Sociedad Quimica y Minera Stock Forecast
Green day on Tuesday for Sociedad Quimica y Minera
(Updated on Apr 23, 2024)
The Sociedad Quimica y Minera stock price gained 1.82% on the last trading day (Tuesday, 23rd Apr 2024), rising from $43.99 to $44.79. During the last trading day the stock fluctuated 4.34% from a day low at $43.39 to a day high of $45.28. The price has fallen in 7 of the last 10 days and is down by -13.15% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $53.95 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 $44.83. A reaction back to this level may hold a second chance to get out before further falls.
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SQM Signals & Forecast
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. 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 $45.44 and $48.02. 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 -13.15%. 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).
Support, Risk & Stop-loss for Sociedad Quimica y Minera stock
On the downside, the stock finds support just below today's level from accumulated volume at $42.07 and $40.64. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Sociedad Quimica y Minera finds support just below today's level at $42.07. If this is broken, then the next support from accumulated volume will be at $40.64 and $39.60.
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 $1.89 between high and low, or 4.34%. For the last week, the stock has had daily average volatility of 3.29%.
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 Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Sociedad Quimica y Minera SA to open at $44.49, and during the day (based on 14 day Average True Range), to move between $42.90 and $46.68, which gives a possible trading interval of +/-$1.89 (+/-4.22%) 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 8.44% 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 (1.92%) than the support at $42.07 (6.07%), 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: -4.023 Sell Candidate Unchanged
Predicted Opening Price for Sociedad Quimica y Minera SA of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$44.49 ( 0.681%) | $44.79 |
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 | 46.37 | 3.53 % | |
R2 | 45.65 | 1.92 % | ||
R1 | 45.21 | 0.93 % | ||
Current price: | 44.79 | |||
Support | S1 | 43.76 | -2.29 % | |
S2 | 43.32 | -3.28 % | ||
S3 | 42.60 | -4.89 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 49.72 | 11.01 % | |
R2 | 46.02 | 2.75 % | ||
R1 | 45.65 | 1.92 % | ||
Current price | 44.79 | |||
Support | S1 | 42.07 | -6.07% | |
S2 | 40.64 | -9.27% | ||
S3 | 39.60 | -11.59% |
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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