SOUTHERN COPPER CORP (SCCO) Stock Technical Analysis
USA - NYSE:SCCO - US84265V1052 - Common Stock
Overall SCCO gets a technical rating of 9 out of 10. Both in the recent history as in the last year, SCCO has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, SCCO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
75.58
6 important support areas can be observed.
- A support zone ranging from 133.05 to 133.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @126.91 from a horizontal line in the daily time frame.
- Support @103.94 from a trend line in the daily time frame.
- Support @102.20 from a trend line in the weekly time frame.
- Support @89.52 from a horizontal line in the daily 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 | 89.9 | POSITIVE | SCCO has a high relative strength, it outperformed 89.9% 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) | 57.78 | NEUTRAL | The RSI value for SCCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.66 | NEGATIVE | The MACD value suggests SCCO has a negative trend. |
| Stochastics (14,3) | 58.01 | NEUTRAL | The Stochastics value for SCCO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for SCCO suggests some volalility. |
| Average Directional Index/ADX (14) | 29.77 | POSITIVE | The high ADX value value for SCCO suggests a strong 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 |
|---|---|---|---|
| 137.09 | 133.04 | 4.05 (2.95%) | 25.00% |
| An entry @137.09. This is a Buy Stop order right above the 10 day moving average. | An exit @133.04. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.05 points, which is 2.95%. | For a 0.74% 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.
136.61
-0.63 (-0.46%)
SOUTHERN COPPER CORP / SCCO FAQ
What is the technical rating for SCCO stock?
ChartMill assigns a technical rating of 9 / 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 57.7827. 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 -0.658233, 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 133.88. Check the full technical report for our detailed analysis of SCCO support and resistance levels.