QUIPT HOME MEDICAL CORP (QIPT) Stock Technical Analysis
NASDAQ:QIPT - Nasdaq - CA74880P1045 - Common Stock - Currency: USD
Taking everything into account, QIPT scores 1 out of 10 in our technical rating. QIPT'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.
When comparing the yearly performance of all stocks, QIPT is a bad performer in the overall market: 91% of all stocks are doing better.
QIPT is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry, of which 76% are performing better than QIPT.
QIPT 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 QIPT is lagging the market.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month QIPT has a been trading in the 1.35 - 2.24 range, which is quite wide. It is currently trading near the high of this range.
QIPT has an average volume of 1084600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is bad, QIPT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.15. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for QIPT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.71
2.89
We found 2 important support areas.
- Support @1.88 from a trend line in the daily time frame.
- Support @1.73 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @2.15 from a horizontal line in the daily time frame.
- A resistance zone ranging from 2.19 to 2.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.57 from a trend line in the weekly time frame.
- Resistance @2.86 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 QIPT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QIPT is up. |
| ChartMill Relative Strength | 9.98 | NEGATIVE | QIPT has a low relative strength, it was outperformed by 90.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of QIPT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QIPT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of QIPT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.29 | NEUTRAL | The RSI value for QIPT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests QIPT has a positive trend. |
| Stochastics (14,3) | 76.05 | NEUTRAL | The Stochastics value for QIPT is a neutral value. |
| Average True Range in percent/ATR (20) | 10.21 | HIGH VOLATILITY | The high ATR as a percentage value for QIPT suggests high volalility. |
| Average Directional Index/ADX (14) | 17.15 | NEGATIVE | The low ADX value for QIPT 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)
2
+0.07 (+3.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg3.63%
1 Week11.73%
2 Weeks14.29%
1 Month-6.54%
3 Month-22.48%
6 Month-25.65%
12 Month-37.5%
2 Year-62.55%
3 Year-56.71%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%10.21%
ATR Inc-18.19%
Range Today0.11
ADR(20)0.17
ADR(20)%8.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.98
Mansfield-2.94
10 Day High2.13
10 Day Low1.68
20 Day High2.24
20 Day Low1.35
52 Week High4.07
52 Week Low1.35
CS1 End1.88
CR1 Start2.15
Volume & EV
DER(3)4.21%
DER(5)6.32%
Volume430.60K
Volume Incr-71.88%
Vol(5)671.38K
Vol(50)1.08M