The DAX managed a slight gain of 0.20%, while the FTSE 100 was underperforming after strong labor market data lifted yields. The index has lifted off lows, but remains down 0.42% on the day.
Stocks were struggling going into the Federal Reserve announcement, with markets still split on the risk of an accelerated rate path. US stock futures were moving sideways.
Asian markets initially moved higher, as energy related stocks got a boost from higher oil prices, but Hang Seng and CSI 300 lost earlier gains later in the session and closed with losses of 0.43% and 0.41%, respectively. Japan was closed for a holiday.
Tracking shares of Freeport-Mcmoran Inc (FCX), we have seen that the Chaikin Oscillator reading is currently below zero. Traders following the stock may be on the lookout for possible bearish momentum.
Making money in the stock market can be challenging, but it is not impossible. Accomplished investors typically have a well-rounded understanding of how markets function. Many successful investors have learned to be patient, disciplined, and ready to jump on any opportunity that arises. Securing higher returns on investment dollars may take some extra time and effort for those who do not have a lengthy background in the stock market. Although there are many types of investments out there, investing in stocks has traditionally provided the highest potential for returns. To realize consistent returns, investors typically have to maintain a steadfast approach and be willing to adapt to changing market environments over time.
Freeport-Mcmoran Inc (FCX) currently has a 14-day Commodity Channel Index (CCI) of -64.39. Dedicated investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.
Currently, the 14-day ADX for Freeport-Mcmoran Inc (FCX) is sitting at 15.37. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.
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Tracking other technical indicators, the 14-day RSI is presently standing at 48.98, the 7-day sits at 42.21, and the 3-day is resting at 37.17 for Freeport-Mcmoran Inc (FCX). The Relative Strength Index (RSI) is an often employed momentum oscillator that is used to measure the speed and change of stock price movements. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. This measurement is based on closing prices over a specific period of time. As a momentum oscillator, the RSI operates in a set range. This range falls on a scale between 0 and 100. If the RSI is closer to 100, this may indicate a period of stronger momentum. On the flip side, an RSI near 0 may signal weaker momentum. The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book “New Concepts in Technical Trading Systems”.
Taking a peek at some Moving Averages, the 200-day is at 13.46, the 50-day is 12.02, and the 7-day is sitting at 12.39. The moving average is a popular tool among technical stock analysts. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to help the trader figure out proper support and resistance levels for the stock.
Freeport-Mcmoran Inc (FCX)’s Williams Percent Range or 14 day Williams %R presently is at -62.25. In general, if the reading goes above -20, the stock may be considered to be overbought. Alternately, if the indicator goes under -80, this may show the stock as being oversold. The Williams %R indicator helps show the relative situation of the current price close to the period being observed.
Volatility comes with the territory when trading stocks. Individual stock prices can fluctuate dramatically, and returns can be largely varied. Because no stock is guaranteed to produce returns, there is a possibility that any stock could potentially lose value. Even though stock prices can shift from day to day, long-term investors are usually more concerned about price movements over an expanded period of time. Investors looking to minimize volatility risk may look to hold a larger number of diversified stocks in the portfolio. Even though market dips may have an impact on the entire portfolio, it is important to remember that it is just a normal part of investing in the stock market.
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