RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of QDEL
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Red day on Thursday for Quidel Corporation
(Updated on Mar 28, 2024)

Hold candidate since Mar 27, 2024 Loss -0.66% PDF

The Quidel Corporation stock price fell by -0.663% on the last day (Thursday, 28th Mar 2024) from $48.26 to $47.94. During the last trading day the stock fluctuated 2.49% from a day low at $47.87 to a day high of $49.06. The price has fallen in 6 of the last 10 days but is still up by 0.97% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -176 thousand shares and in total, 516 thousand shares were bought and sold for approximately $24.72 million.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $50.17 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -42.40% during the next 3 months and, with a 90% probability hold a price between $14.29 and $28.90 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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QDEL Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, February 16, 2024, and so far it has risen 14.80%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Quidel Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $48.81. On a fall, the stock will find some support from the short-term average at $47.46. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Quidel Corporation stock

Quidel Corporation finds support from accumulated volume at $46.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.19 between high and low, or 2.49%. For the last week, the stock has had daily average volatility of 2.36%.

Our recommended stop-loss: $46.13 (-3.78%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 28 days ago.)

Trading Expectations (QDEL) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Quidel Corporation to open at $48.29, and during the day (based on 14 day Average True Range), to move between $46.14 and $49.74, which gives a possible trading interval of +/-$1.80 (+/-3.75%) up or down from last closing price. If Quidel Corporation takes out the full calculated possible swing range there will be an estimated 7.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $48.41 (0.98%) than the support at $46.59 (2.82%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Quidel Corporation stock A Buy?

Quidel Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.480 Hold/Accumulate Unchanged

Predicted Opening Price for Quidel Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$48.29 ( 0.730%) $47.94

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for QDEL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 49.48 3.21 %
R2 49.03 2.26 %
R1 48.74 1.68 %
Current price: 47.94
Support S1 47.84 -0.218 %
S2 47.55 -0.80 %
S3 47.10 -1.75 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 49.48 3.21 %
R2 49.00 2.21 %
R1 48.41 0.98 %
Current price 47.94
Support S1 46.59 -2.82%
S2 45.27 -5.57%
S3 43.98 -8.26%

FAQ

What is the symbol for Quidel Corporation Stock and on which exchange is it traded?
The symbol for Quidel Corporation is QDEL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Quidel Corporation Stock?
Quidel Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Quidel Corporation Stock?
Quidel Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Quidel Corporation Stock.

What's the current price of Quidel Corporation Stock?
As of the end of day on the 2024-03-28, the price of an Quidel Corporation (QDEL) share was $47.94.

What is the 52-week high and low for Quidel Corporation Stock?
The 52-week high for Quidel Corporation Stock is $98.67 and the 52-week low is $41.75.

What is the market capitalization of Quidel Corporation Stock?
As of the 2024-03-28, the market capitalization of Quidel Corporation is 3.205B.

When is the next earnings date for Quidel Corporation?
The upcoming earnings date for Quidel Corporation is May 01, 2024.
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About Quidel Corporation

Quidel QuidelOrtho Corporation provides various in vitro diagnostics products worldwide. The company's product portfolio covers a range of point-of-care tests for infectious diseases, critical cardiac health and autoimmune biomarkers, and clinical and at-home products to detect COVID-19. It provides visually-read lateral flow products in infectious disease and reproductive health; direct fluorescent antibodies in infectious disease and virology; micro-t... QDEL Profile

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