QUANTUM COMPUTING INC (QUBT) Stock Technical Analysis
NASDAQ:QUBT - Nasdaq - US74766W1080 - Common Stock - Currency: USD
Taking everything into account, QUBT scores 8 out of 10 in our technical rating. QUBT has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
QUBT is part of the Software industry. There are 282 other stocks in this industry. QUBT outperforms 99% of them.
In the last month QUBT has a been trading in the 6.83 - 14.68 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, which is what you like to see during a strong movement up.
QUBT has an average volume of 20448700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that QUBT is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
QUBT 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 QUBT is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although QUBT 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
6.74
13.45
When analyzing the support we can see 3 important areas.
- Support @7.79 from a trend line in the weekly time frame.
- Support @7.13 from a trend line in the daily time frame.
- A support zone ranging from 6.81 to 6.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @12.96 from a trend line in the daily time frame.
- A resistance zone ranging from 13.32 to 13.32. 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 | 99.86 | POSITIVE | QUBT has a high relative strength, it outperformed 99.86% 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) | 64.57 | NEUTRAL | The RSI value for QUBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests QUBT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.62 | NEUTRAL | The Stochastics value for QUBT is a neutral value. |
| Average True Range in percent/ATR (20) | 10.59 | HIGH VOLATILITY | The high ATR as a percentage value for QUBT suggests high volalility. |
| Average Directional Index/ADX (14) | 44.27 | 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)
12.43
-0.36 (-2.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.81%
1 Week17.93%
2 Weeks39.19%
1 Month84.42%
3 Month104.95%
6 Month76.06%
12 Month1617.8%
2 Year962.39%
3 Year447.58%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.57
ATR(20)%10.59%
ATR Inc15.52%
Range Today2.56
ADR(20)1.2
ADR(20)%9.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.86
Mansfield12.57
10 Day High14.68
10 Day Low8.74
20 Day High14.68
20 Day Low6.83
52 Week High27.15
52 Week Low0.35
CS1 End7.79
CR1 Start12.96
Volume & EV
DER(3)-4.83%
DER(5)-0.34%
Volume39.90M
Volume Incr129.5%
Vol(5)47.13M
Vol(50)20.45M