Q2 HOLDINGS INC (QTWO) Stock Technical Analysis
NYSE:QTWO - New York Stock Exchange, Inc. - US74736L1098 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to QTWO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, QTWO is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
QTWO is one of the better performing stocks in the Software industry, it outperforms 80% of 284 stocks in the same industry.
QTWO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Looking at the yearly performance, QTWO did better than 91% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
QTWO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so QTWO is lagging the market slightly.
QTWO has an excellent technical rating, but the quality of the setup is only medium 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
74.47
93.66
When analyzing the support we can see 2 important areas.
- A support zone ranging from 85.45 to 86.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @75.22 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 91.28 to 92.73. 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 QTWO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QTWO is up. |
| ChartMill Relative Strength | 91.63 | POSITIVE | QTWO has a high relative strength, it outperformed 91.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QTWO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QTWO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QTWO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.88 | NEUTRAL | The RSI value for QTWO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests QTWO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 77.96 | NEUTRAL | The Stochastics value for QTWO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for QTWO suggests some volalility. |
| Average Directional Index/ADX (14) | 17.32 | NEGATIVE | The low ADX value for QTWO 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)
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 |
|---|---|---|---|
| 92.74 | 85.30 | 7.44 (8.02%) | 12.47% |
| An entry @92.74. This is a Buy Stop order right above the resistance zone. | An exit @85.30. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 7.44 points, which is 8.02%. | When investing 12.47% 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.
91.27
+1.29 (+1.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.43%
1 Week4.28%
2 Weeks4.55%
1 Month0.53%
3 Month20.25%
6 Month-17.66%
12 Month49.28%
2 Year195.37%
3 Year136.64%
5 Year6.39%
10 Year223.08%
15 YearN/A
Volatility
ATR(14)2.04
ATR(20)%2.48%
ATR Inc-2.78%
Range Today2.03
ADR(20)2.1
ADR(20)%2.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.63
Mansfield0.53
10 Day High92.15
10 Day Low85.31
20 Day High93.96
20 Day Low85.31
52 Week High112.82
52 Week Low55.97
CS1 End86.57
CR1 Start91.28
Volume & EV
DER(3)-2%
DER(5)-0.77%
Volume409.80K
Volume Incr-35.03%
Vol(5)420.04K
Vol(50)626.80K