QUICKLOGIC CORP (QUIK) Stock Technical Analysis
USA - NASDAQ:QUIK - US74837P4054 - Common Stock
We assign a technical rating of 5 out of 10 to QUIK. 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.
QUIK has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 6.13, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for QUIK in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
4.98
When analyzing the support we can see 3 important areas.
- A support zone ranging from 6.09 to 6.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.35 from a trend line in the weekly time frame.
- A support zone ranging from 5.03 to 5.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 7.03 to 7.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 7.21 to 7.27. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for QUIK is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QUIK is neutral. |
| ChartMill Relative Strength | 28.17 | NEGATIVE | QUIK has a low relative strength, it was outperformed by 71.83% 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 | MIXED | The current price of QUIK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.28 | NEUTRAL | The RSI value for QUIK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests QUIK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.69 | NEUTRAL | The Stochastics value for QUIK is a neutral value. |
| Average True Range in percent/ATR (20) | 7.68 | HIGH VOLATILITY | The high ATR as a percentage value for QUIK suggests high volalility. |
| Average Directional Index/ADX (14) | 23.35 | NEUTRAL | The ADX value for QUIK suggests a possible start of a new trend. |
7.02
+0.5 (+7.67%)
QUICKLOGIC CORP / QUIK FAQ
Can you provide the ChartMill technical rating for QUICKLOGIC CORP?
ChartMill assigns a technical rating of 5 / 10 to QUIK.
Can you provide the trend direction for QUICKLOGIC CORP?
The current trend direction for QUICKLOGIC CORP (QUIK) is Bearish.
What is the RSI signal for QUICKLOGIC CORP (QUIK) stock?
QUICKLOGIC CORP (QUIK) has an RSI value of 57.2763. This indicates that the stock is currently neutral.
What is the support and resistance level for QUIK stock?
QUICKLOGIC CORP (QUIK) has a support level at 6.13 and a resistance level at 7.03. Check the full technical report for our detailed analysis of QUIK support and resistance levels.