QUANTUM CORP (QMCO) Stock Technical Analysis
NASDAQ:QMCO - Nasdaq - US7479066000 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to QMCO. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, QMCO is a bad performer in the overall market: 77% of all stocks are doing better.
QMCO is part of the Technology Hardware, Storage & Peripherals industry. There are 32 other stocks in this industry, of which 64% are performing better than QMCO.
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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
QMCO has an average volume of 2011670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month QMCO has a been trading in the 8.49 - 10.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, QMCO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 9.08, a Stop Loss order could be placed below this zone.
More info and screens
8.34
21.99
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.02 to 9.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.79 from a trend line in the daily time frame.
- Support @8.42 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @9.66 from a horizontal line in the daily time frame.
- Resistance @11.78 from a horizontal line in the weekly time frame.
- Resistance @21.77 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 | DOWN | NEGATIVE | The short term trend for QMCO is down. |
| ChartMill Relative Strength | 23.48 | NEGATIVE | QMCO has a low relative strength, it was outperformed by 76.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QMCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QMCO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of QMCO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.13 | NEUTRAL | The RSI value for QMCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests QMCO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 42.2 | NEUTRAL | The Stochastics value for QMCO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.51 | HIGH VOLATILITY | The high ATR as a percentage value for QMCO suggests high volalility. |
| Average Directional Index/ADX (14) | 8.65 | NEGATIVE | The low ADX value for QMCO suggests a weak or negative 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:QMCO (7/23/2025, 12:11:48 PM)
9.21
+0.05 (+0.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg0.55%
1 Week6.39%
2 Weeks0.99%
1 Month11.84%
3 Month-22.64%
6 Month-71.88%
12 Month14.53%
2 Year-57.59%
3 Year-75.24%
5 Year-89.47%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%6.51%
ATR Inc-30.98%
Range Today0.22
ADR(20)0.52
ADR(20)%5.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.48
Mansfield-3.73
10 Day High9.82
10 Day Low8.54
20 Day High10.04
20 Day Low8.49
52 Week High90.64
52 Week Low2.22
CS1 End9.08
CR1 Start9.17
Volume & EV
DER(3)-6.57%
DER(5)-2.24%
Volume351.46K
Volume Incr-0.15%
Vol(5)1.13M
Vol(50)2.01M