QUARTERHILL INC (QTRH) Stock Technical Analysis
NASDAQ:QTRH - Nasdaq -
We assign a technical rating of 2 out of 10 to QTRH. QTRH has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month QTRH has a been trading in the 1.16 - 1.38 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, QTRH turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
QTRH is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so QTRH is lagging the market slightly.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, QTRH does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.18, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for QTRH 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
1.16
1.38
When analyzing the support we notice one important area.
- A support zone ranging from 1.17 to 1.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.21 to 1.22. 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 1.26 to 1.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.35 to 1.37. 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 | NEUTRAL | NEUTRAL | The long term trend for QTRH is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QTRH is down. |
| ChartMill Relative Strength | 53.6 | NEUTRAL | QTRH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QTRH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of QTRH is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of QTRH is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.35 | NEUTRAL | The RSI value for QTRH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests QTRH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.13 | NEUTRAL | The Stochastics value for QTRH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for QTRH suggests some 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)
NASDAQ:QTRH (12/20/2019, 8:00:01 PM)
1.2
-0.01 (-0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.83%
1 Week0.84%
2 Weeks-6.25%
1 Month-7.66%
3 Month-13.04%
6 Month13.21%
12 Month35.59%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%3.8%
ATR Inc-11.19%
Range Today0.05
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
CRS53.6
Mansfield-0.67
10 Day High1.28
10 Day Low1.16
20 Day High1.38
20 Day Low1.16
52 Week High1.45
52 Week Low0.86
CS1 End1.18
CR1 Start1.21
Volume & EV
DER(3)8.21%
DER(5)7.49%
Volume164.70K
Volume Incr114.17%
Vol(5)306.24K
Vol(50)97.84K