FCX Price Prediction Next Week
Analysis and Insights
To predict the stock price of Freeport-McMoRan (FCX) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
FCX's stock price is currently trading at $40.31, with key technical indicators suggesting a bullish trend. The Relative Strength Index (RSI) for FCX is at 67.37, indicating the stock is in a neutral zone but approaching overbought territory. The MACD line is above the signal line, suggesting upward momentum.
Fibonacci Levels:
The Fibonacci levels for FCX indicate a pivot point at $37.98, with resistance levels at $40.86 and $42.65. These levels suggest that FCX may face resistance at $42.65 in the short term.
News Sentiment and Analyst Ratings:
Recent news indicates a positive outlook for FCX. J.P. Morgan upgraded FCX to Overweight with a price target of $52, citing tariff-related factors and long-term supply constraints in the copper industry. Additionally, President Trump's executive order to enhance production of critical minerals, including copper, is expected to benefit FCX's U.S. operations.
Conclusion:
Based on the technical analysis and positive news sentiment, FCX is expected to reach a price of $42.65 in the next trading week. The stock is a BUY as it is well-positioned to benefit from tariff-related factors and long-term supply constraints in the copper industry.
FCX Similar Chart Price Prediction
The price of FCX is predicted to go up 6.05%, based on the high correlation periods with ANIP. The similarity of these two price pattern on the periods is 94.14%.
FCX
ANIP
Up: 6.05%Similarity: 94.14%
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FCX Analyst's Forecast
Bill Peterson
JP Morgan
Hold → Buy
2025-03-20
Price Target
$48 → $52
Upside
+27.76%
JPMorgan upgraded Freeport-McMoRan to Overweight from Neutral with a price target of $52, up from $48, which offers 30% implied upside. Tariff risk is likely to maintain premium pricing for the company's U.S.-based footprint for the foreseeable future, the analyst tells investors in a research note. Further, the firm expects long-term supply challenges will be supportive of a favorable through-cycle pricing environment for the industry. President Trump's trade policy to date infers it is more likely than not that some form of protectionism for U.S. copper imports unfolds, but if not, Freeport is still advantageously positioned relative to its pure-play peers to capture incremental upside in the near-term, contends JPMorgan.
Abhi Agarwal
Deutsche Bank
Hold → Strong Buy
2025-03-06
Price Target
$47
Upside
+24.73%
Chris LaFemina
Jefferies
Hold → Strong Buy
2025-02-27
Price Target
$40 → $48
Upside
+28.27%
