QUANTUM CORP (QTM) Stock Technical Analysis
NYSE:QTM - New York Stock Exchange, Inc. -
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.
98% of all other stocks performed better in the past year than QTM.
QTM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
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 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
1.54
2.47
When analyzing the support we notice one important area.
- Support @1.56 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- 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.
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. |
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)
1.62
+0.02 (+1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.25%
1 Week1.25%
2 Weeks-20.59%
1 Month-26.36%
3 Month-35.2%
6 Month-15.18%
12 Month-74.69%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%13.49%
ATR Inc-43.16%
Range Today0.19
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.81
Mansfield-3.98
10 Day High2.22
10 Day Low1.55
20 Day High2.25
20 Day Low1.05
52 Week High6.56
52 Week Low1.05
CS1 End1.56
CR1 Start1.7
Volume & EV
DER(3)5.29%
DER(5)3.21%
Volume336.70K
Volume Incr-44.92%
Vol(5)373.28K
Vol(50)458.94K