SOUTHERN COPPER CORP (SCCO) Stock Technical Analysis
NYSE:SCCO - US84265V1052 - Common Stock
102.98 USD
+2.16 (+2.14%)
102.98 USD
0 (0%)
Overall SCCO gets a technical rating of 6 out of 10. SCCO has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
SCCO is one of the lesser performing stocks in the Metals & Mining industry. 69% of 156 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month SCCO has a been trading in the 92.56 - 103.65 range, which is quite wide. It is currently trading near the high of this range.
SCCO has an average volume of 1461860 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 63% 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SCCO has an average technical rating and it also does not offer a high quality setup 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
75.58
106.09
When analyzing the support we can see 5 important areas.
- A support zone ranging from 102.41 to 102.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 94.84 to 98.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 89.52 to 91.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @79.74 from a trend line in the weekly time frame.
- Support @76.34 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 104.82 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 | UP | POSITIVE | The short term trend for SCCO is up. |
| ChartMill Relative Strength | 63.49 | 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) | 64.65 | NEUTRAL | The RSI value for SCCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.74 | POSITIVE | The MACD value suggests SCCO has a positive trend. |
| Stochastics (14,3) | 92.3 | OVERBOUGHT | The high Stochastics value suggests SCCO may be overbought. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for SCCO suggests some volalility. |
| Average Directional Index/ADX (14) | 10.95 | 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)
102.98
+2.16 (+2.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.14%
1 Week6.47%
2 Weeks9.87%
1 Month6.67%
3 Month8.75%
6 Month15.49%
12 Month13.09%
2 Year43.62%
3 Year141.14%
5 Year138.85%
10 Year304.67%
15 Year207.88%
Volatility
ATR(14)2.45
ATR(20)%2.51%
ATR Inc4.23%
Range Today2.39
ADR(20)2.33
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
CRS63.49
Mansfield-0.2
10 Day High103.65
10 Day Low92.95
20 Day High103.65
20 Day Low92.57
52 Week High117.52
52 Week Low73.37
CS1 End102.74
CR1 Start104.82
Volume & EV
DER(3)-3.28%
DER(5)-0.65%
Volume1.42M
Volume Incr15.84%
Vol(5)1.18M
Vol(50)1.46M