ARQIT QUANTUM INC (ARQQ) Stock Technical Analysis
NASDAQ:ARQQ - Nasdaq - KYG0567U1278 - Common Stock - Currency: USD
Taking everything into account, ARQQ scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ARQQ is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, ARQQ did better than 99% of all other stocks.
ARQQ is one of the better performing stocks in the Software industry, it outperforms 97% of 282 stocks in the same industry.
ARQQ is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ARQQ is lagging the market slightly.
In the last month ARQQ has a been trading in the 32.32 - 46.48 range, which is quite wide. It is currently trading near the high of this range.
ARQQ has an average volume of 1209900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Besides having an excellent technical rating, ARQQ also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 38.75, a Stop Loss order could be placed below this zone.
More info and screens
33.38
43.13
We found 3 important support areas.
- A support zone ranging from 37.71 to 38.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @34.68 from a horizontal line in the daily time frame.
- Support @33.72 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @42.70 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ARQQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARQQ is up. |
| ChartMill Relative Strength | 99.02 | POSITIVE | ARQQ has a high relative strength, it outperformed 99.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARQQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARQQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARQQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.9 | NEUTRAL | The RSI value for ARQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ARQQ has a positive trend. |
| Stochastics (14,3) | 85.56 | OVERBOUGHT | The high Stochastics value suggests ARQQ may be overbought. |
| Average True Range in percent/ATR (20) | 10.07 | HIGH VOLATILITY | The high ATR as a percentage value for ARQQ suggests high volalility. |
| Average Directional Index/ADX (14) | 39.81 | POSITIVE | The high ADX value value for ARQQ suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 42.71 | 37.70 | 5.01 (11.73%) | 8.52% |
| An entry @42.71. This is a Buy Stop order right above the resistance zone. | An exit @37.70. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.01 points, which is 11.73%. | When investing 8.52% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ARQQ. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
42.36
+0.26 (+0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.62%
1 Week22.15%
2 Weeks20.75%
1 Month11.56%
3 Month183.34%
6 Month58.24%
12 Month337.04%
2 Year44.82%
3 Year-68.91%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.78
ATR(20)%10.07%
ATR Inc4.22%
Range Today5.4
ADR(20)3.95
ADR(20)%9.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.02
Mansfield12.17
10 Day High46.48
10 Day Low32.32
20 Day High46.48
20 Day Low32.32
52 Week High52.79
52 Week Low3.72
CS1 End38.75
CR1 Start42.7
Volume & EV
DER(3)-0.35%
DER(5)2.24%
Volume1.34M
Volume Incr-22.09%
Vol(5)1.01M
Vol(50)1.21M