Sociedad Quimica y Minera de Chile SA

SQM remains in a pronounced Stage 4 decline with confirmed lower highs and lower lows beneath declining 9 / 21 EMAs, the 50DMA, and the 200DMA. Price recently broke below key support, and while extreme oversold conditions suggest potential relief rallies, medium-term structure remains bearish. Favor selling into rebounds toward the declining EMAs and major moving averages. A sustained reclaim and acceptance above these EMAs and the 50DMA would invalidate the bearish medium-term posture.

• ↑Q1 revenue up 25% YoY to $1.2B, driven by record lithium volumes
• ↑Lithium sales reached 69k metric tons, up 25% YoY
• ↓Shares trade at 25.5x P/E vs. 5-year median of 18.6x