SOUTHERN COPPER CORP (SCCO) Stock Technical Analysis
NYSE:SCCO - New York Stock Exchange, Inc. - US84265V1052 - Common Stock - Currency: USD
Taking everything into account, SCCO scores 2 out of 10 in our technical rating. SCCO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
70% of all other stocks performed better in the past year than SCCO.
SCCO is one of the lesser performing stocks in the Metals & Mining industry. 62% of 154 stocks in the same industry do better.
SCCO has an average volume of 1495050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SCCO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SCCO is lagging the market slightly.
In the last month SCCO has a been trading in the 86.25 - 94.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
SCCO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 93.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 91.89, a Stop Loss order could be placed below this zone.
More info and screens
76.34
107.21
When analyzing the support we can see 4 important areas.
- A support zone ranging from 89.38 to 91.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @87.46 from a horizontal line in the daily time frame.
- Support @78.54 from a trend line in the weekly time frame.
- Support @77.11 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 93.38 to 94.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 98.53 to 102.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @106.15 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 | DOWN | NEGATIVE | The long term trend for SCCO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SCCO is neutral. |
| ChartMill Relative Strength | 30.27 | NEUTRAL | SCCO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SCCO is above a declining 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) | DOWN | NEGATIVE | The current price of SCCO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.78 | NEUTRAL | The RSI value for SCCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests SCCO has a positive trend. |
| Stochastics (14,3) | 60.97 | NEUTRAL | The Stochastics value for SCCO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for SCCO suggests some volalility. |
| Average Directional Index/ADX (14) | 10.3 | NEGATIVE | The low ADX value for SCCO suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
92.34
+1.92 (+2.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.12%
1 Week1.71%
2 Weeks3.31%
1 Month-1.08%
3 Month0.38%
6 Month-5.84%
12 Month-19.12%
2 Year43.77%
3 Year55.39%
5 Year164.46%
10 Year219.78%
15 Year225.63%
Volatility
ATR(14)2.45
ATR(20)%2.7%
ATR Inc12.13%
Range Today3.5
ADR(20)2.09
ADR(20)%2.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.27
Mansfield-0.8
10 Day High94.2
10 Day Low88.54
20 Day High94.33
20 Day Low86.25
52 Week High119.97
52 Week Low74.1
CS1 End91.89
CR1 Start93.38
Volume & EV
DER(3)0.2%
DER(5)1.77%
Volume1.07M
Volume Incr-19.43%
Vol(5)926.50K
Vol(50)1.50M