Sociedad Quimica y Minera Stock Forecast
Sociedad Quimica y Minera stock price down 2.22% on Monday
(Updated on Apr 22, 2024)
The Sociedad Quimica y Minera stock price fell by -2.22% on the last day (Monday, 22nd Apr 2024) from $44.99 to $43.99. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.09% from a day low at $42.80 to a day high of $44.98. The price has fallen in 7 of the last 10 days and is down by -11.68% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -215 thousand shares and in total, 1 million shares were bought and sold for approximately $52.84 million.
The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $44.65. A reaction back to this level may hold a second chance to get out before further falls.
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SQM Signals & Forecast
There are few to no technical positive signals at the moment. The Sociedad Quimica y Minera stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $45.89 and $48.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -14.70%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Sociedad Quimica y Minera stock
Sociedad Quimica y Minera finds support from accumulated volume at $42.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.18 between high and low, or 5.09%. For the last week, the stock has had daily average volatility of 2.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SQM) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Sociedad Quimica y Minera SA to open at $43.92, and during the day (based on 14 day Average True Range), to move between $42.10 and $45.88, which gives a possible trading interval of +/-$1.89 (+/-4.30%) up or down from last closing price. If Sociedad Quimica y Minera SA takes out the full calculated possible swing range there will be an estimated 8.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $45.65 (3.77%) than the support at $42.07 (4.36%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Sociedad Quimica y Minera SA stock A Buy?
The Sociedad Quimica y Minera stock holds several negative signals and despite the positive trend, we believe Sociedad Quimica y Minera will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.453 Sell Candidate Unchanged
Predicted Opening Price for Sociedad Quimica y Minera SA of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $43.92 ( 0.152%) | $43.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SQM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.10 | 4.80 % | |
| R2 | 45.27 | 2.91 % | ||
| R1 | 44.76 | 1.74 % | ||
| Current price: | 43.99 | |||
| Support | S1 | 43.09 | -2.04 % | |
| S2 | 42.58 | -3.21 % | ||
| S3 | 41.74 | -5.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.72 | 13.03 % | |
| R2 | 46.02 | 4.61 % | ||
| R1 | 45.65 | 3.77 % | ||
| Current price | 43.99 | |||
| Support | S1 | 42.07 | -4.36% | |
| S2 | 40.64 | -7.62% | ||
| S3 | 39.60 | -9.98% |
SQM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 17, 2023 | Dec 06, 2023 | Dec 06, 2023 | $0.503 | 1.01% |
| 2 | Oct 18, 2023 | Nov 02, 2023 | Nov 20, 2023 | $0.609 | 1.16% |
| 3 | Jun 21, 2023 | Jul 13, 2023 | Jul 31, 2023 | $0.788 | 1.07% |
| 4 | Apr 05, 2023 | May 11, 2023 | May 31, 2023 | $3.22 | 5.02% |
| 5 | Nov 23, 2022 | Dec 08, 2022 | Dec 27, 2022 | $3.08 | 3.96% |
FAQ
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