QUANTERIX CORP (QTRX) Technical Analysis
NASDAQ:QTRX • US74766Q1013
Overall QTRX gets a technical rating of 0 out of 10. QTRX'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.
- When comparing the yearly performance of all stocks, QTRX is a bad performer in the overall market: 89% of all stocks are doing better.
- QTRX is one of the lesser performing stocks in the Life Sciences Tools & Services industry. 75% of 57 stocks in the same industry do better.
- QTRX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month QTRX has a been trading in the 5.12 - 6.81 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
The technical rating of QTRX is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.26
We can see 2 important resistance areas.
- A resistance zone ranging from 6.46 to 6.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @7.14 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 | NEUTRAL | NEUTRAL | The long term trend for QTRX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QTRX is down. |
| ChartMill Relative Strength | 11.05 | NEGATIVE | QTRX has a low relative strength, it was outperformed by 88.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QTRX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QTRX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of QTRX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.31 | NEUTRAL | The RSI value for QTRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests QTRX has a negative trend. |
| Stochastics (14,3) | 27.64 | NEUTRAL | The Stochastics value for QTRX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.66 | HIGH VOLATILITY | The high ATR as a percentage value for QTRX suggests high volalility. |
| Average Directional Index/ADX (14) | 16.56 | NEGATIVE | The low ADX value for QTRX suggests a weak or negative trend. |
QTRX Technicals: Chart, Performance Metrics, Trend & Indicators
5.31
-0.55 (-9.39%)
QUANTERIX CORP / QTRX FAQ
Can you provide the ChartMill technical rating for QUANTERIX CORP?
ChartMill assigns a technical rating of 0 / 10 to QTRX.
What is the trend direction for QTRX stock?
The current trend direction for QUANTERIX CORP (QTRX) is Bearish.
What is the RSI signal for QTRX stock?
QUANTERIX CORP (QTRX) has an RSI value of 36.3129. This indicates that the stock is currently neutral.
What is the short term momentum for QTRX stock?
The short term momentum for QUANTERIX CORP (QTRX) is negative.
Can you provide the support and resistance levels for QUANTERIX CORP?
QUANTERIX CORP (QTRX) has a resistance level at 6.46. Check the full technical report for our detailed analysis of QTRX support and resistance levels.