QUANTUM BIOPHARMA LTD (QNTM) Stock Technical Analysis
NASDAQ:QNTM - Nasdaq - CA74764Y2050 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to QNTM. Although QNTM is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, QNTM is a bad performer in the overall market: 100% of all stocks are doing better.
QNTM is one of the lesser performing stocks in the Pharmaceuticals industry. 91% of 194 stocks in the same industry do better.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month QNTM has a been trading in the 15.88 - 29.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
QNTM has an average technical rating and it also does not offer a high quality setup 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
21.64
23.95
We found 1 important resistance area.
- A resistance zone ranging from 23.37 to 23.71. 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 QNTM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QNTM is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | QNTM has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of QNTM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QNTM is above the rising 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) | 54.35 | NEUTRAL | The RSI value for QNTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests QNTM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.55 | OVERBOUGHT | The high Stochastics value suggests QNTM may be overbought. |
| Average True Range in percent/ATR (20) | 12.37 | HIGH VOLATILITY | The high ATR as a percentage value for QNTM suggests high volalility. |
| Average Directional Index/ADX (14) | 21.21 | NEUTRAL | The ADX value for QNTM suggests a possible start of a new 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)
21.86
-1.85 (-7.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-7.8%
1 Week13.21%
2 Weeks25.56%
1 Month-5%
3 Month208.76%
6 Month570.55%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.26
ATR(20)%12.37%
ATR Inc9.13%
Range Today2.17
ADR(20)2.57
ADR(20)%11.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High24.6
10 Day Low16.39
20 Day High29
20 Day Low15.88
52 Week HighN/A
52 Week LowN/A
CS1 EndN/A
CR1 Start23.37
Volume & EV
DER(3)5.02%
DER(5)6.58%
Volume152.70K
Volume Incr-61.16%
Vol(5)145.02K
Vol(50)292.78K