Simple research view

FCX · Freeport-McMoRan, Inc.

$65.16 -0.03% Oct 26 close

Detected setup Cup & Handle · Setup Score 55/100

Stand aside — setup invalidated

Setup score 55, but price closes below stop $76.87 — stand aside until the condition resets.

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$FCX

Freeport-McMoRan, Inc.

Freeport-McMoRan, Inc. is a large-cap Other Metals/Minerals company in the Non-Energy Minerals sector with a market cap of $94B.

Non-Energy Minerals Other Metals/Minerals stock Stage 1 · Basing Base 4+

$65.16 latest close

Market Structure

Trend structure: downtrend

Latest event: bos (bullish)

Support 58.15–58.30 · 4 touches · moderate

Resistance 65.43–65.65 · 3 touches · moderate

Resistance 70.97–71.45 · 3 touches · moderate

Momentum Turn Watch

Bollinger Lower-Band Support Price ($65.16) is holding just above the lower Bollinger band ($64.79; %B 4) — support at the bottom of the bands.

Early technical context only. Wait for price, volume, and the canonical setup trigger to confirm; this signal does not change readiness or the setup score.

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Historical record

No active setup in the latest scan — this page shows the last detection Legend AI made for $FCX. Every level, score and criterion below is computed from the Oct 26 close session (latest session), and may no longer hold.

Historical verdict · setup score 55/100 · data Oct 26 close · latest session

Stand aside — setup invalidated

Setup score 55, but price closes below stop $76.87 — stand aside until the condition resets.

Review six verdicts Inspect chart

Recent price action · daily

What would change this verdict

What needs to turn for this to become buyable — the top failing checks across the legend council:

Minervini 1.1 Price > 150-day MA AND 200-day MA — Price $65.16, MA150 $66.28, MA200 $65.08
Minervini 1.5 Price > 50-day MA — Price $65.16 vs MA50 $71.86
O'Neil A: Annual earnings & revenue quality — Rev +1.8% | ROE 15.3%
O'Neil N: Near 52-week high or RS line new high — 18.8% below high | RS line new high: False
Weinstein Volume expansion above average — Volume ratio 0.73x
Dennis S1: 20-day Donchian breakout

Minority view — the council disagrees here

Minervini: avoid Trend-template read: fails Price > 150-day MA AND 200-day MA.
O'Neil: watch CANSLIM read: 3/8 pass; improvement is still needed.
Weinstein: watch Stage-analysis read: Stage 2 is present; 1 supporting checks need improvement.

67 Strong

Legend Score · rates the stock Strong (67/100) — held back by eps growth

Our proprietary 0-100 rating — the answer to Wall Street's black-box scores. Five pillars, each computed from real scan data, each explained below in plain English.

Relative Strength (25%) 88
Trend Template (25%) 100
Institutional Footprint (20%) 44
EPS Growth (15%) 30
Quality (SMR-like) (15%) 44

RS rank 87: beating most of the market. Trend template 8/8: price above rising 50/150/200-day lines — textbook uptrend structure. Institutional score 44: neutral — no clear institutional conviction. EPS up +0% — growing, but below the 25% leadership bar. Quality 44: weak fundamentals (sales growth 30, return on equity 41, leverage 100). Updated 2026-10-14.

Earnings

Post-earnings setup

Next earnings Tuesday, October 27, 2026 Before market open Exact clock time not supplied by source

Deterministic evidence

FCX-0.03%

Sector proxy · XLB+0.14%

Broad market · SPY+0.71%

Same completed session window ending 2026-10-26. FCX was -0.17 points vs XLB. -0.74 points vs SPY.

CatalystUnavailable Stock reactionNegative Sector reactionWeak Opening surge— Event riskEarnings-driven

Session internals Mixed

Rule: direction and internals disagree — it met neither the strong nor the weak rule. Judged on internals, not on the size of the move.

Vs prior close-0.03% From the open-0.14% Range position67% GapNo gap

QQQ confirmationDiverging (+1.11%) SMH confirmationDiverging (+2.74%)

Short-term conviction -1 points.

QQQ, SMH moved against the stock — no index confirmation.

Price bars, sourced event fields, and benchmark math only. This can adjust displayed short-term conviction; it does not change the stored scanner score or readiness.

Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.

Price $65.16 -0.0% Oct 26 close

52W High $80.24 18.8% below high

Wks Since High 8w

Base Depth 20.2%

RS Rank 71 percentile of scan

SMA 50 $71.86

Avg Vol 12,472,845

Rel Vol (Oct 26) 0.73× 1.07× on up days

More stats

52W Low $38.54

Tight Wks 0

Base B4

SMA 200 $65.08

RS Line vs High -10.8%

RS Line Slope +1.4% ▲

ADR% 3.2%

ATR(14) $2.45 (3.8%)

Vol Pace (live) N/A

A/D Days 12A / 12D

A/D Rating C

VDU Bars 0/10 d

Earnings TODAY

Position in 52-week range 64thpercentile of the 52-week range

$38.54low

$80.24high

FCX Chart

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Technical Analysis Report Card

$FCX · $65.16 · as of 2026-10-26 · multi-factor read

/ 100

Technicals 45/100

Reference read from price & volume only — the verdict at the top of the page decides the action.

Trend · Daily / Weekly / Monthly

Daily ▼ Downtrend

Weekly ▬ Sideways / consolidating

Monthly ▬ Sideways / consolidating

Moving Averages

50-day$71.86 ↓

100-day$67.98 ↓

200-day$65.08 ↑

Bullish (50 > 200)

RSI (14)

Reading33.7 · Bearish

Bearish momentum — sellers in control.

MACD (12/26/9)

StateBearish

Histogram-0.738

Bearish — MACD below its signal line and below zero. Histogram contracting.

Bollinger Bands (20,2)

%B / Width4% · 15.1%

Near the lower band — under pressure or oversold.

Volume · Buyer vs Seller

Up/Down vol1.07 · Neutral

Rel volume0.73×

Pocket pivots · 10d1

5d vs 50d vol85%

Heavy vol up / down0 / 0

Balanced — up/down volume is roughly even; no clear hand. Recent volume is easing versus its baseline.

Pocket pivot 7 sessions ago — up-day volume beat every down day of the prior 10 sessions.

Support & Resistance

R · $65.43swing level

R · $68.85swing level

R · $71.09swing level

Price · $65.16now

S · $61.73swing level

S · $58.25swing level

S · $55.87swing level

Fibonacci · Uptrend swing

23.6%$74.52

38.2%$70.98

50.0%$68.12

61.8% ◄ price here$65.26

78.6%$61.19

Retracement support zones measured from the recent swing low up to the high.

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Daily downtrendAbove 200-day MA50/200 bullishRS 87 (leader)

Want this read in a legend's voice? Ask a Legend about FCX

Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →

Legend Verdicts 6 methodology checks

Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.
How to read the numbers: the setup score (55/100, in the verdict band) rates this trade setup. Each legend's A–D grade rates the same setup against that legend's own checklist — so a high score next to a C grade is not a contradiction. The setup can be strong without fitting that legend's style. When the council disagrees, the verdict band breaks the tie.

Council consensus: 8 of 9 legends are Watching — building, not yet a confirmed buy.

Minervini Avoid C Trend-template read: fails Price > 150-day MA AND 200-day MA.

partialRule check says AVOID (8/12 checks passed) — Trend-template read: fails Price > 150-day MA AND 200-day MA.

Passing evidence

1.2 150-day MA > 200-day MAMA150 $66.28 vs MA200 $65.08

1.4 50-day MA > 150-day MA AND 200-day MAMA50 $71.86, MA150 $66.28, MA200 $65.08

Failing evidence

1.1 Price > 150-day MA AND 200-day MAPrice $65.16, MA150 $66.28, MA200 $65.08

1.5 Price > 50-day MAPrice $65.16 vs MA50 $71.86

8/12 checks

Method → Playbook → Ask →

O'Neil Watch D CANSLIM read: 3/8 pass; improvement is still needed.

mediumCup & Handle still forming in a top industry group — ideal buy point at $80.32 on big volume. CANSLIM 78.

Passing evidence

C: Quarterly EPS acceleration ≥ 25%+29.8% QoQ

L: RS rank ≥ 80 (IBD leadership)RS rank 87

Failing evidence

A: Annual earnings & revenue qualityRev +1.8% | ROE 15.3%

N: Near 52-week high or RS line new high18.8% below high | RS line new high: False

3/8 checks

Method → Playbook → Ask →

Weinstein Watch B Stage-analysis read: Stage 2 is present; 1 supporting checks need improvement.

mediumClassic Stage 2 advancing phase — strong weekly trend confirms uptrend. This is Weinstein's sweet spot: buy and hold while price remains above the 30-week MA.

Passing evidence

Stage 2 (Advancing phase) confirmedStage 2 (Advancing)

Price above 30-week MA (200-day proxy)Price $65.16 vs MA200 $65.08

Failing evidence

Volume expansion above averageVolume ratio 0.73x

6/7 checks

Method → Playbook → Ask →

dennis Watch C Turtle read: no Donchian signal. The system stays flat until price takes out the 20-day high.

Passing evidence

No breakdown below the 20-day channel20-day low $64.00

Volatility-unit sizing (1N ≈ 1% of equity)1N = $2.61 (4.01% of price); the Turtles size 1 unit so a 1N move ≈ 1% of equity, making the 2N stop ≈ 2% equity risk

Failing evidence

S1: 20-day Donchian breakoutNot confirmed

S2: 55-day Donchian breakoutNot confirmed

5/7 checks

Method → Playbook → Ask →

zanger Watch B Zanger read: the structure is fine but the breakout quality is not there yet — wait for 150%+ volume on the break.

partialZanger would buy the Cup & Handle breakout only with 150-200% volume, never more than 5% above the breakout point, with a 2-3% stop set at entry. His edge over O'Neil is the exit plan: sell 20-30% of the position at +15-20%, then trail the rest on the 10/20-day moving average.

Passing evidence

Named Zanger pattern onlyCup & Handle

Not extended (≤5% above the breakout point)Measured as passing

Failing evidence

Breakout volume 1.5-2.0x averageData unavailable

5/6 checks

Method → Playbook → Ask →

zweig Watch B Zweig read: part of his screen passes but not all: Insider buying — wait for the full growth screen before treating this as a Zweig setup.

Passing evidence

EPS growth above the market (≥15% QoQ)+29.8% QoQ — Zweig wants growth above the S&P average

Reasonable price for the growth (P/E ≤ 35)Trailing P/E 22.5x — no PEG or forward P/E stored

Failing evidence

Insider buyingNo insider buying flagged

Monetary conditions: don't fight the FedFed series stored but too thin to read direction

5/8 checks

Method → Playbook → Ask →

Livermore Watch B Pivotal-point read: constructive evidence is present, but volume vs average is unresolved.

Passing evidence

Price$65.16

Relative strengthRS 87

Failing evidence

Volume vs average0.73x

Pivotal point cleared on expanding volumeNot confirmed

4/6 checks

Method → Playbook → Ask →

Darvas Watch B Box-theory read: constructive evidence is present, but volume vs average is unresolved.

partialConsolidating within the box (9.8% from 52W high) — patience until it approaches the prior high.

Passing evidence

Price$65.16

Relative strengthRS 87

Failing evidence

Volume vs average0.73x

Box top broken on heavy volumeNot confirmed

4/6 checks

Method → Playbook → Ask →

Wyckoff Watch B Supply-and-demand read: constructive evidence is present, but volume vs average is unresolved.

Passing evidence

Price$65.16

Relative strengthRS 87

Failing evidence

Volume vs average0.73x

Sign of Strength confirmed on expanding volumePrice hasn't cleared the pivot yet — confirmation pending

4/6 checks

Method → Playbook → Ask →

Base & Breakout

Breakout follow-through

No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?

Latest candle: Doji — Open and close nearly equal — indecision. After a strong move it can signal a pause or pending reversal; wait for confirmation.

Unlock Base & Breakout Tracking

RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH ▲ Rising

Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net -7 C

Minervini · Grade Card

Fundamentals & leadership quality — Minervini’s published criteria · 3/7 met

C 3/7 criteria

Separate score from the Minervini Trend Template (6/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.

✓ EPS acceleration ≥25% QoQ +30%

✗ Revenue growth ≥20% YoY +2%

✗ Gross margin ≥30% 27%

✗ ROE ≥17% 15%

✓ RS rating ≥80 (leadership) 87

✗ Stage 2 uptrend (Weinstein) Stage 1

✓ Within 25% of 52W high -18.8%

Method Playbook

Trade it like Wyckoff EXACT LEVELS · PRO

Minervini O'Neil Livermore Weinstein Darvas Wyckoff

Wyckoff B · Watch — The deterministic methodology check is Watch; wait for the failing or incomplete criteria to improve before the trigger can qualify.

Pivot

Pro level

Published-method rule: Use the Spring/test, Sign of Strength, creek, or Last Point of Support boundary identified by the active structure.
Evidence: Canonical setup geometry is available with Pro.

Entry trigger

Pro level

Published-method rule: Require a completed test or Sign of Strength/Last Point of Support confirmation with improving demand versus supply.
Evidence: Canonical setup geometry is available with Pro.

Initial stop

Pro level

Published-method rule: Start below the Spring/test low or structural support whose failure would invalidate the accumulation read.
Evidence: Canonical setup geometry is available with Pro.

Trail

Rule-based

Published-method rule: Raise protection beneath successive Last Points of Support or meaningful higher lows during markup; never loosen it.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.

Exit / invalidation

Pro level

Published-method rule: Exit on a failed Sign of Strength, support loss, or clear supply-dominant reversal such as an upthrust failure.
Evidence: Canonical setup geometry is available with Pro.

Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →

The published-method workflow is public. Unlock exact pivot, entry, stop, target, and sizing with Pro →

Forming Patterns (predictive — not confirmed)

Head & Shoulders bearish forming

75% built

Possible head & shoulders top — not confirmed. Watch for a daily close below ~56.00 (neckline) to confirm, with measured-move risk toward ~31.76. A push back above 78.64 weakens the pattern; reclaiming 80.24 invalidates it.

Confirms below 56.00

Invalidates at 80.24

Left Shoulder 72.28

Head 80.24

Right Shoulder 78.64

Neckline 56.00

Target 31.76

LS 72.28 / head 80.24 / RS 78.64, neckline ~56.00, vol_fading=yes

Predictive pattern recognition is educational — most forming structures never confirm. Wait for the confirmation level before treating this as a setup.

Pattern Analysis (historical)

Cup & Handle Historical replay: +20% before −8% within 40 sessions: 16% (n=376) · source bars 2024-11-01–2026-10-26 · avg +0.3% per setup (+0.03R) ⚠ Late-stage base (#5) ⚠ Not actionable yet

55 setup score

RS Score 87

Trend template 6/8

CANSLIM 77.7* (B)

21.4% cup depth 8.9% handle rims outside 10% ideal

Cup 21.4% deep from a $70.58 left rim to a $55.49 low
Rims 13.7% apart (accepted, but outside the 10% ideal)
Handle pulled back 8.9% over 7 bars from $74.90 to $68.20
Handle sits in the upper half of the cup
Rounded U-shaped bottom
Pivot $80.24 fixed at the handle high
No close above the pivot yet
Volume dried up in the handle

Raw detector evidence · confidence is a heuristic match score, not a probability

depth=21.4%, handle_pb=8.9%, lips_diff=13.7%, upper_half=yes, u_shape=yes, near_pivot=no, orderly=yes | Strong trend (8/8) | Top RS (87) | High-confidence pattern (72%) | Volume drying up (bullish) | Stage 2 | Readiness 61/100 (early) | CANSLIM 77.7 (B) | ⚠ Late-stage base (#5); Not actionable yet
setup_key=cup_handle|2026-05-04|2026-08-26|80.24 · cup_handle/2026-10-03
anchors={"bottom": {"bar": 37, "bars_ago": 112, "date": "2026-05-04", "price": 55.49}, "breakout": null, "handle_high": {"bar": 134, "bars_ago": 15, "date": "2026-09-22", "price": 74.9}, "handle_low": {"bar": 141, "bars_ago": 8, "date": "2026-10-01", "price": 68.2}, "left_lip": {"bar": 29, "bars_ago": 120, "date": "2026-04-22", "price": 70.578}, "right_lip": {"bar": 116, "bars_ago": 33, "date": "2026-08-26", "price": 80.24}}

Why This Setup?

Cup & Handle · schematic

The Universal Edge Check · context only

What the setup still has going for it, recorded for later. The verdict above stands — these principles do not overrule it.

4/7 universals met

Clear of earnings — not met in 0 days — event risk
A relative-strength leader — partly met RS rank 71 — middling
Volume confirms — partly met 0.6× average — light
Asymmetric reward — met Met — levels are a Pro detail
In a confirmed uptrend — met Stage 1 · Trend template 6/8
Not chasing (in range) — met Met — levels are a Pro detail
Risk is defined — met Met — levels are a Pro detail

Why these seven? → The Universal Edge

Minervini Trend Template

6/8

Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.

Price above SMA 150 & 200 $65.16 vs SMA150 $66.28 / SMA200 $65.08

SMA 150 above SMA 200 SMA150 $66.28 vs SMA200 $65.08

SMA 200 trending up Slope +1.93 over 20 days

SMA 50 above SMA 150 & 200 SMA50 $71.86

Price above SMA 50 $65.16 vs SMA50 $71.86

30%+ above 52-week low +69.1% from $38.54

Within 25% of 52-week high -18.8% from $80.24

RS score above 70 RS 87

Fundamentals

52W Range

64%

Mkt Cap SEC

93.6B

EPS QoQ

+30%

Rev YoY

+2%

ROE

15%

Gross Margin

27%

D/E

0.50

EPS TTM

$2.90

P/E TTM

22.5x

Float

1.4B

Insider

No Buy

Company

Company profile

Freeport-McMoRan, Inc.

FCX · NYSE · Non-Energy Minerals · Other Metals/Minerals

O'Neil · Grade Card

CANSLIM — current EPS, annual EPS, new highs, supply, leader RS, inst. sponsorship, market

B 77.7* CANSLIM * disqualified on M

C · Curr. EPS

100

A · Annual EPS

N · New Highs

100

S · Supply/Demand

L · Leader RS

I · Inst. Spons.

M · Market

Weekly Context

Multi-timeframe signals from weekly bars

W. Trend

8/8

W. RS

W. Support

$55.49

W. Resist

$80.24

Weekly Structure

Trend Neutral

Tight Weeks 0

Confirmation Neutral

Scan History

Oct 14

Cup & Handle ✓ Gate

Oct 13

Cup & Handle ✓ Gate

55 -10.0%

Oct 12

Cup & Handle ✓ Gate

55 -11.1%

Oct 10

Cup & Handle ✓ Gate

55 -11.1%

Oct 09

Symmetrical Triangle

80 -11.6%

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