QUIDELORTHO CORP (QDEL) Technical Analysis
NASDAQ:QDEL • US2197981051
We assign a technical rating of 0 out of 10 to QDEL. QDEL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, QDEL is a bad performer in the overall market: 92% of all stocks are doing better.
- QDEL is part of the Health Care Equipment & Supplies industry. There are 184 other stocks in this industry, of which 69% are performing better than QDEL.
- QDEL is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so QDEL is lagging the market.
- In the last month QDEL has a been trading in the 19.97 - 30.50 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- QDEL has an average volume of 1091100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of QDEL is bad and it also does not present a 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.
More info and screens
20.62
3 important resistance areas can be observed.
- Resistance @20.99 from a horizontal line in the daily time frame.
- Resistance @31.68 from a trend line in the weekly time frame.
- Resistance @33.03 from a trend line in the weekly 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 | DOWN | NEGATIVE | The short term trend for QDEL is down. |
| ChartMill Relative Strength | 8.71 | NEGATIVE | QDEL has a low relative strength, it was outperformed by 91.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QDEL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QDEL is below 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) | 31.81 | NEUTRAL | The RSI value for QDEL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests QDEL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.67 | OVERSOLD | The low Stochastics value suggests QDEL may be oversold. |
| Average True Range in percent/ATR (20) | 8.45 | HIGH VOLATILITY | The high ATR as a percentage value for QDEL suggests high volalility. |
| Average Directional Index/ADX (14) | 35.58 | POSITIVE | The high ADX value value for QDEL suggests a strong trend. |
QDEL Technicals: Chart, Performance Metrics, Trend & Indicators
20.83
-0.58 (-2.71%)
QUIDELORTHO CORP / QDEL FAQ
Can you provide the ChartMill technical rating for QUIDELORTHO CORP?
ChartMill assigns a technical rating of 0 / 10 to QDEL.
What is the trend direction for QDEL stock?
The current trend direction for QUIDELORTHO CORP (QDEL) is Bearish.
What is the RSI signal for QDEL stock?
QUIDELORTHO CORP (QDEL) has an RSI value of 31.8052. This indicates that the stock is currently neutral.
What is the MACD signal for QUIDELORTHO CORP (QDEL) stock?
The MACD indicator for QUIDELORTHO CORP (QDEL) has a value of -0.0795913, indicating a bearish trend.
What is the support and resistance level for QDEL stock?
QUIDELORTHO CORP (QDEL) has a resistance level at 20.99. Check the full technical report for our detailed analysis of QDEL support and resistance levels.