QNRX Technical Analysis - QUOIN PHARMACEUTICALS LT-ADR

Technical Rating and Analysis

Taking everything into account, QNRX scores 7 out of 10 in our technical rating. QNRX has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.

QNRX 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.

In the last month QNRX has a been trading in the 6.77 - 41.80 range, which is quite wide. It is currently trading near the lows of this range.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

When comparing the performance of all stocks over the past year, QNRX turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.

QNRX is an average performer in the Biotechnology industry, it outperforms 55% of 536 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

QUOIN PHARMACEUTICALS LT-ADR / QNRX Weekly stock chart

QUOIN PHARMACEUTICALS LT-ADR / QNRX Daily stock chart

Setup Rating and Analysis

Although QNRX 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.98

15.22

When analyzing the support we can see 3 important areas.

A support zone ranging from 14.04 to 14.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @7.26 from a trend line in the daily time frame.
Support @7.05 from a horizontal line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for QNRX is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for QNRX is up.
ChartMill Relative Strength	61.69	NEUTRAL	QNRX is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of QNRX is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of QNRX is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of QNRX is above a declining SMA(200).
Relative Strength Index/RSI (14)	63.41	NEUTRAL	The RSI value for QNRX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.94	POSITIVE	The MACD value suggests QNRX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	27.44	NEUTRAL	The Stochastics value for QNRX is a neutral value.
Average True Range in percent/ATR (20)	19.15	HIGH VOLATILITY	The high ATR as a percentage value for QNRX suggests high volalility.
Average Directional Index/ADX (14)	40.45	POSITIVE	The high ADX value value for QNRX suggests a strong trend.