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. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, SQM did better than 96% of all other stocks.
- SQM is part of the Chemicals industry. There are 82 other stocks in this industry. SQM outperforms 98% 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 1606620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month SQM has a been trading in the 65.71 - 83.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although SQM has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
35.43
We found 4 important support areas.
- Support @75.21 from a trend line in the daily time frame.
- A support zone ranging from 68.80 to 69.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 48.39 to 48.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.79 from a horizontal line 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 | 96.13 | POSITIVE | SQM has a high relative strength, it outperformed 96.13% 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) | 63.59 | NEUTRAL | The RSI value for SQM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests SQM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.97 | 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) | 46.36 | POSITIVE | The high ADX value value for SQM suggests a strong trend. |
77.53
-2.05 (-2.58%)
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 63.5891. 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 0.322529, 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.