QUIK Technical Analysis - QUICKLOGIC CORP

Technical Rating and Analysis

Overall QUIK gets a technical rating of 4 out of 10. 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.

85% of all other stocks performed better in the past year than QUIK.

QUIK is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, of which 80% 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 4.80 - 6.43 range, which is quite wide. It is currently trading near the high of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

QUICKLOGIC CORP / QUIK Weekly stock chart

QUICKLOGIC CORP / QUIK Daily stock chart

Setup Rating and Analysis

QUIK has an average technical rating and it also 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.92

6.79

We found 3 important support areas.

A support zone ranging from 5.76 to 5.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @5.24 from a trend line in the weekly time frame.
Support @4.97 from a trend line in the daily time frame.

5 important resistance areas can be observed.

Resistance @6.17 from a trend line in the daily time frame.
Resistance @6.28 from a horizontal line in the daily time frame.
Resistance @6.42 from a horizontal line in the weekly time frame.
Resistance @6.58 from a trend line in the weekly time frame.
Resistance @6.72 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	15.34	NEGATIVE	QUIK has a low relative strength, it was outperformed by 84.66% 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)	DOWN	MIXED	The current price of QUIK is above a declining 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)	56.22	NEUTRAL	The RSI value for QUIK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests QUIK has a positive trend, although the MACD value is declining.
Stochastics (14,3)	73.71	NEUTRAL	The Stochastics value for QUIK is a neutral value.
Average True Range in percent/ATR (20)	5.66	HIGH VOLATILITY	The high ATR as a percentage value for QUIK suggests high volalility.
Average Directional Index/ADX (14)	15.28	NEGATIVE	The low ADX value for QUIK suggests a weak or negative trend.