QUANTASING GROUP LTD (QSG) Stock Technical Analysis
NASDAQ:QSG - Nasdaq - US74767N1072 - ADR - Currency: USD
Overall QSG gets a technical rating of 8 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.
In the last month QSG has a been trading in the 8.42 - 10.87 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.
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 part of the Diversified Consumer Services industry. There are 72 other stocks in this industry. QSG outperforms 97% of them.
QSG has an average volume of 1429310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
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.
Considerably lower volume is observed in the last couple of days.
QSG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
7.58
9.75
We found 1 important support area.
- Support @7.66 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @9.65 from a horizontal 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 | DOWN | NEGATIVE | The short term trend for QSG is down. |
| ChartMill Relative Strength | 98.93 | POSITIVE | QSG has a high relative strength, it outperformed 98.93% 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) | UP | MIXED | The current price of QSG is below the rising 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) | 43.79 | NEUTRAL | The RSI value for QSG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests QSG has a negative trend. |
| Stochastics (14,3) | 14.28 | OVERSOLD | The low Stochastics value suggests QSG may be oversold. |
| Average True Range in percent/ATR (20) | 10.61 | HIGH VOLATILITY | The high ATR as a percentage value for QSG suggests high volalility. |
| Average Directional Index/ADX (14) | 17.59 | 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)
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 |
|---|---|---|---|
| 9.66 | 8.41 | 1.25 (12.94%) | 7.73% |
| An entry @9.66. This is a Buy Stop order right above the resistance zone. | An exit @8.41. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.25 points, which is 12.94%. | For a 1.00% total portfolio risk, you can invest 7.73% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of QSG. 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.
8.52
-0.26 (-2.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg-2.96%
1 Week-6.48%
2 Weeks-18.62%
1 Month-11.43%
3 Month36.76%
6 Month257.98%
12 Month407.14%
2 Year10.79%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.86
ATR(20)%10.61%
ATR Inc-54.92%
Range Today0.3
ADR(20)0.87
ADR(20)%10.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.93
Mansfield8.93
10 Day High10.87
10 Day Low8.42
20 Day High10.87
20 Day Low8.42
52 Week High15.64
52 Week Low1.5
CS1 End7.66
CR1 Start9.65
Volume & EV
DER(3)-16.29%
DER(5)-9.46%
Volume572.82K
Volume Incr-59.48%
Vol(5)530.15K
Vol(50)1.43M