QUICKLOGIC CORP (QUIK) Stock Technical Analysis
NASDAQ:QUIK - Nasdaq - US74837P4054 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to QUIK. In the last year, QUIK was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, QUIK is a bad performer in the overall market: 88% 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 84% 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 and short term trends are both neutral. This gives a pretty neutral overall picture!
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, so some resistance may be found above.
Although the technical rating is only medium, QUIK does present a nice setup opportunity. 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. Another positive sign is the recent Pocket Pivot signal.
- 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
5.85
7.90
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.13 to 6.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.91 to 6.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 6.25 to 6.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.58 from a trend line in the daily time frame.
- Resistance @6.80 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 | NEUTRAL | NEUTRAL | The short term trend for QUIK is neutral. |
| ChartMill Relative Strength | 12.91 | NEGATIVE | QUIK has a low relative strength, it was outperformed by 87.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of QUIK is below 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) | 49.77 | 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. |
| Stochastics (14,3) | 35.12 | NEUTRAL | The Stochastics value for QUIK is a neutral value. |
| Average True Range in percent/ATR (20) | 6.82 | HIGH VOLATILITY | The high ATR as a percentage value for QUIK suggests high volalility. |
| Average Directional Index/ADX (14) | 24.76 | 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)
6.21
-0.23 (-3.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-3.57%
1 Week1.14%
2 Weeks-3.12%
1 Month4.02%
3 Month16.29%
6 Month-32.35%
12 Month-43.95%
2 Year-24.36%
3 Year-24.08%
5 Year55.64%
10 Year-67.38%
15 Year-87.07%
Volatility
ATR(14)0.42
ATR(20)%6.82%
ATR Inc2.83%
Range Today0.35
ADR(20)0.41
ADR(20)%6.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.91
Mansfield-2.14
10 Day High6.87
10 Day Low6.08
20 Day High7.24
20 Day Low5.72
52 Week High13.36
52 Week Low4.26
CS1 End6.13
CR1 Start6.25
Volume & EV
DER(3)-6.3%
DER(5)-3.69%
Volume116.60K
Volume Incr-46.13%
Vol(5)171.44K
Vol(50)217.02K