We assign a technical rating of 1 out of 10 to ARQQ. ARQQ's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 84% of all other stocks performed better in the past year than ARQQ.
- ARQQ is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ARQQ has a been trading in the 21.43 - 29.20 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- ARQQ is part of the Software industry. There are 278 other stocks in this industry, ARQQ did better than 55% of them.
- Considerably lower volume is observed in the last couple of days.
The technical rating of ARQQ is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
21.34
When analyzing the support we can see 2 important areas.
- A support zone ranging from 22.64 to 22.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.56 to 21.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 25.26 to 25.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | DOWN | NEGATIVE | The long term trend for ARQQ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARQQ is down. |
| ChartMill Relative Strength | 16.14 | NEGATIVE | ARQQ has a low relative strength, it was outperformed by 83.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ARQQ is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ARQQ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ARQQ is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.9 | NEUTRAL | The RSI value for ARQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests ARQQ has a negative trend. |
| Stochastics (14,3) | 11.49 | OVERSOLD | The low Stochastics value suggests ARQQ may be oversold. |
| Average True Range in percent/ATR (20) | 8.1 | HIGH VOLATILITY | The high ATR as a percentage value for ARQQ suggests high volalility. |
| Average Directional Index/ADX (14) | 16.19 | NEGATIVE | The low ADX value for ARQQ suggests a weak or negative trend. |
23.31
+0.04 (+0.17%)
ARQIT QUANTUM INC / ARQQ FAQ
Can you provide the ChartMill technical rating for ARQIT QUANTUM INC?
ChartMill assigns a technical rating of 1 / 10 to ARQQ.
What is the trend direction for ARQQ stock?
The current trend direction for ARQIT QUANTUM INC (ARQQ) is Bearish.
What is the RSI signal for ARQQ stock?
ARQIT QUANTUM INC (ARQQ) has an RSI value of 38.9039. This indicates that the stock is currently neutral.
What is the MACD signal for ARQQ stock?
The MACD indicator for ARQIT QUANTUM INC (ARQQ) has a value of -0.171588, indicating a bearish trend.
What is the short term momentum for ARQIT QUANTUM INC (ARQQ) stock?
The short term momentum for ARQIT QUANTUM INC (ARQQ) is negative.