QTRX Technical Analysis - QUANTERIX CORP

Technical Rating and Analysis

Overall QTRX gets a technical rating of 5 out of 10. In the last year, QTRX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

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 78% 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.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month QTRX has a been trading in the 4.70 - 6.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

QUANTERIX CORP / QTRX Weekly stock chart

Setup Rating and Analysis

QTRX has an average technical rating and the quality of the presented setup is also not ideal 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.24

6.21

2 important support areas can be observed.

A support zone ranging from 5.11 to 5.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @4.28 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

Resistance @5.92 from a trend line in the daily time frame.
A resistance zone ranging from 6.09 to 6.15. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	NEUTRAL	NEUTRAL	The long term trend for QTRX is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for QTRX is up.
ChartMill Relative Strength	8.71	NEGATIVE	QTRX has a low relative strength, it was outperformed by 91.29% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of QTRX is above the rising 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)	54.85	NEUTRAL	The RSI value for QTRX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests QTRX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	67.71	NEUTRAL	The Stochastics value for QTRX is a neutral value.
Average True Range in percent/ATR (20)	5.87	HIGH VOLATILITY	The high ATR as a percentage value for QTRX suggests high volalility.
Average Directional Index/ADX (14)	23.52	NEUTRAL	The ADX value for QTRX suggests a possible start of a new trend.