AI trading robot Trend Trader ($3K per position): Popular Stocks (TA&FA) was one of the best in our robot factory, generating a 5.06% gain for FCX over the course of the previous week. However, it is essential to understand the current market situation before making any investment decisions.
On April 21, 2023, FCX's Momentum Indicator moved below the 0 level, indicating a potential shift towards a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 80 similar instances where the indicator turned negative, and in 65 out of 80 cases, the stock moved further down in the following days. Therefore, the odds of a decline are at 81%.
It is worth noting that the Momentum Indicator is a widely used technical indicator that measures the rate of change of a stock price. It compares the current price to the price of the same asset in the past, usually over a specified period, to identify whether the stock is overbought or oversold. If the Momentum Indicator moves below the 0 level, it indicates that the stock's price is losing its upward momentum and could be moving towards a downward trend.
To further validate the indication, we also applied the Trend Trader ($3K per position): Popular Stocks (TA&FA) AI trading robot, which confirmed our findings. This robot analyzes both technical and fundamental data to identify the best trading opportunities. The recent gain of 5.06% for FCX over the previous week is a testament to the robot's effectiveness in identifying trends.
In summary, the Momentum Indicator for FCX moved below the 0 level on April 21, 2023, indicating a potential shift towards a new downward move. Traders may want to consider selling the stock or exploring put options. The Trend Trader ($3K per position): Popular Stocks (TA&FA) AI trading robot generated a 5.06% gain for FCX over the previous week and further confirms our analysis. As always, we recommend that investors do their research and consult with financial advisors before making any investment decisions.
FCX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 36 cases where FCX's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FCX advanced for three days, in of 303 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Momentum Indicator moved below the 0 level on September 18, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on FCX as a result. In of 81 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 September 19, 2023. 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 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .
FCX moved below its 50-day moving average on September 06, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for FCX crossed bearishly below the 50-day moving average on August 21, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 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 .
The Aroon Indicator for FCX entered a downward trend on September 06, 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.
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 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 (3.287) is normal, around the industry mean (6.456). P/E Ratio (25.253) is within average values for comparable stocks, (97.855). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.103). Dividend Yield (0.016) settles around the average of (0.061) among similar stocks. P/S Ratio (2.446) is also within normal values, averaging (225.893).
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 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 average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a copper, gold and molybdenum mining company
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.