QUANTUM COMPUTING INC (QUBT) Stock Technical Analysis
NASDAQ:QUBT - US74766W1080 - Common Stock
15.05 USD
-0.73 (-4.63%)
15 USD
-0.05 (-0.33%)
Overall QUBT gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, QUBT did better than 99% of all other stocks.
QUBT is one of the better performing stocks in the Technology Hardware, Storage & Peripherals industry, it outperforms 96% of 33 stocks in the same industry.
QUBT has an average volume of 18614200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
QUBT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so QUBT is lagging the market.
In the last month QUBT has a been trading in the 13.72 - 17.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, QUBT does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 14.79, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for QUBT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
8.79
19.93
We found 2 important support areas.
- A support zone ranging from 14.61 to 14.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.88 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 15.09 to 15.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 15.47 to 15.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.11 from a horizontal line in the daily time frame.
- Resistance @19.73 from a trend 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 | UP | POSITIVE | The long term trend for QUBT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QUBT is neutral. |
| ChartMill Relative Strength | 99.9 | POSITIVE | QUBT has a high relative strength, it outperformed 99.9% off all stocks 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) | UP | POSITIVE | The current price of QUBT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.33 | 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) | 60.66 | NEUTRAL | The Stochastics value for QUBT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.86 | HIGH VOLATILITY | The high ATR as a percentage value for QUBT suggests high volalility. |
| Average Directional Index/ADX (14) | 10.83 | NEGATIVE | The low ADX value for QUBT 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 |
|---|---|---|---|
| 15.23 | 14.60 | 0.63 (4.14%) | 24.17% |
| An entry @15.23. This is a Buy Stop order right above the resistance zone. | An exit @14.60. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.63 points, which is 4.14%. | For a 1.00% total portfolio risk, you can invest 24.17% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of QUBT. Please evaluate whether better entry and exit points can be found.
- 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.
15.05
-0.73 (-4.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-4.63%
1 Week-1.05%
2 Weeks-5.32%
1 Month-3.53%
3 Month9.85%
6 Month199.21%
12 Month2440.08%
2 Year1293.52%
3 Year499.6%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.05
ATR(20)%6.86%
ATR Inc11.85%
Range Today1.17
ADR(20)1
ADR(20)%6.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.9
Mansfield4.51
10 Day High16.17
10 Day Low13.72
20 Day High17.24
20 Day Low13.72
52 Week High27.15
52 Week Low0.58
CS1 End14.79
CR1 Start15.09
Volume & EV
DER(3)3.06%
DER(5)3.99%
Volume15.81M
Volume Incr6.48%
Vol(5)16.26M
Vol(50)18.61M