QUANTUM CORP (QTM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:QTM -
Taking everything into account, QTM scores 0 out of 10 in our technical rating. QTM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, QTM does present a nice setup opportunity. 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
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.
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. |
1.62
+0.02 (+1.25%)
QUANTUM CORP / QTM FAQ
What is the technical rating for QTM stock?
ChartMill assigns a technical rating of 0 / 10 to QTM.
What is the trend direction for QTM stock?
The current trend direction for QUANTUM CORP (QTM) is Bearish.
Can you provide the RSI signal for QUANTUM CORP?
QUANTUM CORP (QTM) has an RSI value of 42.7765. This indicates that the stock is currently neutral.
What is the buy/sell signal for QUANTUM CORP (QTM) stock?
The buy/sell signal for QUANTUM CORP (QTM) is sell as both the short term and long term trends are negative.
What is the support and resistance level for QTM stock?
QUANTUM CORP (QTM) has a support level at 1.56 and a resistance level at 1.7. Check the full technical report for our detailed analysis of QTM support and resistance levels.