QUANTUM BIOPHARMA LTD (QNTM) Stock Technical Analysis
USA - NASDAQ:QNTM - CA74764Y2050 - Common Stock
16.32 USD
-0.75 (-4.39%)
16.3034 USD
-0.02 (-0.1%)
Taking everything into account, QNTM scores 4 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.
Looking at the yearly performance, QNTM did better than 97% of all other stocks. On top of that, QNTM also shows a nice and consistent pattern of rising prices.
QNTM is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 94% of 196 stocks in the same industry.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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.
In the last month QNTM has a been trading in the 12.52 - 21.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
QNTM has an average technical rating and the quality of the presented setup is also not ideal at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
13.44
23.65
3 important support areas can be observed.
- Support @15.11 from a trend line in the weekly time frame.
- Support @14.05 from a horizontal line in the weekly time frame.
- Support @13.58 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 16.33 to 16.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 17.80 to 18.01. 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 23.42 to 23.42. 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 | NEUTRAL | NEUTRAL | The long term trend for QNTM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QNTM is down. |
| ChartMill Relative Strength | 97.68 | POSITIVE | QNTM has a high relative strength, it outperformed 97.68% 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) | 43.9 | NEUTRAL | The RSI value for QNTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests QNTM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.94 | NEUTRAL | The Stochastics value for QNTM is a neutral value. |
| Average True Range in percent/ATR (20) | 11.17 | HIGH VOLATILITY | The high ATR as a percentage value for QNTM suggests high volalility. |
| Average Directional Index/ADX (14) | 19.78 | NEGATIVE | The low ADX value for QNTM 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)
16.32
-0.75 (-4.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-4.39%
1 Week-13.51%
2 Weeks-5.28%
1 Month-5.39%
3 Month-24.86%
6 Month90.65%
12 Month323.9%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.05
ATR(20)%11.17%
ATR Inc-14.39%
Range Today2.14
ADR(20)1.78
ADR(20)%10.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.68
Mansfield3.74
10 Day High21
10 Day Low15.55
20 Day High21
20 Day Low12.52
52 Week High38.25
52 Week Low2.7
CS1 End15.11
CR1 Start16.33
Volume & EV
DER(3)-8.44%
DER(5)-6.53%
Volume126.90K
Volume Incr-35.26%
Vol(5)91.20K
Vol(50)154.58K