IQ HEDGE EVENT-DRIVEN TRACKE (QED) Stock Technical Analysis
NYSEARCA:QED - NYSE Arca - US45409B4041 - ETF - Currency: USD
We assign a technical rating of 3 out of 10 to QED. In the past year, QED was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
QED is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: QED has an average volume of 1960 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When compared to the yearly performance of all other stocks, QED outperforms 51% of them, which is more or less in line with the market.
In the last month QED has a been trading in a tight range between 20.19 and 20.93.
Volume is considerably higher in the last couple of days.
The technical rating of QED is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
19.99
21.95
We found 1 important support area.
- A support zone ranging from 20.19 to 20.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- Strong resistance @21.16 from a horizontal line in the daily time frame.
- A resistance zone ranging from 21.69 to 21.73. This zone is formed by a combination of multiple trend lines 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 QED is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QED is up. |
| ChartMill Relative Strength | 51.83 | NEUTRAL | QED is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QED is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of QED is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of QED is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.15 | NEUTRAL | The RSI value for QED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests QED has a positive trend. |
| Stochastics (14,3) | 93.26 | OVERBOUGHT | The high Stochastics value suggests QED may be overbought. |
| Average True Range in percent/ATR (20) | 0.33 | LOW VOLATILITY | The low ATR as a percentage value for QED suggests low volalility. |
| Average Directional Index/ADX (14) | 12.67 | NEGATIVE | The low ADX value for QED 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)
NYSEARCA:QED (1/31/2023, 8:04:01 PM)
20.93
+0.12 (+0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.58%
1 Week0.38%
2 Weeks0.77%
1 Month3.57%
3 Month2.04%
6 Month-2.4%
12 Month-6.92%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%0.33%
ATR Inc87.4%
Range Today0.08
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.83
Mansfield-0.23
10 Day High20.93
10 Day Low20.7
20 Day High20.93
20 Day Low20.19
52 Week High22.67
52 Week Low20.16
CS1 End20.87
CR1 Start21.16
Volume & EV
DER(3)-0.46%
DER(5)-0.28%
Volume12.60K
Volume Incr183.75%
Vol(5)7.42K
Vol(50)1.96K