DEFIANCE QUANTUM ETF (QTUM) Stock Technical Analysis
NASDAQ:QTUM - Nasdaq - US26922A4206 - ETF - Currency: USD
Overall QTUM gets a technical rating of 10 out of 10. 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.
QTUM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 88.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 87.54, a Stop Loss order could be placed below this zone.
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62.26
5 important support areas can be observed.
- A support zone ranging from 84.71 to 87.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @68.38 from a trend line in the weekly time frame.
- Support @66.24 from a trend line in the daily time frame.
- Support @64.39 from a horizontal line in the daily time frame.
- Support @62.89 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 88.24 to 88.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 88.77 | POSITIVE | QTUM has a high relative strength, it outperformed 88.77% 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) | 66.2 | NEUTRAL | The RSI value for QTUM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests QTUM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 84.18 | OVERBOUGHT | The high Stochastics value suggests QTUM may be overbought. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for QTUM suggests some volalility. |
| Average Directional Index/ADX (14) | 24.42 | NEUTRAL | The ADX value for QTUM suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 88.25 | 84.70 | 3.55 (4.02%) | 24.86% |
| An entry @88.25. This is a Buy Stop order right above the resistance zone. | An exit @84.70. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.55 points, which is 4.02%. | When investing 24.86% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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+1.74 (+2.01%)