QUANTERIX CORP (QTRX) Stock Technical Analysis
NASDAQ:QTRX - Nasdaq - US74766Q1013 - Common Stock - Currency: USD
Taking everything into account, QTRX scores 1 out of 10 in our technical rating. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
92% of all other stocks performed better in the past year than QTRX.
QTRX is part of the Life Sciences Tools & Services industry. There are 56 other stocks in this industry, of which 80% are performing better than QTRX.
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 5.62 - 7.09 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.
QTRX has a poor technical rating and the quality of the setup is also not perfect 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
5.79
6.79
When analyzing the support we notice one important area.
- A support zone ranging from 5.85 to 5.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @6.72 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for QTRX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QTRX is down. |
| ChartMill Relative Strength | 8.02 | NEGATIVE | QTRX has a low relative strength, it was outperformed by 91.98% 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 | MIXED | The current price of QTRX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of QTRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.32 | NEUTRAL | The RSI value for QTRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests QTRX has a negative trend. |
| Stochastics (14,3) | 17.8 | OVERSOLD | The low Stochastics value suggests QTRX may be oversold. |
| Average True Range in percent/ATR (20) | 8.13 | HIGH VOLATILITY | The high ATR as a percentage value for QTRX suggests high volalility. |
| Average Directional Index/ADX (14) | 18.36 | NEGATIVE | The low ADX value for QTRX suggests a weak or negative trend. |
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)
5.89
+0.03 (+0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg0.6%
1 Week-15.62%
2 Weeks-10.35%
1 Month-11.56%
3 Month13.27%
6 Month-37.47%
12 Month-59.35%
2 Year-76.29%
3 Year-63.16%
5 Year-81.77%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%8.13%
ATR Inc-47.78%
Range Today0.24
ADR(20)0.46
ADR(20)%7.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.02
Mansfield-4.31
10 Day High7.09
10 Day Low5.7
20 Day High7.09
20 Day Low5.62
52 Week High16.74
52 Week Low4.05
CS1 End5.88
CR1 Start6.72
Volume & EV
DER(3)0.98%
DER(5)-2.72%
Volume520.90K
Volume Incr-14.77%
Vol(5)763.16K
Vol(50)766.55K