IQ HEDGE MARKET NEUT TRACK (QMN) Stock Technical Analysis
USA - NYSEARCA:QMN - US45409B5030 - ETF
Taking everything into account, QMN scores 2 out of 10 in our technical rating. QMN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
QMN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
24.15
We found 1 important support area.
- A support zone ranging from 24.39 to 24.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 24.84 to 25.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 25.71 to 25.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 27.13 to 27.49. 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 | DOWN | NEGATIVE | The long term trend for QMN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QMN is down. |
| ChartMill Relative Strength | 46.61 | NEUTRAL | QMN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QMN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QMN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of QMN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.72 | NEUTRAL | The RSI value for QMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests QMN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.25 | NEUTRAL | The Stochastics value for QMN is a neutral value. |
| Average True Range in percent/ATR (20) | 0.16 | LOW VOLATILITY | The low ATR as a percentage value for QMN suggests low volalility. |
| Average Directional Index/ADX (14) | 16.56 | NEGATIVE | The low ADX value for QMN suggests a weak or negative trend. |
NYSEARCA:QMN (1/31/2023, 8:04:01 PM)
24.84
+0.02 (+0.09%)
IQ HEDGE MARKET NEUT TRACK / QMN FAQ
What is the ChartMill technical rating of IQ HEDGE MARKET NEUT TRACK (QMN) stock?
ChartMill assigns a technical rating of 2 / 10 to QMN.
What is the current trend direction of IQ HEDGE MARKET NEUT TRACK (QMN) stock?
The current trend direction for IQ HEDGE MARKET NEUT TRACK (QMN) is Bearish.
Can you provide the RSI signal for IQ HEDGE MARKET NEUT TRACK?
IQ HEDGE MARKET NEUT TRACK (QMN) has an RSI value of 46.7207. This indicates that the stock is currently neutral.
Can you provide the short term momentum for IQ HEDGE MARKET NEUT TRACK?
The short term momentum for IQ HEDGE MARKET NEUT TRACK (QMN) is negative.
Can you provide the support and resistance levels for IQ HEDGE MARKET NEUT TRACK?
IQ HEDGE MARKET NEUT TRACK (QMN) has a support level at 24.76 and a resistance level at 24.84. Check the full technical report for our detailed analysis of QMN support and resistance levels.