SOUTHERN COPPER CORP (SCCO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SCCO - US84265V1052 - Common Stock
Overall SCCO gets a technical rating of 10 out of 10. Both in the recent history as in the last year, SCCO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, SCCO did better than 94% of all other stocks. We also observe that the gains produced by SCCO over the past year are nicely spread over this period.
- SCCO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SCCO has a been trading in the 142.00 - 191.22 range, which is quite wide. It is currently trading near the high of this range.
- SCCO has an average volume of 1458510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SCCO is part of the Metals & Mining industry. There are 154 other stocks in this industry, SCCO did better than 43% of them.
- Volume is considerably higher in the last couple of days.
Although SCCO has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
110.09
When analyzing the support we can see 5 important areas.
- Support @176.40 from a horizontal line in the daily time frame.
- Support @156.50 from a trend line in the daily time frame.
- A support zone ranging from 148.06 to 148.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @142.22 from a trend line in the weekly time frame.
- Support @111.20 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SCCO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SCCO is up. |
| ChartMill Relative Strength | 94.84 | POSITIVE | SCCO has a high relative strength, it outperformed 94.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SCCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SCCO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SCCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.8 | NEUTRAL | The RSI value for SCCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.07 | POSITIVE | The MACD value suggests SCCO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.7 | NEUTRAL | The Stochastics value for SCCO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for SCCO suggests some volalility. |
| Average Directional Index/ADX (14) | 36.7 | POSITIVE | The high ADX value value for SCCO suggests a strong trend. |
184.3
+7.89 (+4.47%)
SOUTHERN COPPER CORP / SCCO FAQ
What is the technical rating for SCCO stock?
ChartMill assigns a technical rating of 10 / 10 to SCCO.
What is the trend direction for SCCO stock?
The current trend direction for SOUTHERN COPPER CORP (SCCO) is Bullish.
What is the RSI signal for SOUTHERN COPPER CORP (SCCO) stock?
SOUTHERN COPPER CORP (SCCO) has an RSI value of 69.7995. This indicates that the stock is currently neutral.
What is the MACD signal for SCCO stock?
The MACD indicator for SOUTHERN COPPER CORP (SCCO) has a value of 1.06692, indicating a bullish trend.
What is the support and resistance level for SCCO stock?
SOUTHERN COPPER CORP (SCCO) has a support level at 176.4. Check the full technical report for our detailed analysis of SCCO support and resistance levels.