As published in a research note from JP Morgan on October 11, 2024, Sociedad Quimica Y Minera de Chile S.A. ADR [SQM] has been rated down from an Overweight to a Neutral and the price target has been revised to $44 from $55. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of July 31, 2024, Berenberg has initiated its “Hold” rating for SQM. Earlier on April 08, 2024, Jefferies upgraded its rating. Their new recommendation was “a Buy” for SQM stock which previously was a “a Hold”.
Analyzing SQM Stock Performance
During the last five days, there has been a surge of approximately 0.17%. Over the course of the year, Sociedad Quimica Y Minera de Chile S.A. ADR shares have dropped approximately -3.93%. Shares of the company reached a 52-week high of $45.89 on 03/19/25 and a 52-week low of $31.27 on 04/09/25. A 50-day SMA is recorded $39.25, while a 200-day SMA reached $38.83.
Support And Resistance Levels for Sociedad Quimica Y Minera de Chile S.A. ADR (SQM)
According to the 24-hour chart, there is a support level at 34.30, which, if violated, would cause prices to drop to 33.67. In the upper region, resistance lies at 36.17. The next price resistance is at 37.41. RSI (Relative Strength Index) is 41.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.21, which suggests the price will decrease in the coming days. Percent R is at 58.03%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
