QUARTERHILL INC (QTRH) Technical Analysis
NASDAQ:QTRH
Current stock price
QTRH Technical Rating and Analysis
Taking everything into account, QTRH scores 2 out of 10 in our technical rating. 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.
QTRH Weekly and Daily overview Charts
QTRH Setup Rating and Analysis
Although the technical rating is bad, QTRH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. 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
QTRH Support and Resistance Analysis
1.16
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.
When analyzing the resistance we notice 3 important areas.
- 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.
QTRH 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 | 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. |
QTRH Chart- and CandleStick Pattern Analysis
QTRH Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:QTRH (12/20/2019, 8:00:01 PM)
1.2
-0.01 (-0.83%)
QUARTERHILL INC / QTRH TA FAQ
What is the ChartMill technical rating of QUARTERHILL INC (QTRH) stock?
ChartMill assigns a technical rating of 2 / 10 to QTRH.
Can you provide the trend direction for QUARTERHILL INC?
The current trend direction for QUARTERHILL INC (QTRH) is Bearish.
What is the RSI signal for QTRH stock?
QUARTERHILL INC (QTRH) has an RSI value of 39.3516. This indicates that the stock is currently neutral.
What is the support and resistance level for QTRH stock?
QUARTERHILL INC (QTRH) has a support level at 1.18 and a resistance level at 1.21. Check the full technical report for our detailed analysis of QTRH support and resistance levels.