QUANTUM CORP (QTM) Technical Analysis
NYSE:QTM
Current stock price
QTM Technical Rating and Analysis
Taking everything into account, QTM scores 0 out of 10 in our technical rating. QTM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, QTM is a bad performer in the overall market: 98% of all stocks are doing better.
- QTM is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so QTM is lagging the market.
- In the last month QTM has a been trading in the 1.05 - 2.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
QTM Weekly and Daily overview Charts
QTM Setup Rating and Analysis
QTM has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for QTM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
QTM Support and Resistance Analysis
1.54
We found 1 important support area.
- Support @1.56 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.70 to 1.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.98 to 2.00. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @2.45 from a trend line in the weekly time frame.
QTM 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 QTM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QTM is down. |
| ChartMill Relative Strength | 2.81 | NEGATIVE | QTM has a low relative strength, it was outperformed by 97.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QTM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QTM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of QTM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.78 | NEUTRAL | The RSI value for QTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests QTM has a positive trend. |
| Stochastics (14,3) | 46.67 | NEUTRAL | The Stochastics value for QTM is a neutral value. |
| Average True Range in percent/ATR (20) | 13.49 | HIGH VOLATILITY | The high ATR as a percentage value for QTM suggests high volalility. |
QTM Chart- and CandleStick Pattern Analysis
QTM Technicals: Chart, Performance Metrics, Trend & Indicators
1.62
+0.02 (+1.25%)
QUANTUM CORP / QTM TA FAQ
What is the technical rating for QTM stock?
ChartMill assigns a technical rating of 0 / 10 to QTM.
Can you provide the trend direction for QUANTUM CORP?
The current trend direction for QUANTUM CORP (QTM) is Bearish.
What is the RSI signal for QTM stock?
QUANTUM CORP (QTM) has an RSI value of 42.7765. This indicates that the stock is currently neutral.
What is the short term momentum for QTM stock?
The short term momentum for QUANTUM CORP (QTM) is negative.
What is the buy/sell signal for QTM stock?
The buy/sell signal for QUANTUM CORP (QTM) is sell as both the short term and long term trends are negative.