QUICKLOGIC CORP (QUIK) Stock Technical Analysis
NASDAQ:QUIK - Nasdaq - US74837P4054 - Common Stock - Currency: USD
Taking everything into account, QUIK scores 6 out of 10 in our technical rating. QUIK has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, QUIK is a bad performer in the overall market: 85% of all stocks are doing better.
QUIK is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry, of which 83% are performing better than QUIK.
QUIK 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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month QUIK has a been trading in the 5.72 - 7.24 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Although the technical rating is only medium, QUIK does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 6.35, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
5.82
7.90
3 important support areas can be observed.
- A support zone ranging from 6.26 to 6.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.05 to 6.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.88 to 5.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @6.45 from a horizontal line in the weekly time frame.
- Resistance @6.62 from a trend line in the daily time frame.
- Resistance @6.90 from a trend line in the daily time frame.
- Resistance @7.82 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for QUIK is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QUIK is up. |
| ChartMill Relative Strength | 15.18 | NEGATIVE | QUIK has a low relative strength, it was outperformed by 84.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QUIK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QUIK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of QUIK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.01 | NEUTRAL | The RSI value for QUIK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests QUIK has a negative trend. |
| Stochastics (14,3) | 44.46 | NEUTRAL | The Stochastics value for QUIK is a neutral value. |
| Average True Range in percent/ATR (20) | 6.73 | HIGH VOLATILITY | The high ATR as a percentage value for QUIK suggests high volalility. |
| Average Directional Index/ADX (14) | 24.89 | NEUTRAL | The ADX value for QUIK suggests a possible start of a new 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 |
|---|---|---|---|
| 6.46 | 6.25 | 0.21 (3.25%) | 25.00% |
| An entry @6.46. This is a Buy Stop order right above the resistance zone. | An exit @6.25. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.21 points, which is 3.25%. | For a 0.81% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of QUIK. 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.
6.44
-0.28 (-4.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-4.17%
1 Week3.04%
2 Weeks-4.02%
1 Month4.38%
3 Month20.6%
6 Month-29.85%
12 Month-41.88%
2 Year-21.56%
3 Year-21.27%
5 Year61.4%
10 Year-66.18%
15 Year-86.59%
Volatility
ATR(14)0.41
ATR(20)%6.73%
ATR Inc20.73%
Range Today0.47
ADR(20)0.42
ADR(20)%6.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.18
Mansfield-1.82
10 Day High6.95
10 Day Low6.08
20 Day High7.24
20 Day Low5.72
52 Week High13.36
52 Week Low4.26
CS1 End6.35
CR1 Start6.45
Volume & EV
DER(3)0.25%
DER(5)-2.88%
Volume217.00K
Volume Incr-42.91%
Vol(5)180.46K
Vol(50)218.26K