Q B E Insurance Group Ltd Stock Forecast
Q B E Insurance Group Ltd stock price ended at $11.37 on Wednesday, after losing 0%.
(Updated on May 01, 2024)
No changes to the price of Q B E Insurance Group Ltd stock on the last trading day (Wednesday, 1st May 2024). During the last trading day the stock fluctuated 1.45% from a day low at $11.29 to a day high of $11.45. The price has risen in 5 of the last 10 days and is up by 0.71% over the past 2 weeks.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.19 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 6.98% during the next 3 months and, with a 90% probability hold a price between $11.97 and $13.07 at the end of this 3-month period.
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QBIEY Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.90%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Q B E Insurance Group Ltd 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 $11.47 and $11.54. 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).
Support, Risk & Stop-loss for Q B E Insurance Group Ltd stock
Q B E Insurance Group Ltd finds support from accumulated volume at $11.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.164 (1.45%) between high and low. For the last week, the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QBIEY) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Q B E Insurance Group Ltd to open at $11.37, and during the day (based on 14 day Average True Range), to move between $11.13 and $11.61, which gives a possible trading interval of +/-$0.241 (+/-2.12%) up or down from last closing price. If Q B E Insurance Group Ltd takes out the full calculated possible swing range there will be an estimated 4.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.56 (1.67%) than the support at $11.04 (2.87%), 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 Q B E Insurance Group Ltd stock A Buy?
The Q B E Insurance Group Ltd stock holds several negative signals and despite the positive trend, we believe Q B E Insurance Group Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.211 Sell Candidate Unchanged
Predicted Opening Price for Q B E Insurance Group Ltd of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$11.37 ( 0.0120%) | $11.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QBIEY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.53 | 1.43 % | |
R2 | 11.47 | 0.88 % | ||
R1 | 11.43 | 0.539 % | ||
Current price: | 11.37 | |||
Support | S1 | 11.31 | -0.563 % | |
S2 | 11.27 | -0.90 % | ||
S3 | 11.20 | -1.45 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.86 | 4.31 % | |
R2 | 11.60 | 1.98 % | ||
R1 | 11.56 | 1.67 % | ||
Current price | 11.37 | |||
Support | S1 | 11.04 | -2.87% | |
S2 | 10.55 | -7.21% | ||
S3 | 10.52 | -7.48% |
QBIEY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 06, 2024 | Mar 06, 2024 | Mar 06, 2024 | $0 | 0% |
2 | Aug 12, 2023 | Aug 21, 2023 | Sep 29, 2023 | $0.0816 | 0.81% |
3 | May 28, 2023 | Mar 06, 2023 | Apr 21, 2023 | $0.206 | 2.05% |
4 | Aug 17, 2022 | Aug 19, 2022 | Sep 30, 2022 | $0.0630 | 0.85% |
5 | Mar 02, 2022 | Mar 07, 2022 | Apr 19, 2022 | $0.136 | 1.49% |
FAQ
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