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Takip Edin: @UscMarketsSCCO Stock Forecast & Southern Copper Corporation Chart Analysis
This article provides a detailed analysis of SCCO-Southern Copper Corporation stock including a forecast for SCCO shares. It features Southern Copper Corporation technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
SCCO Historical Data Review
SCCO Current Price Performance Analysis
The Southern Copper Corporation - SCCO stock traded on the American stock market, on 06-05-2024, closed at 111.85$ with a %1.52 increased compared to the previous day.
In the last month, the price of SCCO changed by %-5.24 decreased in value, from 118.04 dollars on 05-06-2024 to 111.85 dollars, decreased.
Last year, the price of SCCO was 71.35 dollars on 06-06-2023, and changed by %56.76 increased in value, to 111.85 dollars increased within a year.
The price of Southern Copper Corporation stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
SCCO with AI Stock Forecast & Price Target
On the SCCO chart Southern Copper Corporation price was recorded as 111.85 Dollars on 06/05/2024.
The artificial intelligence's forecast on SCCO stock is as follows.
The artificial intelligence's prediction error margin for SCCO stock is moderately high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Southern Copper Corporation stock over the next 4 months is: 119.7 Dollars.
The commentary on SCCO stock Target Price: Highest: 132.593 Dollars is predicted.
The commentary on SCCO stock Target Price: Lowest: 108.414 Dollars is predicted.
Resistance Price where Southern Copper Corporation stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-10-2024 | 132.593 |
| 09-23-2024 | 124.885 |
| 01-21-2025 | 123.805 |
Support Price where Southern Copper Corporation stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-19-2024 | 118.277 |
| 11-07-2024 | 111.977 |
| 03-27-2025 | 108.414 |
The commentary on SCCO stock: Fluctuations in the target price can be expected in the coming days.
The target price for Southern Copper Corporation stock by the end of 2024 is predicted to be 121.591 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on SCCO stock, and the 2024 target price predictions for Southern Copper Corporation are detailed above.
The technical analysis and charts for the commentary on SCCO stock are below.
SCCO Support & Resistance and Trend Analysis
SCCO stock you have reviewed the technical analysis support resistance charts regarding.
SCCO : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the SCCO review, the Southern Copper Corporation support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Southern Copper Corporation Support and Resistance Prices:
| SCCO Support Level Price | SCCO Resistance Level Price |
|---|---|
| 68.93 | 77.21 |
| 70.63 | 82.67 |
| 70.92 | 85.18 |
| 77.14 | 85.62 |
| 77.42 | 86.20 |
| 78.82 | 88.40 |
| 98.71 | 112.35 |
| 107.33 | 120.37 |
| 110.91 | 125.54 |
| 114.21 | 129.79 |
SCCO Technical Analysis: SMA, RSI, MACD
Upon reviewing the SCCO chart, buy and sell signals have been generated in the Southern Copper Corporation technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for SCCO stock are as follows:- The technical analysis for Southern Copper Corporation indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Southern Copper Corporation stock: Click here to read more predictions on KDDI Corporation stock.
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