Freeport-Mcmoran (FCX) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for FCX · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$67.30last close · Aug 4, 202652-week range $35.15 – $72.28 · 6.88% below the high
Ascending Triangle · playing out now

FCX is breaking down from a ascending triangle — a sign the recent run may be rolling over.

On this chart, setups like it have followed through about 68% of the time.

As long as price stays below $72.28, it's in play — a daily close back above there calls it off.

The move's natural target sits near $51.76.

FCX Bullish Pennant Pattern

FCX is currently forming a bullish pennant on the daily timeframe. Detected Aug 4, 2026.

DirectionBullishTarget$75.53Projected move+19.3%Breakout level$64.32

New to this pattern? What a bullish pennant is and how to trade it →

How Bullish Pennants Have Performed

Win rate
57.4%
Avg return
+0.99R
Backtested trades
2,605
FCX win rate
40.0%

Historical pattern statistics (2006-08-15 – 2026-08-04), not a prediction.

How these backtests work →

FCX Pattern Trade History

Every completed pattern trade our nightly backtest found on FCX's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
TriangleMar 5, 2026 @ $61.49Mar 19, 2026 @ $51.81Win+1.17R
Bullish PennantFeb 20, 2026 @ $64.34Mar 13, 2026 @ $56.38Loss-1.55R
Bullish PennantNov 26, 2025 @ $41.98Jan 30, 2026 @ $60.23Win+5.83R
TriangleNov 25, 2025 @ $41.24Jan 30, 2026 @ $60.23Win+7.95R
TriangleNov 19, 2025 @ $41.93Jan 30, 2026 @ $60.23Win+5.39R
TriangleOct 30, 2025 @ $41.68Dec 3, 2025 @ $44.53Loss-1.58R
TriangleSep 24, 2024 @ $48.18Oct 8, 2024 @ $48.59Win+0.05R
Rising WedgeJun 3, 2024 @ $51.56Jul 18, 2024 @ $45.90Win+1.54R
TriangleMay 14, 2024 @ $52.58Jun 13, 2024 @ $47.99Loss-1.05R
Falling WedgeMar 5, 2024 @ $38.26Mar 26, 2024 @ $44.73Win+4.30R
Falling WedgeFeb 21, 2024 @ $38.66Mar 26, 2024 @ $44.73Win+2.53R
Bullish PennantFeb 16, 2024 @ $39.10Mar 26, 2024 @ $44.73Win+1.98R

FCX Support and Resistance Levels

Price is bouncing off a floor near $58.80 and starting to climb. On the weekly chart, the next ceiling overhead sits near $89.65 — about 33% away.

  • Traders commonly watch $89.65 as a target (its 200% extension) — think of it as a sensible next stop, not a guarantee.
  • That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $58.80 floor about a week ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

Nearest auto-detected support sits near $57.97, resistance near $67.84. These are chart/swing-derived levels, not formula pivots.

Resistance
$67.84$70.39$71.94$72.55$89.65$101.30$118.19
Support
$57.97$56.21$55.79

FCX Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$66.19$67.85$65.75$67.30
Aug 3, 2026$62.07$63.75$61.27$63.64
Jul 31, 2026$62.60$63.65$60.97$62.63
Jul 30, 2026$61.75$63.64$61.74$63.44
Jul 29, 2026$60.80$61.56$58.19$59.99
Jul 28, 2026$61.46$62.57$59.93$61.64
Jul 27, 2026$63.53$63.53$61.18$62.72
Jul 24, 2026$62.56$62.99$61.05$62.60
Jul 23, 2026$62.64$65.43$61.97$63.50
Jul 22, 2026$62.94$65.08$62.62$65.00

FCX Frequently Asked Questions

What chart pattern is FCX forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a bullish pennant on Freeport-Mcmoran (FCX) on the daily chart, with a measured-move target of $75.53.
Is a bullish pennant bullish or bearish?
The bullish pennant detected on FCX is a bullish pattern, projecting a measured-move target of $75.53. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a bullish pennant pattern, and what is its win rate?
Across TradingPal's backtest of the bullish pennant family (2,605 trades over 631 symbols), it resolved in the expected direction 57.4% of the time with an average of +0.99R. These are historical statistics, not a prediction.
What are the support and resistance levels for FCX?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), FCX's nearest support is around $57.97 and nearest resistance around $67.84.
What is the price target if FCX's pattern breaks out?
The detected bullish pennant has a geometry-based measured-move target of $75.53 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was FCX's closing price on Aug 4, 2026?
Freeport-Mcmoran (FCX) last closed at $67.30 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.