QUIMICA Y MINERA CHIL-SP ADR (SQM) Technical Analysis
NYSE:SQM • US8336351056
Current stock price
SQM Technical Rating and Analysis
Taking everything into account, SQM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SQM is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, SQM did better than 95% of all other stocks. We also observe that the gains produced by SQM over the past year are nicely spread over this period.
- SQM is one of the better performing stocks in the Chemicals industry, it outperforms 93% of 82 stocks in the same industry.
- SQM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SQM has a been trading in the 78.00 - 95.46 range, which is quite wide. It is currently trading near the high of this range.
- SQM has an average volume of 1321300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SQM Weekly and Daily overview Charts
SQM Setup Rating and Analysis
Besides having an excellent technical rating, SQM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 89.34, a Stop Loss order could be placed below this zone.
More info and screens
SQM Support and Resistance Analysis
55.98
We found 6 important support areas.
- A support zone ranging from 89.18 to 89.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @85.45 from a horizontal line in the daily time frame.
- A support zone ranging from 80.65 to 82.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @79.17 from a trend line in the daily time frame.
- Support @68.80 from a horizontal line in the daily time frame.
- Support @56.55 from a trend line in the weekly time frame.
SQM Technical Indicator Signal Analysis
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 | 95.57 | POSITIVE | SQM has a high relative strength, it outperformed 95.57% 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) | 62.37 | NEUTRAL | The RSI value for SQM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests SQM has a positive trend. |
| Stochastics (14,3) | 72.39 | NEUTRAL | The Stochastics value for SQM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for SQM suggests some volalility. |
| Average Directional Index/ADX (14) | 28.9 | POSITIVE | The high ADX value value for SQM suggests a strong trend. |
SQM Chart- and CandleStick Pattern Analysis
SQM Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 93.13 | 89.17 | 3.96 (4.25%) | 23.52% |
| An entry @93.13. This is a Buy Stop order right above the 10 day high. | An exit @89.17. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.96 points, which is 4.25%. | For a 1.00% total portfolio risk, you can invest 23.52% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SQM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SQM Technicals: Chart, Performance Metrics, Trend & Indicators
92.68
+0.51 (+0.55%)
QUIMICA Y MINERA CHIL-SP ADR / SQM TA FAQ
What is the technical rating for SQM stock?
ChartMill assigns a technical rating of 10 / 10 to SQM.
What is the current trend direction of QUIMICA Y MINERA CHIL-SP ADR (SQM) stock?
The current trend direction for QUIMICA Y MINERA CHIL-SP ADR (SQM) is Bullish.
What is the RSI signal for QUIMICA Y MINERA CHIL-SP ADR (SQM) stock?
QUIMICA Y MINERA CHIL-SP ADR (SQM) has an RSI value of 62.3702. This indicates that the stock is currently neutral.
What is the MACD signal for SQM stock?
The MACD indicator for QUIMICA Y MINERA CHIL-SP ADR (SQM) has a value of 0.13674, indicating a bearish trend.
Can you provide the support and resistance levels for QUIMICA Y MINERA CHIL-SP ADR?
QUIMICA Y MINERA CHIL-SP ADR (SQM) has a support level at 89.34. Check the full technical report for our detailed analysis of SQM support and resistance levels.