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SQM Cup with Handle Nears 80.78 Pivot as Stage 3→4 Risk Builds

Posted on by Eben@CANSLIM Research
SQM daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research
Eben@CANSLIM Research's avatarEben@CANSLIM Research

SQM is trading at 75.66, consolidating inside a 16-week Cup with Handle base with a 29.9 percent cup depth and a 7.2 percent handle, while price sits 18.5 percent below its 52-week high and 91.3 percent above its 52-week low. The market is focused on the 80.78 pivot, where a breakout would confirm the pattern, but the 30-week moving average has flattened and price has slipped below it, placing the stock in a Stage 3 to 4 topping and early decline zone. Sentiment is constructive but unconfirmed, with a bull flag and a 6.3 percent pullback offset by distribution risk and a Trend Template score of 5 out of 8.

Technical Analysis

As of 2026-09-08 · Close $75.66

Stage Analysis

Stage 3→4 (Topping / Early Decline) — 30-week MA flattening and price breaking below it — distribution risk (30-week MA 6-week slope: 0.45%)

Detected Patterns — What the Market Is Watching

  • Cup with Handle — depth 29.9%, length 16 weeks, pivot $80.78. Base formed from 2026-05-12 (left-side high) to 2026-08-24, with the low of $65.08 set on 2026-07-16
  • Handle: formed from 2026-08-24 (high $80.78) to 2026-09-04 (low $75.0) — a 7.2% pullback
  • Bull Flag after a 23.1% run, currently 6.3% off the flag high

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