SCCO Price Prediction Next Week
Based on the provided data and current market conditions, here's the analysis for SCCO's price movement in the next trading week:
Technical Analysis:
The stock is showing bearish signals in the short term. The RSI at 49.75 indicates neutral momentum but trending downward. Key fibonacci levels show resistance at $99.15 and support at $94.33, with the current price at $96.50 sitting in the middle of this range.
News Sentiment Analysis: Recent news indicates several key factors affecting SCCO:
Earnings Outlook: Expected EPS of $1.06, representing an 85.96% increase year-over-year, with revenue projected at $2.85 billion showing 24.24% growth.
Industry Position: Currently ranked in the bottom 33% of industries, suggesting near-term headwinds.
Trade Policy Impact: Recent trade policy developments and potential tariff discussions could impact copper prices and SCCO's performance.
Price Target for Next Week: Based on technical indicators and news sentiment:
- Resistance Level: $99.15 (Fibonacci R1)
- Support Level: $94.33 (Fibonacci S1)
- Target Price: Expected to test support at $94.33 with potential downside to $92.84 (Fibonacci S2)
Trading Recommendation: SELL Rationale:
- Weakening technical momentum with RSI trending down
- Industry ranking showing weakness
- Price sitting below 60-day moving average of $100.08
- Multiple analysts have recently lowered price targets
The stock is likely to face selling pressure in the coming week due to broader market uncertainty and industry-specific headwinds. Traders should consider selling positions with a stop-loss above $99.15.
SCCO Similar Chart Price Prediction
The price of SCCO is predicted to go up 7.6%, based on the high correlation periods with KODK. The similarity of these two price pattern on the periods is 96.02%.
SCCO
KODK
Up: 7.6%Similarity: 96.02%
SCCO Revenue Forecast
SCCO EPS Forecast
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SCCO Analyst's Forecast
Alfonso Salazar
Scotiabank
Sell
Price Target
$54 → $52
Upside
-53.35%
Scotiabank lowered the firm's price target on Southern Copper to $52 from $54 and keeps an Underperform rating on the shares. The firm estimated the Return on Invested Capital, ROIC, for six LatAm mining companies under its coverage, the analyst tells investors. Scotiabank named Southern Copper as one of the three companies that stood out in terms of ROIC performance over a 10-year period.
Alexander Hacking
Citigroup
Strong Sell
Price Target
$99 → $100
Upside
-14.74%
Carlos De Alba
Morgan Stanley
Sell
Price Target
$97 → $100
Upside
-4.67%