QUALYS INC (QLYS) Stock Technical Analysis
NASDAQ:QLYS - Nasdaq - US74758T3032 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to QLYS. QLYS has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Besides having an excellent technical rating, QLYS also presents a decent setup pattern. Prices have been consolidating lately. 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 140.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 134.50, a Stop Loss order could be placed below this zone.
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117.39
2 important support areas can be observed.
- A support zone ranging from 134.07 to 134.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 118.58 to 120.34. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 140.62 to 142.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @145.97 from a horizontal line in the daily time frame.
- Resistance @155.39 from a horizontal 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 | UP | POSITIVE | The long term trend for QLYS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QLYS is up. |
| ChartMill Relative Strength | 61.32 | NEUTRAL | QLYS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QLYS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QLYS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QLYS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.25 | NEUTRAL | The RSI value for QLYS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests QLYS has a negative trend. |
| Stochastics (14,3) | 62.93 | NEUTRAL | The Stochastics value for QLYS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for QLYS suggests some volalility. |
| Average Directional Index/ADX (14) | 11.23 | NEGATIVE | The low ADX value for QLYS suggests a weak or negative 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 |
|---|---|---|---|
| 142.75 | 137.34 | 5.41 (3.79%) | 25.00% |
| An entry @142.75. This is a Buy Stop order right above the resistance zone. | An exit @137.34. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.41 points, which is 3.79%. | For a 0.95% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
138.78
-1.9 (-1.35%)