QUALIGEN THERAPEUTICS INC (QLGN) Stock Technical Analysis
USA - NASDAQ:QLGN - US74754R3012 - Common Stock
We assign a technical rating of 3 out of 10 to QLGN. Although QLGN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of QLGN is bad and it also does not present a 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.
More info and screens
3.12
We found 1 important support area.
- A support zone ranging from 3.15 to 3.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- Resistance @3.43 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 QLGN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QLGN is neutral. |
| ChartMill Relative Strength | 86.58 | POSITIVE | QLGN has a high relative strength, it outperformed 86.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of QLGN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of QLGN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of QLGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.5 | NEUTRAL | The RSI value for QLGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests QLGN has a positive trend. |
| Stochastics (14,3) | 63.69 | NEUTRAL | The Stochastics value for QLGN is a neutral value. |
| Average True Range in percent/ATR (20) | 14.28 | HIGH VOLATILITY | The high ATR as a percentage value for QLGN suggests high volalility. |
| Average Directional Index/ADX (14) | 29.94 | POSITIVE | The high ADX value value for QLGN suggests a strong trend. |
3.21
+0.17 (+5.59%)
QUALIGEN THERAPEUTICS INC / QLGN FAQ
Can you provide the ChartMill technical rating for QUALIGEN THERAPEUTICS INC?
ChartMill assigns a technical rating of 3 / 10 to QLGN.
What is the current trend direction of QUALIGEN THERAPEUTICS INC (QLGN) stock?
The current trend direction for QUALIGEN THERAPEUTICS INC (QLGN) is Bearish.
Can you provide the RSI signal for QUALIGEN THERAPEUTICS INC?
QUALIGEN THERAPEUTICS INC (QLGN) has an RSI value of 52.497. This indicates that the stock is currently neutral.
What is the MACD signal for QLGN stock?
The MACD indicator for QUALIGEN THERAPEUTICS INC (QLGN) has a value of 0.0670635, indicating a bearish trend.
What is the support and resistance level for QLGN stock?
QUALIGEN THERAPEUTICS INC (QLGN) has a support level at 3.2 and a resistance level at 3.43. Check the full technical report for our detailed analysis of QLGN support and resistance levels.