QUIMICA Y MINERA CHIL-SP ADR (SQM) Technical Analysis
NYSE:SQM • US8336351056
Current stock price
SQM Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to SQM. 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 short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that SQM is one of the better performing stocks in the market, outperforming 90% of all stocks.
- SQM is part of the Chemicals industry. There are 83 other stocks in this industry. SQM outperforms 81% of them.
- SQM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SQM is performing more or less in line with the market.
- In the last month SQM has a been trading in the 65.65 - 81.67 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- SQM has an average volume of 1440170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
SQM Weekly and Daily overview Charts
SQM Setup Rating and Analysis
SQM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 74.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 72.27, a Stop Loss order could be placed below this zone.
More info and screens
SQM Support and Resistance Analysis
52.38
When analyzing the support we can see 4 important areas.
- A support zone ranging from 71.61 to 72.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @70.39 from a horizontal line in the weekly time frame.
- A support zone ranging from 68.80 to 68.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 52.91 to 53.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 74.78 to 76.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for SQM is neutral. |
| ChartMill Relative Strength | 90.44 | POSITIVE | SQM has a high relative strength, it outperformed 90.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SQM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SQM is below 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) | 49.81 | NEUTRAL | The RSI value for SQM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests SQM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.19 | NEUTRAL | The Stochastics value for SQM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.82 | MEDIUM VOLATILITY | The ATR as a percentage value for SQM suggests some volalility. |
| Average Directional Index/ADX (14) | 12.06 | NEGATIVE | The low ADX value for SQM suggests a weak or negative 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 |
|---|---|---|---|
| 76.43 | 71.60 | 4.83 (6.32%) | 15.82% |
| An entry @76.43. This is a Buy Stop order right above the resistance zone. | An exit @71.60. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.83 points, which is 6.32%. | For a 1.00% total portfolio risk, you can invest 15.82% 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
74.66
-0.37 (-0.49%)
QUIMICA Y MINERA CHIL-SP ADR / SQM TA FAQ
What is the technical rating for SQM stock?
ChartMill assigns a technical rating of 8 / 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 49.8142. 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 0.158451, 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 neutral.