SOUTHERN COPPER CORP (SCCO) Technical Analysis
NYSE:SCCO • US84265V1052
Current stock price
SCCO Technical Rating and Analysis
Taking everything into account, SCCO scores 8 out of 10 in our technical rating. In the last year, SCCO was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that SCCO is one of the better performing stocks in the market, outperforming 89% of all stocks. We also observe that the gains produced by SCCO over the past year are nicely spread over this period.
- 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 153.19 - 198.93 range, which is quite wide. It is currently trading near the high of this range.
- SCCO has an average volume of 1704470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SCCO is an average performer in the Metals & Mining industry, it outperforms 66% of 163 stocks in the same industry.
SCCO Weekly and Daily overview Charts
SCCO Setup Rating and Analysis
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
SCCO Support and Resistance Analysis
154.74
We found 2 important support areas.
- A support zone ranging from 161.32 to 162.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @156.30 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 187.45 to 196.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
SCCO Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for SCCO is neutral. |
| ChartMill Relative Strength | 89.92 | POSITIVE | SCCO has a high relative strength, it outperformed 89.92% 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) | DOWN | NEGATIVE | The current price of SCCO is below a declining 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) | 49.96 | NEUTRAL | The RSI value for SCCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.41 | POSITIVE | The MACD value suggests SCCO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.72 | NEUTRAL | The Stochastics value for SCCO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.52 | MEDIUM VOLATILITY | The ATR as a percentage value for SCCO suggests some volalility. |
| Average Directional Index/ADX (14) | 14.67 | NEGATIVE | The low ADX value for SCCO suggests a weak or negative trend. |
SCCO Chart- and CandleStick Pattern Analysis
SCCO Technicals: Chart, Performance Metrics, Trend & Indicators
183.53
-7.23 (-3.79%)
SOUTHERN COPPER CORP / SCCO TA FAQ
What is the technical rating for SCCO stock?
ChartMill assigns a technical rating of 8 / 10 to SCCO.
What is the trend direction for SCCO stock?
The current trend direction for SOUTHERN COPPER CORP (SCCO) is Bullish.
Can you provide the RSI signal for SOUTHERN COPPER CORP?
SOUTHERN COPPER CORP (SCCO) has an RSI value of 49.9637. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SOUTHERN COPPER CORP?
The short term momentum for SOUTHERN COPPER CORP (SCCO) is neutral.
What is the support and resistance level for SCCO stock?
SOUTHERN COPPER CORP (SCCO) has a support level at 162.1 and a resistance level at 187.45. Check the full technical report for our detailed analysis of SCCO support and resistance levels.