QUANTUM COMPUTING INC (QUBT) Stock Technical Analysis
NASDAQ:QUBT - Nasdaq - US74766W1080 - Common Stock - Currency: USD
Taking everything into account, QUBT scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, QUBT has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, QUBT did better than 99% of all other stocks.
QUBT is one of the better performing stocks in the Software industry, it outperforms 99% of 282 stocks in the same industry.
QUBT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so QUBT is lagging the market slightly.
QUBT has an average volume of 32736000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month QUBT has a been trading in the 15.50 - 21.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, QUBT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
17.26
21.43
2 important support areas can be observed.
- Support @17.75 from a trend line in the daily time frame.
- A support zone ranging from 17.43 to 17.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @20.79 from a trend line in the daily time frame.
- A resistance zone ranging from 21.13 to 21.22. 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 QUBT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QUBT is up. |
| ChartMill Relative Strength | 99.91 | POSITIVE | QUBT has a high relative strength, it outperformed 99.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QUBT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QUBT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QUBT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.07 | NEUTRAL | The RSI value for QUBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests QUBT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.41 | NEUTRAL | The Stochastics value for QUBT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.47 | HIGH VOLATILITY | The high ATR as a percentage value for QUBT suggests high volalility. |
| Average Directional Index/ADX (14) | 39.83 | POSITIVE | The high ADX value value for QUBT suggests a strong 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 |
|---|---|---|---|
| 20.80 | 17.74 | 3.06 (14.71%) | 6.80% |
| An entry @20.80. This is a Buy Stop order right above the resistance zone. | An exit @17.74. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.06 points, which is 14.71%. | For a 1.00% total portfolio risk, you can invest 6.80% of your capital in this trade. |
- 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.
19.51
-0.26 (-1.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.32%
1 Week11.93%
2 Weeks-7.67%
1 Month2.2%
3 Month204.37%
6 Month98.47%
12 Month2816.29%
2 Year1273.94%
3 Year535.51%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.61
ATR(20)%8.47%
ATR Inc-11.71%
Range Today1.32
ADR(20)1.58
ADR(20)%8.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.91
Mansfield13.8
10 Day High21.88
10 Day Low17.38
20 Day High21.88
20 Day Low15.5
52 Week High27.15
52 Week Low0.53
CS1 End17.75
CR1 Start20.79
Volume & EV
DER(3)2.8%
DER(5)1.04%
Volume22.06M
Volume Incr-20.26%
Vol(5)23.89M
Vol(50)32.74M