Qualstar Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Qualstar Corporation stock price on Wednesday moving between $5.65 and $6.90
(Updated on May 01, 2024)
The Qualstar Corporation stock price fell by -1.43% on the last day (Wednesday, 1st May 2024) from $7.00 to $6.90. During the last trading day the stock fluctuated 22.12% from a day low at $5.65 to a day high of $6.90. The price has been going up and down for this period, and there has been a -2.3% loss for the last 2 weeks. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 thousand shares were bought and sold for approximately $40.02 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $6.75 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 53.98% during the next 3 months and, with a 90% probability hold a price between $10.40 and $12.86 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
QBAK Signals & Forecast
A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -7.88%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Qualstar Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Qualstar Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $7.03. On a fall, the stock will find some support from the long-term average at approximately $6.80. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for Qualstar Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $6.50 and $5.60. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Qualstar Corporation finds support just below today's level at $6.50. If this is broken, then the next support from accumulated volume will be at $5.60 and $5.19.
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 $1.25 between high and low, or 22.12%. For the last week, the stock has had daily average volatility of 5.22%.
Our recommended stop-loss: $6.65 (-3.64%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (QBAK) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Qualstar Corporation to open at $6.48, and during the day (based on 14 day Average True Range), to move between $6.61 and $7.19, which gives a possible trading interval of +/-$0.293 (+/-4.25%) up or down from last closing price. If Qualstar Corporation takes out the full calculated possible swing range there will be an estimated 8.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.99 (1.30%) than the support at $6.50 (5.80%), 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 Qualstar Corporation stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.327 Buy Candidate Unchanged
Predicted Opening Price for Qualstar Corporation of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $6.48 ( 6.04%) | $6.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QBAK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.73 | 12.08 % | |
| R2 | 7.26 | 5.16 % | ||
| R1 | 6.96 | 0.88 % | ||
| Current price: | 6.90 | |||
| Support | S1 | 6.01 | -12.96 % | |
| S2 | 5.71 | -17.23 % | ||
| S3 | 5.23 | -24.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.06 | 2.36 % | |
| R2 | 7.00 | 1.45 % | ||
| R1 | 6.99 | 1.30 % | ||
| Current price | 6.90 | |||
| Support | S1 | 6.50 | -5.80% | |
| S2 | 5.60 | -18.84% | ||
| S3 | 5.19 | -24.78% |
QBAK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 06, 2009 | Nov 27, 2009 | Dec 10, 2009 | $0.360 | 3.03% |
| 2 | Aug 28, 2009 | Sep 16, 2009 | Sep 28, 2009 | $0.360 | 2.51% |
| 3 | May 11, 2009 | May 21, 2009 | Jun 03, 2009 | $0.360 | 2.88% |
| 4 | Feb 23, 2009 | Mar 10, 2009 | Mar 25, 2009 | $0.360 | 3.03% |
| 5 | Nov 07, 2008 | Nov 24, 2008 | Dec 04, 2008 | $0.360 | 2.99% |
FAQ
Click here for our free guide on how to buy Qualstar Corporation Stock.
