(QBT.W) Stock Technical Analysis
NYSE:QBT.W - New York Stock Exchange, Inc. -
We assign a technical rating of 8 out of 10 to QBT.W. Both in the recent history as in the last year, QBT.W has proven to be a steady performer, scoring decent points in every aspect analyzed.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that QBT.W is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
QBT.W is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so QBT.W is lagging the market.
In the last month QBT.W has a been trading in the 7.05 - 17.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although QBT.W has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
10.44
15.17
When analyzing the support we notice one important area.
- A support zone ranging from 10.55 to 10.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @15.02 from a trend 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 | UP | POSITIVE | The long term trend for QBT.W is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QBT.W is neutral. |
| ChartMill Relative Strength | 99.99 | POSITIVE | QBT.W has a high relative strength, it outperformed 99.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of QBT.W is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QBT.W is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QBT.W is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.59 | NEUTRAL | The RSI value for QBT.W is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests QBT.W has a negative trend. |
| Stochastics (14,3) | 13.24 | OVERSOLD | The low Stochastics value suggests QBT.W may be oversold. |
| Average True Range in percent/ATR (20) | 22.59 | HIGH VOLATILITY | The high ATR as a percentage value for QBT.W suggests high volalility. |
| Average Directional Index/ADX (14) | 38.19 | POSITIVE | The high ADX value value for QBT.W suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg12.03%
1 Week-18.54%
2 Weeks-12.44%
1 Month64.85%
3 Month171.72%
6 Month243.61%
12 Month9644.44%
2 Year6088.48%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.02
ATR(20)%22.59%
ATR Inc-17.07%
Range Today2.15
ADR(20)2.53
ADR(20)%21.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.99
Mansfield28.53
10 Day High15.93
10 Day Low10.32
20 Day High17.29
20 Day Low7.05
52 Week High17.29
52 Week Low0.05
CS1 End10.55
CR1 Start15.02
Volume & EV
DER(3)4.05%
DER(5)1.39%
Volume181.10K
Volume Incr18%
Vol(5)834.92K
Vol(50)466.68K