QNITY ELECTRONICS INC (Q) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:Q - US74743L1008 - Common Stock
Taking everything into account, Q scores 4 out of 10 in our technical rating. Q has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Q has an average technical rating and it also does not offer a high 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.
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78.02
3 important support areas can be observed.
- A support zone ranging from 85.24 to 86.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @81.65 from a horizontal line in the daily time frame.
- A support zone ranging from 78.81 to 78.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 90.32 to 91.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 Q is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for Q is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | Q has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of Q is above the rising SMA(20). |
| Relative Strength Index/RSI (14) | 61.76 | NEUTRAL | The RSI value for Q is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests Q has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 82.09 | OVERBOUGHT | The high Stochastics value suggests Q may be overbought. |
| Average True Range in percent/ATR (20) | 3.48 | MEDIUM VOLATILITY | The ATR as a percentage value for Q suggests some volalility. |
| Average Directional Index/ADX (14) | 17.21 | NEGATIVE | The low ADX value for Q suggests a weak or negative trend. |
90.31
+0.81 (+0.91%)
QNITY ELECTRONICS INC / Q FAQ
What is the ChartMill technical rating of QNITY ELECTRONICS INC (Q) stock?
ChartMill assigns a technical rating of 4 / 10 to Q.
What is the trend direction for Q stock?
The current trend direction for QNITY ELECTRONICS INC (Q) is Bullish.
Can you provide the RSI signal for QNITY ELECTRONICS INC?
QNITY ELECTRONICS INC (Q) has an RSI value of 61.7566. This indicates that the stock is currently neutral.
Can you provide the MACD signal for QNITY ELECTRONICS INC?
The MACD indicator for QNITY ELECTRONICS INC (Q) has a value of -0.0253226, indicating a bearish trend.
What is the buy/sell signal for QNITY ELECTRONICS INC (Q) stock?
The buy/sell signal for QNITY ELECTRONICS INC (Q) is buy as both the short term and long term trends are positive.