QUANTASING GROUP LTD (QSG) Stock Technical Analysis
NASDAQ:QSG - US74767N1072 - ADR
8.64 USD
+0.65 (+8.14%)
8.65 USD
+0.01 (+0.12%)
Overall QSG gets a technical rating of 7 out of 10. 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.
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.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that QSG is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by QSG over the past year are nicely spread over this period.
QSG is one of the better performing stocks in the Diversified Consumer Services industry, it outperforms 97% of 71 stocks in the same industry.
QSG has an average volume of 1209980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
QSG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so QSG is lagging the market.
In the last month QSG has a been trading in the 6.91 - 9.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although QSG has an excellent technical rating, it does not present a decent entry opportunity 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
7.26
8.73
When analyzing the support we can see 2 important areas.
- A support zone ranging from 7.49 to 7.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.33 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 QSG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QSG is neutral. |
| ChartMill Relative Strength | 98.9 | POSITIVE | QSG has a high relative strength, it outperformed 98.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of QSG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QSG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QSG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.74 | NEUTRAL | The RSI value for QSG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests QSG has a positive trend. |
| Stochastics (14,3) | 49.45 | NEUTRAL | The Stochastics value for QSG is a neutral value. |
| Average True Range in percent/ATR (20) | 7.43 | HIGH VOLATILITY | The high ATR as a percentage value for QSG suggests high volalility. |
| Average Directional Index/ADX (14) | 12.92 | NEGATIVE | The low ADX value for QSG 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)
8.64
+0.65 (+8.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg8.14%
1 Week15.2%
2 Weeks8%
1 Month-10.37%
3 Month37.36%
6 Month246.27%
12 Month393.4%
2 Year30.11%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.66
ATR(20)%7.43%
ATR Inc39.89%
Range Today0.58
ADR(20)0.59
ADR(20)%6.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.9
Mansfield7.56
10 Day High8.88
10 Day Low6.91
20 Day High9.58
20 Day Low6.91
52 Week High15.64
52 Week Low1.58
CS1 End7.57
CR1 StartN/A
Volume & EV
DER(3)0.97%
DER(5)1.86%
Volume736.40K
Volume Incr-12.8%
Vol(5)541.50K
Vol(50)1.21M