QUIPT HOME MEDICAL CORP (QIPT) Stock Technical Analysis
USA - NASDAQ:QIPT - CA74880P1045 - Common Stock
Overall QIPT gets a technical rating of 9 out of 10. Both in the recent history as in the last year, QIPT has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, QIPT also presents a decent setup pattern. 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 2.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.58, a Stop Loss order could be placed below this zone. 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.
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We found 2 important support areas.
- Support @2.58 from a horizontal line in the daily time frame.
- Support @2.30 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.70 to 2.75. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for QIPT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QIPT is up. |
| ChartMill Relative Strength | 82.17 | POSITIVE | QIPT has a high relative strength, it outperformed 82.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QIPT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QIPT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of QIPT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.29 | NEUTRAL | The RSI value for QIPT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests QIPT has a negative trend. |
| Stochastics (14,3) | 72.46 | NEUTRAL | The Stochastics value for QIPT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for QIPT suggests some volalility. |
| Average Directional Index/ADX (14) | 23.62 | NEUTRAL | The ADX value for QIPT suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.76 | 2.57 | 0.19 (6.88%) | 14.53% |
| An entry @2.76. This is a Buy Stop order right above the resistance zone. | An exit @2.57. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.19 points, which is 6.88%. | When investing 14.53% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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