QUANTASING GROUP LTD (QSG) Technical Analysis
NASDAQ:QSG • US74767N1072
Current stock price
QSG Technical Rating and Analysis
Overall QSG gets a technical rating of 2 out of 10. Although QSG 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- In the last month QSG has a been trading in the 5.74 - 7.95 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.
- QSG is part of the Diversified Consumer Services industry. There are 73 other stocks in this industry. QSG outperforms 94% of them.
- Looking at the yearly performance, QSG did better than 93% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- QSG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so QSG is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
QSG Weekly and Daily overview Charts
QSG Setup Rating and Analysis
The technical rating of QSG is bad and it also does not present a 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
QSG Support and Resistance Analysis
5.94
We found 1 important support area.
- A support zone ranging from 6.00 to 6.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @10.46 from a trend line in the daily time frame.
- Resistance @11.70 from a horizontal line in the weekly time frame.
QSG Technical Indicator Signal Analysis
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 QSG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QSG is down. |
| ChartMill Relative Strength | 93.94 | POSITIVE | QSG has a high relative strength, it outperformed 93.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QSG is below 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 | MIXED | The current price of QSG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 30.94 | NEUTRAL | The RSI value for QSG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests QSG has a negative trend. |
| Stochastics (14,3) | 9.81 | OVERSOLD | The low Stochastics value suggests QSG may be oversold. |
| Average True Range in percent/ATR (20) | 6.99 | HIGH VOLATILITY | The high ATR as a percentage value for QSG suggests high volalility. |
| Average Directional Index/ADX (14) | 17.8 | NEGATIVE | The low ADX value for QSG suggests a weak or negative trend. |
QSG Chart- and CandleStick Pattern Analysis
QSG Technicals: Chart, Performance Metrics, Trend & Indicators
6.01
-0.07 (-1.15%)
QUANTASING GROUP LTD / QSG TA FAQ
What is the technical rating for QSG stock?
ChartMill assigns a technical rating of 2 / 10 to QSG.
What is the trend direction for QSG stock?
The current trend direction for QUANTASING GROUP LTD (QSG) is Bearish.
Can you provide the RSI signal for QUANTASING GROUP LTD?
QUANTASING GROUP LTD (QSG) has an RSI value of 30.9427. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for QUANTASING GROUP LTD?
The buy/sell signal for QUANTASING GROUP LTD (QSG) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for QUANTASING GROUP LTD (QSG) stock?
QUANTASING GROUP LTD (QSG) has a support level at 6 and a resistance level at 10.46. Check the full technical report for our detailed analysis of QSG support and resistance levels.