We assign a technical rating of 9 out of 10 to QTNA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, QTNA is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that QTNA is one of the better performing stocks in the market, outperforming 96% of all stocks.
- QTNA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month QTNA has a been trading in a tight range between 23.89 and 24.63.
Although QTNA 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.
More info and screens
13.55
When analyzing the support we can see 4 important areas.
- A support zone ranging from 23.91 to 24.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.40 to 23.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.12 from a trend line in the weekly time frame.
- Support @13.69 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.52 to 24.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 QTNA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QTNA is up. |
| ChartMill Relative Strength | 96.39 | POSITIVE | QTNA has a high relative strength, it outperformed 96.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QTNA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QTNA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QTNA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.46 | NEUTRAL | The RSI value for QTNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests QTNA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.34 | NEUTRAL | The Stochastics value for QTNA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.69 | LOW VOLATILITY | The low ATR as a percentage value for QTNA suggests low volalility. |
24.51
+0.26 (+1.07%)
QUANTENNA COMMUNICATIONS INC / QTNA FAQ
What is the ChartMill technical rating of QUANTENNA COMMUNICATIONS INC (QTNA) stock?
ChartMill assigns a technical rating of 8 / 10 to QTNA.
Can you provide the trend direction for QUANTENNA COMMUNICATIONS INC?
The current trend direction for QUANTENNA COMMUNICATIONS INC (QTNA) is Bullish.
What is the RSI signal for QTNA stock?
QUANTENNA COMMUNICATIONS INC (QTNA) has an RSI value of 64.4579. This indicates that the stock is currently neutral.
What is the MACD signal for QTNA stock?
The MACD indicator for QUANTENNA COMMUNICATIONS INC (QTNA) has a value of -0.00886223, indicating a bearish trend.
What is the buy/sell signal for QTNA stock?
The buy/sell signal for QUANTENNA COMMUNICATIONS INC (QTNA) is buy as both the short term and long term trends are positive.