Closing Note
updated 2026-07-24 14:52 UTC

FCX — oversold signal, 19 May

short term
RSI(2)4.4
RSI(14)42.6
Close $ · flag day58.70
Off 20-day high−16.7%
Avg volume16.1M

What followed

DateClose $ 5-day avg.vs flag close
19 May58.7063.10+0.0%
20 May60.8761.84+3.7%
21 May62.3161.08+6.1%
22 May61.9960.87+5.6%
26 May64.3661.65+9.6%
27 May63.6362.63+8.4%
28 May65.8763.63+12.2%
29 May65.7164.31+11.9%
01 Jun67.0465.32+14.2%
02 Jun71.7266.79+22.2%
03 Jun70.6468.20+20.3%

The rule flags the close; the strategy's exit is the first close above the 5-day average, or six trading days, whichever comes first. Shown for research — not every flag is traded.

Research chart

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From the oversold list of 19 May. The freshest lists go out in the daily alert at 21:30 CET.