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Where Will Sociedad Quimica y Minera de Chile (SQM) Stock Go Next After It Is Higher By 12.12% in a Week?

Friday, May 20, 2022 10:57 AM | InvestorsObserver Analysts

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Where Will Sociedad Quimica y Minera de Chile (SQM) Stock Go Next After It Is Higher By 12.12% in a Week?

Sociedad Quimica y Minera de Chile (SQM) stock has gained 12.12% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Sociedad Quimica y Minera de Chile has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SQM!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With SQM Stock Today?

Sociedad Quimica y Minera de Chile (SQM) stock is lower by -1.53% while the S&P 500 is higher by 0.14% as of 10:56 AM on Friday, May 20. SQM is lower by -$1.46 from the previous closing price of $95.20 on volume of 1,014,946 shares. Over the past year the S&P 500 is lower by -5.09% while SQM is higher by 120.93%. SQM earned $2.05 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 45.69. To see InvestorsObserver's Sentiment Score for Sociedad Quimica y Minera de Chile click here.

More About Sociedad Quimica y Minera de Chile

Sociedad Quimica y Minera de Chile is a Chilean commodities producer with significant operations in lithium ( primarily used in batteries for electric vehicles and energy storage systems), specialty and standard potassium fertilizers, iodine ( primarily used in X-ray contrast media), and solar salts. The company extracts these materials through its high-quality caliche ore and salt brine deposits. SQM is also developing a hard rock lithium project in Australia. Click Here to get the full Stock Report for Sociedad Quimica y Minera de Chile stock.

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