SCCO NEWS why is Southern Copper Corporation price falling or rising

SCCO NEWS reasons for why stock price of Southern Copper Corporation is falling or rising

SCCO Southern Copper is falling or rising technical reasons

Technical analysis forecast for Southern Copper Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Southern Copper SCCO at this time. Stock is falling and might fall more.

It appears as if Southern Copper SCCO gave a large move recently.

Stock of Southern Copper (SCCO) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Southern Copper is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 103.8 as stoploss in an intra day buy trade for a target of 108.66. However, stock will show a bearish move below 103.8.

SCCO Southern Copper is falling or rising NEWS fundamental reasons

More announcements and NEWS

SCCO Southern Copper Corporation current price & indicator signals

Moving Averages for Southern Copper Corporation

  • 5Day Average: 104.91
  • 12Day Average: 108.07
  • 20Day Average: 110.6
  • 50Day Average: 112.1
  • 100Day Average: 110.81
  • 150Day Average: 101.22
  • 200Day Average: 94.71

SCCO Indicators & signals

Indicator MACD (12,26,9)

107.28, 109.32, -1.25
Indicator MACD is in negative zone

Indicator ADX (14)

36.71, 14.79, 31.95
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 42
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SCCO Southern Copper Corporation are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Jul 2024 105.42 104.18 to 106.17 1.04% 0.61 times
25 Thu Jul 2024 104.34 101.45 to 105.20 0.15% 1.24 times
24 Wed Jul 2024 104.18 103.74 to 106.86 -1.43% 0.76 times
23 Tue Jul 2024 105.69 101.62 to 105.78 0.75% 1.16 times
22 Mon Jul 2024 104.90 103.53 to 105.72 0.58% 1.24 times
19 Fri Jul 2024 104.30 102.86 to 106.75 0.31% 1.14 times
18 Thu Jul 2024 103.98 103.53 to 109.50 -5.38% 1.45 times
17 Wed Jul 2024 109.89 109.45 to 111.58 -1.71% 0.75 times
16 Tue Jul 2024 111.80 108.63 to 112.09 -0.69% 0.94 times
15 Mon Jul 2024 112.58 111.07 to 114.69 -2.27% 0.67 times
12 Fri Jul 2024 115.20 113.61 to 116.33 0.53% 0.63 times
11 Thu Jul 2024 114.59 113.36 to 117.38 -1.5% 0.85 times

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SCCO NEWS why is Southern Copper Corporation price falling or rising

 

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