Taking everything into account, QMCO scores 0 out of 10 in our technical rating. QMCO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, QMCO is a bad performer in the overall market: 95% of all stocks are doing better.
- QMCO is one of the lesser performing stocks in the Technology Hardware, Storage & Peripherals industry. 85% of 35 stocks in the same industry do better.
- QMCO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month QMCO has a been trading in the 6.22 - 8.23 range, which is quite wide. It is currently trading near the high of this range.
Although the technical rating is bad, QMCO does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 7.95. Right above this resistance zone may be a good entry point.
More info and screens
6.88
4 important support areas can be observed.
- A support zone ranging from 7.75 to 7.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.29 to 7.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @7.16 from a trend line in the weekly time frame.
- Support @6.95 from a horizontal line in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 7.95 to 8.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.04 from a horizontal line in the weekly time frame.
- Resistance @9.26 from a trend line in the daily time frame.
- Resistance @11.78 from a horizontal line in the weekly time frame.
- Resistance @13.65 from a horizontal line in the daily 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 QMCO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QMCO is neutral. |
| ChartMill Relative Strength | 5.26 | NEGATIVE | QMCO has a low relative strength, it was outperformed by 94.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of QMCO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of QMCO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of QMCO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.33 | NEUTRAL | The RSI value for QMCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests QMCO has a positive trend. |
| Stochastics (14,3) | 69.62 | NEUTRAL | The Stochastics value for QMCO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.82 | HIGH VOLATILITY | The high ATR as a percentage value for QMCO suggests high volalility. |
| Average Directional Index/ADX (14) | 10.95 | NEGATIVE | The low ADX value for QMCO suggests a weak or negative trend. |
7.91
+0.42 (+5.61%)
QUANTUM CORP / QMCO FAQ
Can you provide the ChartMill technical rating for QUANTUM CORP?
ChartMill assigns a technical rating of 0 / 10 to QMCO.
What is the trend direction for QMCO stock?
The current trend direction for QUANTUM CORP (QMCO) is Bearish.
What is the RSI signal for QMCO stock?
QUANTUM CORP (QMCO) has an RSI value of 53.3316. This indicates that the stock is currently neutral.
What is the short term momentum for QUANTUM CORP (QMCO) stock?
The short term momentum for QUANTUM CORP (QMCO) is neutral.
What is the support and resistance level for QMCO stock?
QUANTUM CORP (QMCO) has a support level at 7.84 and a resistance level at 7.95. Check the full technical report for our detailed analysis of QMCO support and resistance levels.