QSG Technical Analysis - QUANTASING GROUP LTD

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to QSG. Both in the recent history as in the last year, QSG has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, QSG did better than 99% of all other stocks.

QSG is one of the better performing stocks in the Diversified Consumer Services industry, it outperforms 98% of 73 stocks in the same industry.

In the last month QSG has a been trading in the 7.01 - 11.82 range, which is quite wide. It is currently trading near the high of this range.

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.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

QUANTASING GROUP LTD / QSG Weekly stock chart

QUANTASING GROUP LTD / QSG Daily stock chart

Setup Rating and Analysis

Although QSG has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.61

11.82

3 important support areas can be observed.

A support zone ranging from 8.57 to 8.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @7.95 from a trend line in the daily time frame.
Support @7.69 from a trend line in the daily time frame.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for QSG is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for QSG is up.
ChartMill Relative Strength	99.14	POSITIVE	QSG has a high relative strength, it outperformed 99.14% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of QSG is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of QSG is above 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)	72.21	OVERBOUGHT	The high RSI value suggests QSG may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.35	POSITIVE	The MACD value suggests QSG has a positive trend.
Stochastics (14,3)	90.81	OVERBOUGHT	The high Stochastics value suggests QSG may be overbought.
Average True Range in percent/ATR (20)	6.43	HIGH VOLATILITY	The high ATR as a percentage value for QSG suggests high volalility.
Average Directional Index/ADX (14)	16.09	NEGATIVE	The low ADX value for QSG suggests a weak or negative trend.