QUANTUM BIOPHARMA LTD (QNTM) Stock Technical Analysis
NASDAQ:QNTM - Nasdaq - CA74764Y2050 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to QNTM. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month QNTM has a been trading in the 21.01 - 31.91 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, QNTM did better than 99% of all other stocks. We also observe that the gains produced by QNTM over the past year are nicely spread over this period.
QNTM is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 99% of 193 stocks in the same industry.
QNTM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so QNTM is lagging the market.
Besides having an excellent technical rating, QNTM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 22.44, a Stop Loss order could be placed below this zone.
More info and screens
21.83
28.64
When analyzing the support we notice one important area.
- A support zone ranging from 22.05 to 22.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- Resistance @28.36 from a trend line in the daily 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 | UP | POSITIVE | The long term trend for QNTM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QNTM is neutral. |
| ChartMill Relative Strength | 99.2 | POSITIVE | QNTM has a high relative strength, it outperformed 99.2% 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) | 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) | 47.73 | NEUTRAL | The RSI value for QNTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.52 | NEGATIVE | The MACD value suggests QNTM has a negative trend. |
| Stochastics (14,3) | 12.04 | OVERSOLD | The low Stochastics value suggests QNTM may be oversold. |
| Average True Range in percent/ATR (20) | 13.71 | HIGH VOLATILITY | The high ATR as a percentage value for QNTM suggests high volalility. |
| Average Directional Index/ADX (14) | 26.37 | POSITIVE | The high ADX value value for QNTM suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 25.25 | 22.04 | 3.21 (12.70%) | 7.87% |
| An entry @25.25. This is a Buy Stop order right above the 10 day moving average. | An exit @22.04. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.21 points, which is 12.70%. | For a 1.00% total portfolio risk, you can invest 7.87% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of QNTM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
22.45
+0.1 (+0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.45%
1 Week-23.14%
2 Weeks-5.27%
1 Month-3.94%
3 Month119.02%
6 Month148.89%
12 Month425.76%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.37
ATR(20)%13.71%
ATR Inc-50.51%
Range Today1.55
ADR(20)3.01
ADR(20)%13.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.2
Mansfield12.06
10 Day High31.91
10 Day Low21.01
20 Day High31.91
20 Day Low21.01
52 Week High38.25
52 Week Low2.7
CS1 End22.44
CR1 Start28.36
Volume & EV
DER(3)-7.04%
DER(5)-8.4%
Volume121.60K
Volume Incr62.34%
Vol(5)261.42K
Vol(50)274.61K