Questerre Energy Corporation Class A Stock Forecast

On Friday, Questerre Energy Corporation Class A stock price gained an impressive 16.28%
(Updated on Jun 28, 2024)

QEC.TO Signals & Forecast

The Questerre Energy Corporation Class A stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.231 and $0.243. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 16.28%. Further rise is indicated until a new top pivot has been found. Questerre Energy Corporation Class A has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Questerre Energy Corporation Class A stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.235 and $0.225. 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, Questerre Energy Corporation Class A finds support just below today's level at $0.235. If this is broken, then the next support from accumulated volume will be at $0.225 and $0.220.

This stock may move much during the 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 $0.0050 between high and low, or 2.04%. For the last week, the stock has had daily average volatility of 3.16%.

Our recommended stop-loss: $0.238 (-4.75%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (QEC.TO) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Questerre Energy Corporation Class A to open at $0.248, and during the day (based on 14 day Average True Range), to move between $0.235 and $0.265, which gives a possible trading interval of +/-$0.0151 (+/-6.03%) up or down from last closing price. If Questerre Energy Corporation Class A takes out the full calculated possible swing range there will be an estimated 12.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.235 (6.00%) than the resistance at $0.270 (8.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Questerre Energy Corporation Class A stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Questerre Energy Corporation Class A stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.463 Buy Candidate Upgraded

Predicted Opening Price for Questerre Energy Corporation Class A of Tuesday, July 2, 2024

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