QILIAN INTERNATIONAL HOLDING (QLI) Stock Technical Analysis
NASDAQ:QLI - Nasdaq - KYG7307E1237 - Common Stock - Currency: USD
Taking everything into account, QLI scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, QLI is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, QLI did better than 93% of all other stocks.
QLI is part of the Pharmaceuticals industry. There are 193 other stocks in this industry. QLI outperforms 87% of them.
QLI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so QLI is lagging the market slightly.
In the last month QLI has a been trading in the 4.18 - 6.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, QLI also presents a decent setup pattern. 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 6.10. Right above this resistance zone may be a good entry point.
More info and screens
2.82
6.26
When analyzing the support we can see 6 important areas.
- A support zone ranging from 5.40 to 5.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.64 from a trend line in the weekly time frame.
- Support @3.39 from a trend line in the daily time frame.
- Support @3.21 from a trend line in the daily time frame.
- Support @3.11 from a trend line in the weekly time frame.
- Support @2.85 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.10 to 6.20. This zone is formed by a combination of multiple trend lines 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 QLI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QLI is up. |
| ChartMill Relative Strength | 93.62 | POSITIVE | QLI has a high relative strength, it outperformed 93.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of QLI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QLI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QLI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.26 | NEUTRAL | The RSI value for QLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests QLI has a negative trend. |
| Stochastics (14,3) | 41 | NEUTRAL | The Stochastics value for QLI is a neutral value. |
| Average True Range in percent/ATR (20) | 11.99 | HIGH VOLATILITY | The high ATR as a percentage value for QLI suggests high volalility. |
| Average Directional Index/ADX (14) | 27.23 | POSITIVE | The high ADX value value for QLI suggests a strong 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)
NASDAQ:QLI (8/9/2024, 8:09:24 PM)
5.41
-0.35 (-6.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-6.08%
1 Week-12.46%
2 Weeks-16.6%
1 Month26.7%
3 Month48.24%
6 Month97.55%
12 Month27.37%
2 Year-18.65%
3 Year-73.8%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%11.99%
ATR Inc-42.78%
Range Today0
ADR(20)0.59
ADR(20)%10.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.62
Mansfield4.09
10 Day High6.25
10 Day Low5.34
20 Day High6.69
20 Day Low4.18
52 Week High6.69
52 Week Low1.78
CS1 End5.4
CR1 Start6.1
Volume & EV
DER(3)1.52%
DER(5)-8.34%
Volume300
Volume Incr-77.09%
Vol(5)7.74K
Vol(50)41.23K