QTRH-DB Technical Analysis - QUARTERHILL INC

Technical Rating and Analysis

Taking everything into account, QTRH-DB scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, QTRH-DB is only an average performer.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

QTRH-DB is one of the better performing stocks in the Communications Equipment industry, it outperforms 72% of 12 stocks in the same industry.

QTRH-DB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so QTRH-DB is lagging the market slightly.

When compared to the yearly performance of all other stocks, QTRH-DB outperforms 44% of them, which is more or less in line with the market.

In the last month QTRH-DB has a been trading in a tight range between 96.13 and 100.68.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

QUARTERHILL INC / QTRH-DB Weekly stock chart

QUARTERHILL INC / QTRH-DB Daily stock chart

Setup Rating and Analysis

QTRH-DB has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

92.07

101.69

We found 2 important support areas.

A support zone ranging from 95.50 to 97.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @93.00 from a horizontal line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 98.03 to 100.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for QTRH-DB.CA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for QTRH-DB.CA is neutral.
ChartMill Relative Strength	44.8	NEUTRAL	QTRH-DB.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of QTRH-DB.CA is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of QTRH-DB.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of QTRH-DB.CA is above a declining SMA(200).
Relative Strength Index/RSI (14)	49.03	NEUTRAL	The RSI value for QTRH-DB.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests QTRH-DB.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	50.91	NEUTRAL	The Stochastics value for QTRH-DB.CA is a neutral value.
Average True Range in percent/ATR (20)	0.72	LOW VOLATILITY	The low ATR as a percentage value for QTRH-DB.CA suggests low volalility.
Average Directional Index/ADX (14)	15.8	NEGATIVE	The low ADX value for QTRH-DB.CA suggests a weak or negative trend.