QBAK Technical Analysis - Qualstar Corp

Technical Rating and Analysis

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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, QBAK is a bad performer in the overall market: 96% of all stocks are doing better.

QBAK is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

Warning: QBAK has an average volume of 23854 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

In the last month QBAK has a been trading in the 1.66 - 2.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, QBAK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.98

2.05

When analyzing the resistance we notice one important 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.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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.