SQM Price Prediction Next Week
Analysis and Insights
Technical Analysis:
The stock price of SQM is currently trading near its Fibonacci pivot level of $43.44, with key resistance levels at $45.36 (R1) and $46.54 (R2), and support levels at $41.52 (S1) and $40.34 (S2). The Relative Strength Index (RSI) for SQM is at 59.87, indicating the stock is in a neutral zone but approaching overbought territory. The MACD indicator shows a bullish signal with a value of 1.46, suggesting upward momentum.
News Sentiment and Analyst Ratings:
Recent news indicates mixed analyst opinions on SQM. While Berenberg Bank maintained a Hold rating with a price target of $35.00, Scotiabank upgraded the stock to a Buy rating with a higher price target of $50.00. The overall analyst consensus remains a Moderate Buy, with an average price target of $46.20, reflecting positive sentiment despite short-term challenges.
Price Prediction and Recommendation:
Based on the technical indicators and analyst consensus, SQM is expected to trade between $43.75 and $46.20 in the next trading week. The stock is likely to test the upper resistance level of $46.54, driven by positive sentiment and strong lithium demand.
Prediction: The stock price of SQM is expected to reach $45.50 by the end of the next trading week.
Recommendation: Buy, as the overall analyst consensus and technical indicators suggest upward momentum.
SQM Similar Chart Price Prediction
The price of SQM is predicted to go up 1.84%, based on the high correlation periods with HASI. The similarity of these two price pattern on the periods is 96.91%.
SQM
HASI
Up: 1.84%Similarity: 96.91%
SQM Revenue Forecast
SQM EPS Forecast
SQM FAQs
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SQM VS S&P500
SQM's crown jewel is its Salar de Atacama operation in Chile, which is the lowest-cost lithium deposit globally. Its capacity expansions at this resource should create long-term value.
The company's specialty fertilizer blends of potassium, nitrates, and sodium garner a premium to commodity fertilizers due to their use in high-value crops, including fruits and vegetables.
Lithium prices will remain well above the marginal cost of production through at least the remainder of the decade, leading to excess profits and return on invested capital for SQM.
SQM Analyst's Forecast
Ben Isaacson
Scotiabank
Buy
2024-11-25
Price Target
$60 → $50
Upside
+28.73%
Scotiabank lowered the firm's price target on SQM to $50 from $60 and keeps an Outperform rating on the shares. While the firm continues to see the company's offering as the best long-term value among the lithium majors in its coverage, Scotiabank reduced its price target to reflect a lower-for-longer lithium thesis, the analyst tells investors.
Corinne Blanchard
Deutsche Bank
Hold
2024-11-21
Price Target
$35 → $31
Downside
-21.78%
Lucas Ferreira
JP Morgan
Buy → Hold
2024-10-11
Price Target
$55 → $44
Upside
+3.7%
