SOUTHERN COPPER CORP (SCCO) Technical Analysis
NYSE:SCCO • US84265V1052
Current stock price
SCCO Technical Rating and Analysis
Overall SCCO gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SCCO is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, SCCO did better than 92% of all other stocks. We also observe that the gains produced by SCCO over the past year are nicely spread over this period.
- SCCO is part of the Metals & Mining industry. There are 160 other stocks in this industry. SCCO outperforms 72% of them.
- 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 151.37 - 198.93 range, which is quite wide. It is currently trading near the high of this range.
- SCCO has an average volume of 1900200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
157.71
2 important support areas can be observed.
- A support zone ranging from 170.23 to 173.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 159.30 to 160.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 215.44 to 218.86. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for SCCO is up. |
| ChartMill Relative Strength | 92.52 | POSITIVE | SCCO has a high relative strength, it outperformed 92.52% 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) | 59.37 | NEUTRAL | The RSI value for SCCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.03 | POSITIVE | The MACD value suggests SCCO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.62 | OVERBOUGHT | The high Stochastics value suggests SCCO may be overbought. |
| Average True Range in percent/ATR (20) | 4.63 | MEDIUM VOLATILITY | The ATR as a percentage value for SCCO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.1 | 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
193.37
-3.01 (-1.53%)
SOUTHERN COPPER CORP / SCCO TA FAQ
What is the technical rating for SCCO stock?
ChartMill assigns a technical rating of 10 / 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 59.3721. 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 positive.
What is the support and resistance level for SCCO stock?
SOUTHERN COPPER CORP (SCCO) has a support level at 173.96 and a resistance level at 215.44. Check the full technical report for our detailed analysis of SCCO support and resistance levels.