this opportunity by buying the stock or considering call options. However, it is important to keep in mind that past performance is not always indicative of future results, and individual investors should conduct their due diligence before making any investment decisions.
FCX's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for FCX turned positive on May 31, 2023. Looking at past instances where FCX's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where FCX's RSI Indicator exited the oversold zone, of 32 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 .
FCX moved above its 50-day moving average on June 08, 2023 date and that indicates a change from a downward trend 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 300 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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 05, 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 (3.377) is normal, around the industry mean (6.485). P/E Ratio (20.921) is within average values for comparable stocks, (85.992). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.077). Dividend Yield (0.016) settles around the average of (0.070) among similar stocks. P/S Ratio (2.535) is also within normal values, averaging (189.898).
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 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.
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.
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 84% 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% | +0.13% | ||
| SCCO - FCX | 84% Closely correlated | -0.97% | ||
| RIO - FCX | 80% Closely correlated | -0.03% | ||
| BHP - FCX | 80% Closely correlated | -0.58% | ||
| HBM - FCX | 80% Closely correlated | -0.84% | ||
| TECK - FCX | 74% Closely correlated | -0.57% | ||
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