QUANTASING GROUP LTD (QSG) Stock Technical Analysis
USA - NASDAQ:QSG - US74767N1072 - ADR
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.
Although the technical rating is bad, QSG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 7.07, a Stop Loss order could be placed below this zone.
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6.86
We found 2 important support areas.
- A support zone ranging from 7.07 to 7.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 6.93 to 6.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 7.66 to 7.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.67 from a trend line in the daily time frame.
- Resistance @11.70 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for QSG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QSG is down. |
| ChartMill Relative Strength | 92.96 | POSITIVE | QSG has a high relative strength, it outperformed 92.96% 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 | POSITIVE | The current price of QSG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.97 | NEUTRAL | The RSI value for QSG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests QSG has a positive trend. |
| Stochastics (14,3) | 35.49 | NEUTRAL | The Stochastics value for QSG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.11 | HIGH VOLATILITY | The high ATR as a percentage value for QSG suggests high volalility. |
| Average Directional Index/ADX (14) | 14.5 | NEGATIVE | The low ADX value for QSG suggests a weak or negative trend. |
7.23
+0.2 (+2.84%)
QUANTASING GROUP LTD / QSG FAQ
What is the technical rating for QSG stock?
ChartMill assigns a technical rating of 2 / 10 to QSG.
What is the current trend direction of QUANTASING GROUP LTD (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 42.9695. This indicates that the stock is currently neutral.
What is the MACD signal for QUANTASING GROUP LTD (QSG) stock?
The MACD indicator for QUANTASING GROUP LTD (QSG) has a value of 0.0315909, indicating a bearish trend.
What is the short term momentum for QSG stock?
The short term momentum for QUANTASING GROUP LTD (QSG) is negative.