QMMM HOLDINGS LTD-A (QMMM) Stock Technical Analysis
NASDAQ:QMMM - Nasdaq - KYG7309R1149 - Common Stock - Currency: USD
We assign a technical rating of 10 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 is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, QMMM did better than 96% of all other stocks.
QMMM is part of the Media industry. There are 97 other stocks in this industry. QMMM outperforms 95% of them.
In the last month QMMM has a been trading in the 1.35 - 2.39 range, which is quite wide. It is currently trading near the high of this range.
QMMM has an average volume of 3730000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although QMMM has an excellent technical rating, it does not present a decent entry opportunity 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
1.24
2.41
We found 1 important support area.
- Support @1.25 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.39 to 2.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 96.33 | POSITIVE | QMMM has a high relative strength, it outperformed 96.33% 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) | DOWN | MIXED | The current price of QMMM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 79.18 | OVERBOUGHT | The high RSI value suggests QMMM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests QMMM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 96.86 | OVERBOUGHT | The high Stochastics value suggests QMMM may be overbought. |
| Average True Range in percent/ATR (20) | 8.68 | HIGH VOLATILITY | The high ATR as a percentage value for QMMM suggests high volalility. |
| Average Directional Index/ADX (14) | 34.79 | POSITIVE | The high ADX value value for QMMM suggests a strong 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)
2.38
+0.05 (+2.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg2.15%
1 Week4.39%
2 Weeks30.05%
1 Month70%
3 Month230.56%
6 Month205.91%
12 Month-43.87%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%8.68%
ATR Inc-48.53%
Range Today0.14
ADR(20)0.21
ADR(20)%8.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.33
Mansfield-2.34
10 Day High2.39
10 Day Low1.74
20 Day High2.39
20 Day Low1.35
52 Week High13
52 Week Low0.54
CS1 End1.25
CR1 Start2.39
Volume & EV
DER(3)0.3%
DER(5)0.77%
Volume2.48M
Volume Incr-67.23%
Vol(5)2.19M
Vol(50)3.73M