QUANTUMSCAPE CORP (QS) Stock Technical Analysis
NASDAQ:QS • US74767V1098
We assign a technical rating of 1 out of 10 to QS. QS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- QS 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.
- QS is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- QS has an average volume of 15257000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, QS turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
- QS is an average performer in the Automobile Components industry, it outperforms 44% of 41 stocks in the same industry.
QS has a poor technical rating and the quality of the setup is also not perfect 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
6.77
We found 1 important support area.
- A support zone ranging from 6.84 to 6.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @7.27 from a horizontal line in the daily time frame.
- Resistance @7.49 from a trend line in the daily time frame.
- A resistance zone ranging from 9.44 to 9.58. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for QS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QS is down. |
| ChartMill Relative Strength | 46.49 | NEUTRAL | QS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of QS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 31.92 | NEUTRAL | The RSI value for QS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests QS has a positive trend. |
| Stochastics (14,3) | 14.29 | OVERSOLD | The low Stochastics value suggests QS may be oversold. |
| Average True Range in percent/ATR (20) | 7.77 | HIGH VOLATILITY | The high ATR as a percentage value for QS suggests high volalility. |
| Average Directional Index/ADX (14) | 28.9 | POSITIVE | The high ADX value value for QS suggests a strong trend. |
6.92
-0.34 (-4.68%)
QUANTUMSCAPE CORP / QS FAQ
What is the technical rating for QS stock?
ChartMill assigns a technical rating of 1 / 10 to QS.
Can you provide the trend direction for QUANTUMSCAPE CORP?
The current trend direction for QUANTUMSCAPE CORP (QS) is Bearish.
What is the RSI signal for QS stock?
QUANTUMSCAPE CORP (QS) has an RSI value of 31.9213. This indicates that the stock is currently neutral.
What is the short term momentum for QS stock?
The short term momentum for QUANTUMSCAPE CORP (QS) is negative.
What is the buy/sell signal for QUANTUMSCAPE CORP (QS) stock?
The buy/sell signal for QUANTUMSCAPE CORP (QS) is sell as both the short term and long term trends are negative.