SOUTHERN COPPER CORP (SCCO) Technical Analysis
NYSE:SCCO • US84265V1052
Current stock price
SCCO Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to SCCO. Although SCCO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month SCCO has a been trading in the 152.29 - 223.88 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- 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 has an average volume of 2276570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- SCCO is part of the Metals & Mining industry. There are 157 other stocks in this industry, SCCO did better than 60% of them.
- SCCO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SCCO is lagging the market slightly.
SCCO Weekly and Daily overview Charts
SCCO Setup Rating and Analysis
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
SCCO Support and Resistance Analysis
150.89
2 important support areas can be observed.
- A support zone ranging from 158.69 to 159.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @152.41 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 176.19 to 179.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @215.44 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for SCCO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SCCO is down. |
| ChartMill Relative Strength | 89.76 | POSITIVE | SCCO has a high relative strength, it outperformed 89.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SCCO is below a declining 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) | 33.32 | NEUTRAL | The RSI value for SCCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.84 | NEGATIVE | The MACD value suggests SCCO has a negative trend. |
| Stochastics (14,3) | 7.84 | OVERSOLD | The low Stochastics value suggests SCCO may be oversold. |
| Average True Range in percent/ATR (20) | 6.72 | HIGH VOLATILITY | The high ATR as a percentage value for SCCO suggests high volalility. |
| Average Directional Index/ADX (14) | 26.53 | POSITIVE | The high ADX value value for SCCO suggests a strong trend. |
SCCO Chart- and CandleStick Pattern Analysis
SCCO Technicals: Chart, Performance Metrics, Trend & Indicators
159.81
-6.91 (-4.14%)
SOUTHERN COPPER CORP / SCCO TA FAQ
What is the technical rating for SCCO stock?
ChartMill assigns a technical rating of 4 / 10 to SCCO.
What is the trend direction for SCCO stock?
The current trend direction for SOUTHERN COPPER CORP (SCCO) is Bearish.
What is the RSI signal for SOUTHERN COPPER CORP (SCCO) stock?
SOUTHERN COPPER CORP (SCCO) has an RSI value of 33.3237. This indicates that the stock is currently neutral.
What is the MACD signal for SCCO stock?
The MACD indicator for SOUTHERN COPPER CORP (SCCO) has a value of -4.83753, indicating a bearish trend.
What is the support and resistance level for SCCO stock?
SOUTHERN COPPER CORP (SCCO) has a support level at 159.8 and a resistance level at 176.19. Check the full technical report for our detailed analysis of SCCO support and resistance levels.