QUANTUM COMPUTING INC (QUBT) Technical Analysis
NASDAQ:QUBT • US74766W1080
Overall QUBT gets a technical rating of 1 out of 10. QUBT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- QUBT 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 QUBT has a been trading in the 7.58 - 9.68 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- QUBT is part of the Technology Hardware, Storage & Peripherals industry. There are 36 other stocks in this industry. QUBT outperforms 77% of them.
- QUBT has an average volume of 15138000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, QUBT turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
Although the technical rating is bad, QUBT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 7.71, a Stop Loss order could be placed below this zone.
More info and screens
7.63
We found 1 important support area.
- A support zone ranging from 7.71 to 7.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 8.16 to 8.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.05 to 10.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.89 from a horizontal line in the daily time frame.
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 QUBT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QUBT is down. |
| ChartMill Relative Strength | 58.25 | NEUTRAL | QUBT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QUBT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QUBT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of QUBT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.69 | NEUTRAL | The RSI value for QUBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests QUBT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 16.48 | OVERSOLD | The low Stochastics value suggests QUBT may be oversold. |
| Average True Range in percent/ATR (20) | 9.49 | HIGH VOLATILITY | The high ATR as a percentage value for QUBT suggests high volalility. |
| Average Directional Index/ADX (14) | 26.8 | POSITIVE | The high ADX value value for QUBT suggests a strong trend. |
QUBT Technicals: Chart, Performance Metrics, Trend & Indicators
7.72
-0.43 (-5.28%)
QUANTUM COMPUTING INC / QUBT FAQ
Can you provide the ChartMill technical rating for QUANTUM COMPUTING INC?
ChartMill assigns a technical rating of 1 / 10 to QUBT.
What is the trend direction for QUBT stock?
The current trend direction for QUANTUM COMPUTING INC (QUBT) is Bearish.
What is the RSI signal for QUANTUM COMPUTING INC (QUBT) stock?
QUANTUM COMPUTING INC (QUBT) has an RSI value of 39.686. This indicates that the stock is currently neutral.
What is the short term momentum for QUBT stock?
The short term momentum for QUANTUM COMPUTING INC (QUBT) is negative.
What is the support and resistance level for QUBT stock?
QUANTUM COMPUTING INC (QUBT) has a support level at 7.71 and a resistance level at 8.16. Check the full technical report for our detailed analysis of QUBT support and resistance levels.