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. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SCCO is showing a nice and steady performance.
SCCO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
75.58
When analyzing the support we can see 6 important areas.
- A support zone ranging from 147.42 to 148.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 140.26 to 141.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 133.30 to 135.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @129.33 from a trend line in the daily time frame.
- Support @107.93 from a trend line in the weekly time frame.
- Support @76.34 from a horizontal 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 | 92.56 | POSITIVE | SCCO has a high relative strength, it outperformed 92.56% 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) | 65.33 | NEUTRAL | The RSI value for SCCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests SCCO has a positive trend. |
| Stochastics (14,3) | 85.17 | OVERBOUGHT | The high Stochastics value suggests SCCO may be overbought. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for SCCO suggests some volalility. |
| Average Directional Index/ADX (14) | 20.94 | NEUTRAL | The ADX value for SCCO suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 149.76 | 147.41 | 2.35 (1.57%) | 25.00% |
| An entry @149.76. This is a Buy Stop order right above the 10 day high. | An exit @147.41. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.35 points, which is 1.57%. | For a 0.39% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SCCO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
148.13
+0.11 (+0.07%)
SOUTHERN COPPER CORP / SCCO FAQ
What is the technical rating for SCCO stock?
ChartMill assigns a technical rating of 10 / 10 to SCCO.
Can you provide the trend direction for SOUTHERN COPPER CORP?
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 65.3266. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SOUTHERN COPPER CORP?
The MACD indicator for SOUTHERN COPPER CORP (SCCO) has a value of 0.452165, indicating a bearish trend.
Can you provide the support and resistance levels for SOUTHERN COPPER CORP?
SOUTHERN COPPER CORP (SCCO) has a support level at 148.12. Check the full technical report for our detailed analysis of SCCO support and resistance levels.