Sociedad Quimica y Minera Stock Forecast
Sociedad Quimica y Minera stock upgraded to Buy Candidate.
(Updated on May 03, 2024)
The Sociedad Quimica y Minera stock price gained 2.10% on the last trading day (Friday, 3rd May 2024), rising from $46.70 to $47.68. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.85% from a day low at $47.59 to a day high of $48.47. The price has risen in 7 of the last 10 days and is up by 5.98% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 88 thousand more shares were traded than the day before. In total, 812 thousand shares were bought and sold for approximately $38.70 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.60% during the next 3 months and, with a 90% probability hold a price between $48.49 and $58.67 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SQM Signals & Forecast
The Sociedad Quimica y Minera stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $45.82 and $47.50. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 10.19%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Sociedad Quimica y Minera stock
Sociedad Quimica y Minera finds support from accumulated volume at $46.02 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 $0.88 between high and low, or 1.85%. For the last week, the stock has had daily average volatility of 3.45%.
Our recommended stop-loss: $45.80 (-3.94%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (SQM) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Sociedad Quimica y Minera SA to open at $47.91, and during the day (based on 14 day Average True Range), to move between $45.75 and $49.61, which gives a possible trading interval of +/-$1.93 (+/-4.06%) 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 8.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $48.13 (0.94%) than the support at $46.02 (3.48%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sociedad Quimica y Minera stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.104 Buy Candidate Upgraded
Predicted Opening Price for Sociedad Quimica y Minera SA of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $47.91 ( 0.489%) | $47.68 |
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 | 48.79 | 2.34 % | |
| R2 | 48.46 | 1.63 % | ||
| R1 | 48.25 | 1.19 % | ||
| Current price: | 47.68 | |||
| Support | S1 | 47.58 | -0.216 % | |
| S2 | 47.37 | -0.651 % | ||
| S3 | 47.03 | -1.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.43 | 7.86 % | |
| R2 | 49.72 | 4.28 % | ||
| R1 | 48.13 | 0.94 % | ||
| Current price | 47.68 | |||
| Support | S1 | 46.02 | -3.48% | |
| S2 | 45.65 | -4.26% | ||
| S3 | 43.27 | -9.25% |
SQM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | May 09, 2024 | May 28, 2024 | $0.139 | 0.291% |
| 2 | Nov 17, 2023 | Dec 06, 2023 | Dec 06, 2023 | $0.503 | 1.01% |
| 3 | Oct 18, 2023 | Nov 02, 2023 | Nov 20, 2023 | $0.609 | 1.16% |
| 4 | Jun 21, 2023 | Jul 13, 2023 | Jul 31, 2023 | $0.788 | 1.07% |
| 5 | Apr 05, 2023 | May 11, 2023 | May 31, 2023 | $3.22 | 5.02% |
FAQ
Click here for our free guide on how to buy Sociedad Quimica y Minera Stock.
