Sociedad Quimica y Minera de Chile SA

SQM has decisively broken key support and rolled beneath the short-term EMAs and the 200-day SMA, confirming sellers are in control across all horizons. The medium-term bias remains bearish under a Stage 4 downtrend, and short-term conditions are bearish with price extended below the EMAs and oversold momentum. We execute a sell now at the former support-turned-resistance zone around $75.25–$76.40, participating in downside continuation.

• ↑Q1 lithium sales hit 69,000 tons, up 25% YoY.
• ↑Realized lithium price climbed to $18/kg from $10/kg.
• ↓Negative earnings yield and poor analyst revisions reflect skepticism.