SCCO Trading Analysis - 10/23/2026 11:31 AM — TRU-SENTIMENT

News Headlines & Context

Southern Copper Corporation (SCCO) has historically been sensitive to global copper price moves and macro demand from China. Recent general knowledge context (not from embedded data) suggests the following relevant headlines:

• Copper prices pulled back amid stronger US dollar and demand concerns from manufacturing slowdown in key Asian markets.
• SCCO maintained its dividend policy with ex-dividend date of August 11, 2026, reflecting stable shareholder returns despite commodity volatility.
• Labor negotiations at major Latin American mining operations raised temporary supply disruption fears earlier in the quarter.
• Analysts have flagged elevated copper inventory levels at exchanges as a near-term bearish catalyst for miners including SCCO.
• Broader emerging market equity weakness has pressured lower-beta names like SCCO (beta 0.76) less than peers, but still contributed to recent slide.

Context: The embedded data shows a sharp drop on 2026-10-22 to $182.91 with bearish options flow, aligning with the general macro copper weakness narrative rather than a company-specific positive catalyst.

Fundamental Analysis

Based strictly on the provided FUNDAMENTALS data for SCCO:

• Trailing P/E is 30.20 and Trailing EPS is $6.70; forward P/E, PEG ratio, and forward EPS are null (not available).
• Dividend Yield is 2.17% with Dividend Rate of $4.40 and ex-dividend date 2026-08-11.
• Market Cap is $154,438,116,696.00 with Shares Outstanding of 844,344,000.00.
• 52-Week High is $220.78 and 52-Week Low is $116.67; stock currently at $182.91 is closer to low end of range.
• Beta is 0.76 (less volatile than market); Institutional Percent is only 6.21% (low institutional ownership).
• Historical Volatility is 37.03%; Average Volume is 986,000 shares.
• Revenue growth, profit margins, ROE, Debt/Equity, and Free Cash Flow are null (not provided).
• Analyst consensus, target mean price, and number of opinions are null (not provided).

Fundamentals show a profitable large-cap copper miner with moderate valuation (P/E 30.20) and low beta. The lack of margin/return data limits deep quality assessment, but low institutional ownership and stable dividend contrast with the bearish technical and options sentiment seen in embedded data.

Current Market Position

Current price per indicators is $182.91 (2026-10-22 close). From daily history, SCCO opened 2026-10-22 at $190.00, ranged $181.76–$190.75, and closed $182.91 on volume of 1,598,587 (well above 20-day avg of 749,020). Minute bars show 2026-10-21 opened $199.99 and slid to $197.49 by 09:30, then continued down to $190.69 low that day; by 2026-10-22 15:55 last bar was $182.99 with volume spike of 141,312 in final 5 min.

Intraday momentum is negative: consistent lower highs/lows across both sessions with late-session volume confirming distribution.

Technical Analysis

Price is below all SMAs (5/20/50) with bearish alignment (SMA5 < SMA20 < SMA50). RSI 30.43 indicates oversold but not yet extreme. MACD negative with histogram -0.20 confirms bearish momentum. Price is below BB lower band ($191.06), signaling expansion to downside. Within 30-day range, $182.91 sits just above 30d low of $181.76 (near bottom 5% of range).

True Sentiment Analysis (Delta 40-60 Options)

From True Sentiment options data (2026-10-23): Call Dollar Volume $53,890.00 (16.2%), Put Dollar Volume $279,660.00 (83.8%), Total $333,550.00. Sentiment is Bearish. Contracts: 44 calls vs 145 puts. Pure directional conviction strongly favors puts.

Call Volume: $53,890 (16.2%) Put Volume: $279,660 (83.8%) Total: $333,550

This aligns with technical weakness; no divergence — both price and options show bearish near-term expectations.

Key Price Levels (Observational Only)