DEFIANCE QUANTUM ETF (QTUM) Technical Analysis
NASDAQ:QTUM • US26922A4206
Current stock price
QTUM Technical Rating and Analysis
Taking everything into account, QTUM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, QTUM is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that QTUM is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by QTUM over the past year are nicely spread over this period.
- QTUM is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month QTUM has a been trading in the 101.41 - 130.29 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
QTUM Weekly and Daily overview Charts
QTUM Setup Rating and Analysis
Although QTUM has an excellent technical rating, it does not offer a high 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
QTUM Support and Resistance Analysis
79.38
5 important support areas can be observed.
- A support zone ranging from 114.62 to 116.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @108.14 from a trend line in the weekly time frame.
- Support @103.22 from a trend line in the daily time frame.
- Support @100.36 from a horizontal line in the daily time frame.
- Support @80.18 from a trend line in the weekly time frame.
QTUM 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 | UP | POSITIVE | The long term trend for QTUM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QTUM is up. |
| ChartMill Relative Strength | 87.15 | POSITIVE | QTUM has a high relative strength, it outperformed 87.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QTUM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QTUM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QTUM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.19 | OVERBOUGHT | The high RSI value suggests QTUM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.89 | POSITIVE | The MACD value suggests QTUM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 96.35 | OVERBOUGHT | The high Stochastics value suggests QTUM may be overbought. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for QTUM suggests some volalility. |
| Average Directional Index/ADX (14) | 27.99 | POSITIVE | The high ADX value value for QTUM suggests a strong trend. |
QTUM Chart- and CandleStick Pattern Analysis
QTUM Technicals: Chart, Performance Metrics, Trend & Indicators
128.03
-0.61 (-0.47%)
DEFIANCE QUANTUM ETF / QTUM TA FAQ
What is the technical rating for QTUM stock?
ChartMill assigns a technical rating of 10 / 10 to QTUM.
What is the current trend direction of DEFIANCE QUANTUM ETF (QTUM) stock?
The current trend direction for DEFIANCE QUANTUM ETF (QTUM) is Bullish.
Can you provide the RSI signal for DEFIANCE QUANTUM ETF?
DEFIANCE QUANTUM ETF (QTUM) has an RSI value of 74.1904. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for DEFIANCE QUANTUM ETF?
The buy/sell signal for DEFIANCE QUANTUM ETF (QTUM) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for DEFIANCE QUANTUM ETF (QTUM) stock?
DEFIANCE QUANTUM ETF (QTUM) has a support level at 116.25. Check the full technical report for our detailed analysis of QTUM support and resistance levels.