QMMM HOLDINGS LTD-A (QMMM) Stock Technical Analysis
USA - NASDAQ:QMMM - KYG7309R1149 - Common Stock
We assign a technical rating of 9 out of 10 to QMMM. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, QMMM is showing a nice and steady performance.
QMMM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for QMMM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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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) | 62.54 | NEUTRAL | The RSI value for QMMM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.38 | POSITIVE | The MACD value suggests QMMM has a positive trend. |
| Stochastics (14,3) | 32.96 | NEUTRAL | The Stochastics value for QMMM is a neutral value. |
| Average True Range in percent/ATR (20) | 31.84 | HIGH VOLATILITY | The high ATR as a percentage value for QMMM suggests high volalility. |
| Average Directional Index/ADX (14) | 62.69 | POSITIVE | The high ADX value value for QMMM suggests a strong 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 |
|---|---|---|---|
| 119.41 | 65.30 | 54.11 (45.31%) | 2.21% |
| An entry @119.41. This is a Buy Stop order right above the 10 day high. | An exit @65.30. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 54.11 points, which is 45.31%. | For a 1.00% total portfolio risk, you can invest 2.21% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of QMMM. Please evaluate whether better entry and exit points can be found.
- 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.
119.4
+19.4 (+19.4%)
QMMM HOLDINGS LTD-A / QMMM FAQ
Can you provide the ChartMill technical rating for QMMM HOLDINGS LTD-A?
ChartMill assigns a technical rating of 9 / 10 to QMMM.
What is the trend direction for QMMM stock?
The current trend direction for QMMM HOLDINGS LTD-A (QMMM) is Bullish.
What is the RSI signal for QMMM HOLDINGS LTD-A (QMMM) stock?
QMMM HOLDINGS LTD-A (QMMM) has an RSI value of 62.543. This indicates that the stock is currently neutral.
What is the short term momentum for QMMM HOLDINGS LTD-A (QMMM) stock?
The short term momentum for QMMM HOLDINGS LTD-A (QMMM) is positive.