QUIMICA Y MINERA CHIL-SP ADR (SQM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SQM - US8336351056 - ADR
Taking everything into account, SQM scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, SQM has proven to be a steady performer, scoring decent points in every aspect analyzed.
SQM has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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35.43
5 important support areas can be observed.
- Support @63.87 from a trend line in the daily time frame.
- A support zone ranging from 59.65 to 60.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @47.30 from a trend line in the weekly time frame.
- Support @41.47 from a horizontal line in the daily time frame.
- Support @35.79 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 69.19 to 69.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 | UP | POSITIVE | The short term trend for SQM is up. |
| ChartMill Relative Strength | 96.4 | POSITIVE | SQM has a high relative strength, it outperformed 96.4% 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) | 63.36 | NEUTRAL | The RSI value for SQM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests SQM has a negative trend. |
| Stochastics (14,3) | 67.02 | NEUTRAL | The Stochastics value for SQM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.23 | MEDIUM VOLATILITY | The ATR as a percentage value for SQM suggests some volalility. |
| Average Directional Index/ADX (14) | 38.58 | POSITIVE | The high ADX value value for SQM suggests a strong trend. |
68.8
-0.18 (-0.26%)
QUIMICA Y MINERA CHIL-SP ADR / SQM FAQ
What is the technical rating for SQM stock?
ChartMill assigns a technical rating of 10 / 10 to SQM.
Can you provide the trend direction for QUIMICA Y MINERA CHIL-SP ADR?
The current trend direction for QUIMICA Y MINERA CHIL-SP ADR (SQM) is Bullish.
What is the RSI signal for SQM stock?
QUIMICA Y MINERA CHIL-SP ADR (SQM) has an RSI value of 63.3554. This indicates that the stock is currently neutral.
Can you provide the MACD signal for QUIMICA Y MINERA CHIL-SP ADR?
The MACD indicator for QUIMICA Y MINERA CHIL-SP ADR (SQM) has a value of -0.249569, indicating a bearish trend.
Can you provide the short term momentum for QUIMICA Y MINERA CHIL-SP ADR?
The short term momentum for QUIMICA Y MINERA CHIL-SP ADR (SQM) is positive.