QAF Limited Stock Forecast

QAF Limited stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)

Q01.SI Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The QAF Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at S$0.81 and S$0.84. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for QAF Limited stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved S$0.0050 between high and low, or 0.621%. For the last week the stock has had daily average volatility of 0.495%.

Our recommended stop-loss: S$0.753 (-6.52%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (Q01.SI) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect QAF Limited to open at S$0.81, and during the day (based on 14 day Average True Range), to move between S$0.798 and S$0.81, which gives a possible trading interval of +/-S$0.0068 (+/-0.84%) up or down from last closing price. If QAF Limited takes out the full calculated possible swing range there will be an estimated 1.68% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ S$0.82, some S$0.0100 (1.24%) from the current price of S$0.81, our system finds the risk reward not very attractive.

Is QAF Limited stock A Buy?

QAF Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.660 Hold/Accumulate Upgraded

Predicted Opening Price for QAF Limited of Monday, May 20, 2024

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