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 8 out of 10 in our technical rating. Although SCCO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
SCCO is one of the lesser performing stocks in the Metals & Mining industry. 63% of 154 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
SCCO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SCCO is lagging the market slightly.
In the last month SCCO has a been trading in the 92.88 - 106.84 range, which is quite wide. It is currently trading near the high of this range.
SCCO has an average volume of 1304470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, SCCO turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
Volume is considerably higher in the last couple of days.
Although SCCO has an excellent technical rating, it does not present a decent entry opportunity 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
76.34
106.92
4 important support areas can be observed.
- A support zone ranging from 93.46 to 98.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @90.44 from a horizontal line in the daily time frame.
- Support @79.34 from a trend line in the weekly time frame.
- Support @77.11 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 | 61.18 | NEUTRAL | SCCO is not amongst the best or worst performers 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) | 69.01 | NEUTRAL | The RSI value for SCCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.85 | POSITIVE | The MACD value suggests SCCO has a positive trend. |
| Stochastics (14,3) | 87.4 | OVERBOUGHT | The high Stochastics value suggests SCCO may be overbought. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for SCCO suggests some volalility. |
| Average Directional Index/ADX (14) | 22.65 | NEUTRAL | The ADX value for SCCO suggests a possible start of a new 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)
105.86
-0.23 (-0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.22%
1 Week1.17%
2 Weeks11.14%
1 Month12.93%
3 Month36.39%
6 Month17.02%
12 Month-6.67%
2 Year25.86%
3 Year120.99%
5 Year151.78%
10 Year295.02%
15 Year250.37%
Volatility
ATR(14)2.95
ATR(20)%2.63%
ATR Inc14.6%
Range Today1.99
ADR(20)2.39
ADR(20)%2.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.18
Mansfield0.02
10 Day High106.84
10 Day Low92.88
20 Day High106.84
20 Day Low92.88
52 Week High118.69
52 Week Low74.1
CS1 End98.23
CR1 StartN/A
Volume & EV
DER(3)1.02%
DER(5)0.04%
Volume718.10K
Volume Incr25.43%
Vol(5)1.81M
Vol(50)1.30M