While this happened, JP Morgan downgraded its Sociedad Quimica Y Minera de Chile S.A. ADR [SQM] rating to a Neutral from a an Overweight in a research note published on October 11, 2024; the price target was decreased to $44 from $55. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “a Buy”. Berenberg began covering SQM with “Hold” recommendation on July 31, 2024. Jefferies revised its rating on April 08, 2024. It rated SQM as “a Buy” which previously was an “a Hold”.
Price Performance Review of SQM
On Monday, Sociedad Quimica Y Minera de Chile S.A. ADR [NYSE:SQM] saw its stock fall -3.02% to $34.72. Over the last five days, the stock has gained 1.28%. Sociedad Quimica Y Minera de Chile S.A. ADR shares have fallen nearly -4.51% since the year began. Nevertheless, the stocks have fallen -19.76% over the past one year. While a 52-week high of $50.73 was reached on 03/19/25, a 52-week low of $31.27 was recorded on 04/09/25. SMA at 50 days reached $39.07, while 200 days put it at $38.75.
Levels Of Support And Resistance For SQM Stock
The 24-hour chart illustrates a support level at 34.07, which if violated will result in even more drops to 33.43. On the upside, there is a resistance level at 35.76. A further resistance level may holdings at 36.81. The Relative Strength Index (RSI) on the 14-day chart is 41.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.39%. Stochastics %K at 66.51% indicates the stock is a holding.
How much short interest is there in Sociedad Quimica Y Minera de Chile S.A. ADR?
A steep rise in short interest was recorded in Sociedad Quimica Y Minera de Chile S.A. ADR stocks on 2025-04-15, growing by 0.9 million shares to a total of 7.7 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 6.81 million shares. There was a rise of 11.64%, which implies that there is a positive sentiment for the stock.
