Southern Copper Technical Analysis (NYSE:SCCO)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Southern Copper stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the SCCO stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Southern Copper. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Southern Copper stock analysis.
Southern Copper Moving Average
Moving averages show the average price of SCCO stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $54.15 is above the last closing price of $53.46 and the 50 day moving average of $51.19 is below the last closing price of $53.46. The 10 and 20 day periods can predict short term moving average trends.
Southern Copper Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the SCCO stock. Southern Copper bollinger bands show that the stock price is $53.46, upper band is 55.71, lower band is 52.59, and the average is 54.15.
Southern Copper Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Southern Copper MACD indicator is below 0 indicating a bearish trend.
Southern Copper Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 51.22 is the RSI value of SCCO stock.