QUIDELORTHO CORP (QDEL) Stock Technical Analysis
NASDAQ:QDEL - Nasdaq - US2197981051 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to QDEL. QDEL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, QDEL is a bad performer in the overall market: 87% of all stocks are doing better.
QDEL is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry, of which 65% are performing better than QDEL.
QDEL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so QDEL is lagging the market.
QDEL has an average volume of 1600860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month QDEL has a been trading in the 25.65 - 38.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, QDEL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
27.59
46.81
We found 2 important support areas.
- A support zone ranging from 29.58 to 29.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.87 from a trend line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 31.23 to 31.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 35.33 to 35.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @36.51 from a horizontal line in the daily time frame.
- Resistance @46.35 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for QDEL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QDEL is neutral. |
| ChartMill Relative Strength | 13.46 | NEGATIVE | QDEL has a low relative strength, it was outperformed by 86.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of QDEL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of QDEL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of QDEL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.49 | NEUTRAL | The RSI value for QDEL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests QDEL has a negative trend. |
| Stochastics (14,3) | 20.27 | NEUTRAL | The Stochastics value for QDEL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.94 | HIGH VOLATILITY | The high ATR as a percentage value for QDEL suggests high volalility. |
| Average Directional Index/ADX (14) | 17.04 | NEGATIVE | The low ADX value for QDEL suggests a weak or negative 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)
30.67
-0.08 (-0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.26%
1 Week1.62%
2 Weeks-7.15%
1 Month10.01%
3 Month-23.31%
6 Month-25.2%
12 Month-30.6%
2 Year-63.98%
3 Year-67.73%
5 Year-82.47%
10 Year41.53%
15 Year162.14%
Volatility
ATR(14)1.65
ATR(20)%6.94%
ATR Inc-50.2%
Range Today0.63
ADR(20)1.85
ADR(20)%6.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.46
Mansfield-2.32
10 Day High33.6
10 Day Low29.22
20 Day High38.99
20 Day Low25.65
52 Week High49.45
52 Week Low23.77
CS1 End29.74
CR1 Start31.23
Volume & EV
DER(3)-0.49%
DER(5)-0.32%
Volume1.32M
Volume Incr-31.21%
Vol(5)1.34M
Vol(50)1.60M