Freeport-McMoRan Inc

FCX remains in a pronounced Stage 4 decline with sequential lower highs and an active Support Failure breaking key support. Price trades below the 9, 21, and 50 EMAs, which are sloping downward and acting as resistance, confirming a bearish medium-term bias. Distribution-heavy volume spikes on declines reinforce selling pressure, and short-term conditions favor executing now into EMA resistance despite the extreme oversold context.

• ↑Positioned to benefit from electrification and infrastructure-driven copper demand.
• ↑Management forecasts annual EBITDA of $14–$21B at $5–$7 copper prices.
• ↓Grasberg ramp-up delayed; full production may not resume until 2027.