QLGN Technical Analysis - QUALIGEN THERAPEUTICS INC

Technical Rating and Analysis

Overall QLGN gets a technical rating of 5 out of 10. In the last year, QLGN was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.

When comparing the yearly performance of all stocks, QLGN is a bad performer in the overall market: 66% of all stocks are doing better.

In the last month QLGN has a been trading in the 3.60 - 6.48 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

QLGN has an average volume of 1976510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

QLGN is part of the Biotechnology industry. There are 534 other stocks in this industry, QLGN did better than 47% of them.

QLGN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so QLGN is lagging the market.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

QUALIGEN THERAPEUTICS INC / QLGN Weekly stock chart

QUALIGEN THERAPEUTICS INC / QLGN Daily stock chart

Setup Rating and Analysis

QLGN has an average technical rating and it also does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.59

4.50

When analyzing the support we notice one important area.

A support zone ranging from 3.63 to 3.63. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

Resistance @4.46 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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 QLGN is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for QLGN is neutral.
ChartMill Relative Strength	34.65	NEUTRAL	QLGN is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of QLGN is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of QLGN is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of QLGN is above a declining SMA(200).
Relative Strength Index/RSI (14)	47.96	NEUTRAL	The RSI value for QLGN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.22	NEGATIVE	The MACD value suggests QLGN has a negative trend, although the MACD value is rising.
Stochastics (14,3)	7.73	OVERSOLD	The low Stochastics value suggests QLGN may be oversold.
Average True Range in percent/ATR (20)	15.7	HIGH VOLATILITY	The high ATR as a percentage value for QLGN suggests high volalility.
Average Directional Index/ADX (14)	41.31	POSITIVE	The high ADX value value for QLGN suggests a strong trend.