QMMM Technical Analysis - QMMM HOLDINGS LTD-A

Technical Rating and Analysis

Overall QMMM gets a technical rating of 9 out of 10. Both in the recent history as in the last year, QMMM has proven to be a steady performer, scoring decent points in every aspect analyzed.

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.

Both the short term and long term trends are positive. This is a very positive sign.

QMMM is part of the Media industry. There are 100 other stocks in this industry. QMMM outperforms 100% of them.

QMMM has an average volume of 4218710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, QMMM did better than 99% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

QMMM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so QMMM is lagging the market.

In the last month QMMM has a been trading in the 2.70 - 303.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

QMMM HOLDINGS LTD-A / QMMM Weekly stock chart

QMMM HOLDINGS LTD-A / QMMM Daily stock chart

Setup Rating and Analysis

QMMM has an excellent technical rating, but the quality of the setup is only medium 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

71.03

105.24

When analyzing the support we can see 2 important areas.

A support zone ranging from 82.83 to 82.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @71.75 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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 QMMM is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for QMMM is up.
ChartMill Relative Strength	99.96	POSITIVE	QMMM has a high relative strength, it outperformed 99.96% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of QMMM is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of QMMM is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of QMMM is above the rising SMA(200).
Relative Strength Index/RSI (14)	57.34	NEUTRAL	The RSI value for QMMM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	3.23	POSITIVE	The MACD value suggests QMMM has a positive trend, although the MACD value is declining.
Stochastics (14,3)	29.55	NEUTRAL	The Stochastics value for QMMM is a neutral value.
Average True Range in percent/ATR (20)	40.25	HIGH VOLATILITY	The high ATR as a percentage value for QMMM suggests high volalility.
Average Directional Index/ADX (14)	56.26	POSITIVE	The high ADX value value for QMMM suggests a strong trend.