Overall ARQQ gets a technical rating of 1 out of 10. ARQQ has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, ARQQ does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
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23.07
When analyzing the support we can see 5 important areas.
- A support zone ranging from 28.97 to 29.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 25.35 to 25.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.58 from a trend line in the daily time frame.
- Support @23.78 from a horizontal line in the daily time frame.
- Support @23.30 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @31.50 from a horizontal line 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 | 63.18 | NEUTRAL | ARQQ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ARQQ is above a declining 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 | POSITIVE | The current price of ARQQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.36 | NEUTRAL | The RSI value for ARQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.8 | POSITIVE | The MACD value suggests ARQQ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.2 | NEUTRAL | The Stochastics value for ARQQ is a neutral value. |
| Average True Range in percent/ATR (20) | 8.96 | HIGH VOLATILITY | The high ATR as a percentage value for ARQQ suggests high volalility. |
| Average Directional Index/ADX (14) | 16.74 | NEGATIVE | The low ADX value for ARQQ suggests a weak or negative trend. |
29.7
+0.73 (+2.52%)
ARQIT QUANTUM INC / ARQQ FAQ
What is the technical rating for ARQQ stock?
ChartMill assigns a technical rating of 1 / 10 to ARQQ.
What is the current trend direction of ARQIT QUANTUM INC (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 47.3613. This indicates that the stock is currently neutral.
What is the short term momentum for ARQIT QUANTUM INC (ARQQ) stock?
The short term momentum for ARQIT QUANTUM INC (ARQQ) is negative.
Can you provide the support and resistance levels for ARQIT QUANTUM INC?
ARQIT QUANTUM INC (ARQQ) has a support level at 29.19 and a resistance level at 31.5. Check the full technical report for our detailed analysis of ARQQ support and resistance levels.