SOUTHERN COPPER CORP (SCCO) Stock Technical Analysis
NYSE:SCCO - New York Stock Exchange, Inc. - US84265V1052 - Common Stock - Currency: USD
Overall SCCO gets a technical rating of 4 out of 10. In the past year, SCCO was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
SCCO is one of the lesser performing stocks in the Metals & Mining industry. 75% of 156 stocks in the same industry do better.
In the last month SCCO has a been trading in the 87.85 - 100.14 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
SCCO has an average volume of 1598480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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 42% of all stocks.
SCCO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SCCO is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, SCCO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 92.06, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SCCO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
75.58
106.09
3 important support areas can be observed.
- A support zone ranging from 89.52 to 92.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @79.34 from a trend line in the weekly time frame.
- Support @76.34 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 95.90 to 97.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @99.83 from a horizontal line in the daily time frame.
- A resistance zone ranging from 102.74 to 105.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for SCCO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SCCO is neutral. |
| ChartMill Relative Strength | 42.04 | 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 | MIXED | The current price of SCCO is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SCCO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.32 | NEUTRAL | The RSI value for SCCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests SCCO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.56 | NEUTRAL | The Stochastics value for SCCO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for SCCO suggests some volalility. |
| Average Directional Index/ADX (14) | 13.69 | 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)
95.87
-0.78 (-0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.81%
1 Week-3.27%
2 Weeks5.64%
1 Month0.4%
3 Month6.65%
6 Month0.54%
12 Month-4.63%
2 Year24.8%
3 Year113.86%
5 Year109.28%
10 Year277.58%
15 Year232.99%
Volatility
ATR(14)3.22
ATR(20)%3.09%
ATR Inc-32.86%
Range Today1.46
ADR(20)2.6
ADR(20)%2.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.04
Mansfield-0.89
10 Day High100.14
10 Day Low91.01
20 Day High100.14
20 Day Low87.85
52 Week High117.52
52 Week Low73.37
CS1 End92.06
CR1 Start95.9
Volume & EV
DER(3)5.42%
DER(5)2.42%
Volume785.50K
Volume Incr-31.78%
Vol(5)1.03M
Vol(50)1.60M