QUIMICA Y MINERA CHIL-SP ADR (SQM) Stock Technical Analysis
USA - NYSE:SQM - US8336351056 - ADR
44.64 USD
+1.29 (+2.98%)
44.78 USD
+0.14 (+0.31%)
Taking everything into account, SQM scores 6 out of 10 in our technical rating. Although SQM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
SQM is part of the Chemicals industry. There are 83 other stocks in this industry. SQM outperforms 84% of them.
SQM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SQM is lagging the market slightly.
SQM has an average volume of 1401730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SQM is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month SQM has a been trading in the 40.58 - 47.22 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, SQM does present a nice setup opportunity. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
35.69
47.42
When analyzing the support we can see 3 important areas.
- A support zone ranging from 43.43 to 43.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 40.76 to 40.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.05 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 45.08 to 45.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 46.38 to 46.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SQM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SQM is neutral. |
| ChartMill Relative Strength | 77.91 | POSITIVE | SQM has a high relative strength, it outperformed 77.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SQM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SQM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SQM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.52 | NEUTRAL | The RSI value for SQM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SQM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.24 | NEUTRAL | The Stochastics value for SQM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.14 | MEDIUM VOLATILITY | The ATR as a percentage value for SQM suggests some volalility. |
| Average Directional Index/ADX (14) | 14.01 | NEGATIVE | The low ADX value for SQM suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
44.64
+1.29 (+2.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg2.98%
1 Week2.88%
2 Weeks3.86%
1 Month2.27%
3 Month15.41%
6 Month27.84%
12 Month14.17%
2 Year-7.77%
3 Year-52.35%
5 Year20.62%
10 Year130.34%
15 Year-13.82%
Volatility
ATR(14)2.08
ATR(20)%4.14%
ATR Inc55.53%
Range Today2.95
ADR(20)1.72
ADR(20)%3.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.91
Mansfield0.46
10 Day High47.22
10 Day Low40.58
20 Day High47.22
20 Day Low40.58
52 Week High47.51
52 Week Low29.36
CS1 End43.75
CR1 Start45.08
Volume & EV
DER(3)1.45%
DER(5)0.24%
Volume1.37M
Volume Incr74.56%
Vol(5)1.88M
Vol(50)1.40M