Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM) shares have experienced a recent steady downtrend, causing some concern for shareholders.

Managing the stock portfolio can be a very challenging task. To manage the portfolio successfully, it can take a lot of dedicated time, effort, and perseverance. Studying the market and being in tune with the economic landscape can help investors gain the knowledge that is needed to come out on top. Controlling emotions and consistently following a plan may be the keys to keep the investor on track. As many seasoned investors know, the stock market can be a wild ride full of many ups and downs. Being able to stay calm and focused during the rocky periods can assist the investor when making those highly important portfolio decisions.   

Moving Average 

It is important to consider the moving averages of a downtrending security.  We see here that Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM) is -2.94% away from the 20-Day Simple Moving Average.  Their 50-Day Simple Moving Average is a difference of -4.46% from current levels.  Further back, their 200-Day Simple Moving Average is -14.82% difference from today’s price.  Currently, the stock is -13.40% from its 50-Day High and 6.88% from the 50-day low. 

RSI and Recommendations

Sociedad Quimica y Minera de Chile S.A.’s RSI is 44.36.  Based on the stock’s volatility for the week, which is a statistical measure of the dispersion of returns for a given stock and represents average daily high/low percentage range of 3.27% and month of 2.78%.  Wall Street analysts have a consensus 2.30 recommendation on the stock.  

Historical Growth

Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM)’s performance this year to date is -28.34%.  The stock has performed 1.73% over the last seven days, -8.41% over the last thirty, and -9.35% over the last three months.  Over the last six months, Sociedad Quimica y Minera de Chile S.A.’s stock has been -22.50% and -29.23% for the year.