Overall QBAK gets a technical rating of 0 out of 10. QBAK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, QBAK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.01. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for QBAK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.98
We found 1 important resistance area.
- A resistance zone ranging from 2.01 to 2.03. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for QBAK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QBAK is down. |
| ChartMill Relative Strength | 4.86 | NEGATIVE | QBAK has a low relative strength, it was outperformed by 95.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QBAK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QBAK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of QBAK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40 | NEUTRAL | The RSI value for QBAK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests QBAK has a positive trend. |
| Stochastics (14,3) | 27.92 | NEUTRAL | The Stochastics value for QBAK is a neutral value. |
| Average True Range in percent/ATR (20) | 11.91 | HIGH VOLATILITY | The high ATR as a percentage value for QBAK suggests high volalility. |
NASDAQ:QBAK (4/29/2020, 8:01:06 PM)
2
+0.1 (+5.26%)
Qualstar Corp / QBAK FAQ
Can you provide the ChartMill technical rating for Qualstar Corp?
ChartMill assigns a technical rating of 0 / 10 to QBAK.
What is the trend direction for QBAK stock?
The current trend direction for Qualstar Corp (QBAK) is Bearish.
Can you provide the RSI signal for Qualstar Corp?
Qualstar Corp (QBAK) has an RSI value of 39.9954. This indicates that the stock is currently neutral.
What is the MACD signal for QBAK stock?
The MACD indicator for Qualstar Corp (QBAK) has a value of 0.0879311, indicating a bearish trend.
Can you provide the short term momentum for Qualstar Corp?
The short term momentum for Qualstar Corp (QBAK) is negative.