NYSE:QGEN - New York Stock Exchange, Inc. - NL0015002CX3 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to QGEN. QGEN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is only medium, QGEN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 42.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 41.90, a Stop Loss order could be placed below this zone.
36.86
We found 3 important support areas.
We can see 4 important resistance areas.
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 | NEUTRAL | NEUTRAL | The long term trend for QGEN is neutral. |
ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QGEN is neutral. |
ChartMill Relative Strength | 60.29 | NEUTRAL | QGEN is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QGEN is below a declining SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QGEN is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of QGEN is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 50.07 | NEUTRAL | The RSI value for QGEN is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests QGEN has a negative trend. |
Stochastics (14,3) | 48.9 | NEUTRAL | The Stochastics value for QGEN is a neutral value. |
Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for QGEN suggests low volalility. |
Average Directional Index/ADX (14) | 19.33 | NEGATIVE | The low ADX value for QGEN suggests a weak or negative trend. |
42.05
-0.27 (-0.64%)