QUANTUM BIOPHARMA LTD (QNTM) Stock Technical Analysis
USA - NASDAQ:QNTM - CA74764Y2050 - Common Stock
Taking everything into account, QNTM scores 3 out of 10 in our technical rating. Although QNTM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, QNTM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
13.75
We found 1 important support area.
- Support @13.89 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- Resistance @14.31 from a trend line in the daily time frame.
- A resistance zone ranging from 14.66 to 14.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 16.35 to 16.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @20.11 from a trend line in the weekly time frame.
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 QNTM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QNTM is down. |
| ChartMill Relative Strength | 91.85 | POSITIVE | QNTM has a high relative strength, it outperformed 91.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QNTM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QNTM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QNTM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.77 | NEUTRAL | The RSI value for QNTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests QNTM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.33 | OVERSOLD | The low Stochastics value suggests QNTM may be oversold. |
| Average True Range in percent/ATR (20) | 9.62 | HIGH VOLATILITY | The high ATR as a percentage value for QNTM suggests high volalility. |
| Average Directional Index/ADX (14) | 11.34 | NEGATIVE | The low ADX value for QNTM suggests a weak or negative trend. |
13.9
-0.54 (-3.74%)
QUANTUM BIOPHARMA LTD / QNTM FAQ
Can you provide the ChartMill technical rating for QUANTUM BIOPHARMA LTD?
ChartMill assigns a technical rating of 3 / 10 to QNTM.
What is the trend direction for QNTM stock?
The current trend direction for QUANTUM BIOPHARMA LTD (QNTM) is Bearish.
What is the RSI signal for QNTM stock?
QUANTUM BIOPHARMA LTD (QNTM) has an RSI value of 39.7662. This indicates that the stock is currently neutral.
What is the short term momentum for QUANTUM BIOPHARMA LTD (QNTM) stock?
The short term momentum for QUANTUM BIOPHARMA LTD (QNTM) is negative.
What is the buy/sell signal for QUANTUM BIOPHARMA LTD (QNTM) stock?
The buy/sell signal for QUANTUM BIOPHARMA LTD (QNTM) is sell as both the short term and long term trends are negative.