Stock Price Prediction

Based on the provided data and recent market activity, here's the analysis for FCX's price prediction for next week:

Technical Analysis

The stock is showing bearish signals with RSI at 34.96, indicating oversold conditions. The MACD is at -0.58, suggesting downward momentum. The stock is trading below both its 20-day moving average ($39.00) and 200-day moving average ($45.93).

Price Levels Analysis Key Fibonacci levels for next week:

• Resistance 3: $43.41
• Resistance 2: $41.70
• Resistance 1: $40.64
• Pivot: $38.93
• Support 1: $37.22
• Support 2: $36.16
• Support 3: $34.45

News Impact Recent news indicates mixed sentiment:

• FCX reported Q4 revenue of $5.72 billion, below analyst expectations of $5.92 billion
• The company has received a high rating of 91% from Validea's P/E/Growth Investor model
• The stock has shown weakness recently, falling more than other market participants

Price Prediction for Next Week Based on technical indicators and recent news:

• Most likely scenario (60% probability): Stock will test support level 1 at $37.22 before attempting to bounce back to pivot level $38.93
• Bearish scenario (30% probability): Break below $37.22 could lead to testing support 2 at $36.16
• Bullish scenario (10% probability): Recovery above $40.00 only if broader market sentiment improves significantly

Trading Recommendation SELL with the following parameters:

• Entry: Current market price ($37.76)
• Target: $36.16 (Support 2)
• Stop loss: $40.64 (Resistance 1)

The recommendation is based on:

1. Negative MACD indicating continued downward momentum
2. Trading below key moving averages
3. Recent earnings miss
4. Weak technical indicators