IQ HEDGE MARKET NEUT TRACK (QMN) Stock Technical Analysis
NYSEARCA:QMN - NYSE Arca - US45409B5030 - ETF - Currency: USD
We assign a technical rating of 2 out of 10 to QMN. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
QMN 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.
Warning: QMN has an average volume of 3548 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When compared to the yearly performance of all other stocks, QMN outperforms 46% of them, which is more or less in line with the market.
In the last month QMN has a been trading in a tight range between 24.46 and 24.87.
Although the technical rating is bad, QMN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
24.15
27.76
When analyzing the support we notice one important 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.
We can see 3 important resistance areas.
- 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. |
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)
NYSEARCA:QMN (1/31/2023, 8:04:01 PM)
24.84
+0.02 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.09%
1 Week-0.04%
2 Weeks0.2%
1 Month1.85%
3 Month-0.32%
6 Month-2.87%
12 Month-6.63%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%0.16%
ATR Inc-16.91%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.61
Mansfield-0.33
10 Day High24.87
10 Day Low24.8
20 Day High24.87
20 Day Low24.46
52 Week High26.64
52 Week Low24.39
CS1 End24.76
CR1 Start24.84
Volume & EV
DER(3)0.38%
DER(5)0.23%
Volume8.80K
Volume Incr-25.08%
Vol(5)2.42K
Vol(50)3.55K