QUOT - Quotient Technology Inc Fri 13'th Jan 2017
Stock analysis for Fri 13'th Jan 2017 (Updated daily)
Buy candidate since 2017-01-13
Quotient Technology Inc Stock Analysis
Quotient Technology Inc gained 2.86% in the last trading day rising from, USD 10.50 to USD 10.80. The price has been going up and down for this period, and there has been a 0.93% gain for the last 2 weeks. Volume also increased in the last day along with the price, which is a positive technical sign, and ,in total, 56 482 more shares traded than the day before. In total there were 247 330 shares were bought and sold for approximately USD 2.67 million.
Quotient Technology Inc lays in the middle of a very wide and weak falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.1% during the next 3 months and, with 90% probability will hold a price between USD 9.23 and USD 12.21 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday January 12, 2017, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Quotient Technology Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general salessignal in the stock. On further gains, the stock will meet resistance from the long-term moving average at USD 11.44. On a fall, the stock will find some support from the short-term average at USD 10.76. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 55 and the stock is currently not being overbought or oversold
Support & Resistance
Quotient Technology Inc finds support from accumulated volume at USD 10.75, USD 10.55, and USD 9.85. On the upside the stock meets some resistance from accumulated volume at USD 11.65, USD 11.90 and USD 12.00.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved USD 0.20 between high and low, or 1.89%. For the last week, the stock has had a daily average volatility of 3.01%.
Our recommended stoploss: USD 10.48 (-2.96%) ( based on support and risk)
Several short-term signals are positive and despite the stock being in a weak falling trend we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.