ARQIT QUANTUM INC -CW26 (ARQQW) Stock Technical Analysis
USA - NASDAQ:ARQQW -
Overall ARQQW gets a technical rating of 4 out of 10. Although ARQQW is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
ARQQW has an average technical rating and also the quality of the setup is only medium 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.
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0.53
We found 2 important support areas.
- Support @0.58 from a horizontal line in the weekly time frame.
- Support @0.54 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @0.62 from a trend line in the daily time frame.
- A resistance zone ranging from 0.69 to 0.70. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for ARQQW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARQQW is down. |
| ChartMill Relative Strength | 99.02 | POSITIVE | ARQQW has a high relative strength, it outperformed 99.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ARQQW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ARQQW is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ARQQW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.44 | NEUTRAL | The RSI value for ARQQW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ARQQW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.89 | OVERSOLD | The low Stochastics value suggests ARQQW may be oversold. |
| Average True Range in percent/ATR (20) | 22.43 | HIGH VOLATILITY | The high ATR as a percentage value for ARQQW suggests high volalility. |
| Average Directional Index/ADX (14) | 21.33 | NEUTRAL | The ADX value for ARQQW suggests a possible start of a new trend. |
0.6066
+0.02 (+3.69%)
ARQIT QUANTUM INC -CW26 / ARQQW FAQ
What is the ChartMill technical rating of ARQIT QUANTUM INC -CW26 (ARQQW) stock?
ChartMill assigns a technical rating of 4 / 10 to ARQQW.
Can you provide the trend direction for ARQIT QUANTUM INC -CW26?
The current trend direction for ARQIT QUANTUM INC -CW26 (ARQQW) is Bearish.
What is the RSI signal for ARQQW stock?
ARQIT QUANTUM INC -CW26 (ARQQW) has an RSI value of 45.4417. This indicates that the stock is currently neutral.
What is the MACD signal for ARQQW stock?
The MACD indicator for ARQIT QUANTUM INC -CW26 (ARQQW) has a value of -0.0198552, indicating a bearish trend.
What is the short term momentum for ARQIT QUANTUM INC -CW26 (ARQQW) stock?
The short term momentum for ARQIT QUANTUM INC -CW26 (ARQQW) is negative.