Tracking shares of Sociedad Quimica Y Minera S.A. (SQM), we have seen that the stock price has fallen -5.04% over the last month. Focusing on the past week, shares have moved -7.00%. Zooming out to the last 6 months, shares have seen a change of -14.66%. Heading back a full year, shares have moved -13.90%.
When dealing with the stock market, investors have to be constantly on their toes. Investors who have had success in the past using a certain method for stock picking may eventually realize that the method no longer produces the same results as it once did. Expecting that the market environment will change and being able to react to those changes can greatly help the investor when the time comes. While investor confidence can be a positive thing, complacency can lead to future frustration and poor portfolio performance. Seasoned investors know that no bull market will last forever just as no bear market will last forever. Being prepared for any situation can greatly help the investor navigate the market when changes do occur.
Technical traders often make a point of keeping an eye on the ATR or Average True Range of a particular equity. Currently, Sociedad Quimica Y Minera S.A. (SQM) has a 14-day ATR of 1.47. The Average True Range is an investor tool used to measure stock volatility. The ATR is not used to figure out price direction, just to measure volatility. The ATR is an indicator developed by J. Welles Wilder. Wilder has developed multiple indicators that are still quite popular in today’s investing landscape. The general interpretation of the ATR is the higher the ATR value, the higher the volatility.
Sociedad Quimica Y Minera S.A. (SQM) presently has a 14-day Commodity Channel Index (CCI) of -15.50. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well.
Tracking other technical indicators, the 14-day RSI is presently standing at 46.26, the 7-day sits at 41.76, and the 3-day is resting at 23.47 for Sociedad Quimica Y Minera S.A. (SQM). The Relative Strength Index (RSI) is a highly popular technical indicator. The RSI is computed base on the speed and direction of a stock’s price movement. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The RSI value will always move between 0 and 100. One of the most popular time frames using RSI is the 14-day.
