QTRX Technical Analysis - QUANTERIX CORP

Technical Rating and Analysis

Overall QTRX gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. QTRX was also a bad performer in the overall market in the last year.

When comparing the yearly performance of all stocks, QTRX is a bad performer in the overall market: 96% of all stocks are doing better.

QTRX is part of the Life Sciences Tools & Services industry. There are 56 other stocks in this industry, of which 87% 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 4.25 - 5.61 range, which is quite wide. It is currently trading near the high of this range.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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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

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.24

6.38

We found 1 important support area.

Support @4.28 from a horizontal line in the daily time frame.

We can see 3 important resistance areas.

Resistance @5.46 from a horizontal line in the weekly time frame.
Resistance @5.59 from a horizontal line in the daily time frame.
Resistance @6.32 from a trend line in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for QTRX is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for QTRX is up.
ChartMill Relative Strength	4.59	NEGATIVE	QTRX has a low relative strength, it was outperformed by 95.41% 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)	61.56	NEUTRAL	The RSI value for QTRX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.15	POSITIVE	The MACD value suggests QTRX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	90.93	OVERBOUGHT	The high Stochastics value suggests QTRX may be overbought.
Average True Range in percent/ATR (20)	4.74	MEDIUM VOLATILITY	The ATR as a percentage value for QTRX suggests some volalility.
Average Directional Index/ADX (14)	17.59	NEGATIVE	The low ADX value for QTRX suggests a weak or negative trend.