QED Connect, Inc. Stock Forecast
Red day on Friday for QED Connect, Inc. stock after losing 0%
(Updated on May 03, 2024)
No changes to the price of QED Connect, Inc. stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0007 to a day high of $0.0007. The price has been going up and down for this period, and there has been a 8.33% gain for the last 2 weeks.
The stock lies in the middle of a very wide and 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 -31.81% during the next 3 months and, with a 90% probability hold a price between $0.0002 and $0.0005 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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QEDN Signals & Forecast
The QED Connect, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0006 and $0.0006. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Thursday, March 14, 2024 and based on theory for this formation the price should go up by 23.08% to $0.0008 within 3 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for QED Connect, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0006 and $0.0006. 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, QED Connect, Inc. finds support just below today's level at $0.0006. If this is broken, then the next support from accumulated volume will be at $0.0006 and $0.0005.
In general the stock tends to have very controlled movements and therefore the general risk is considered very 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 $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 12.54%
Our recommended stop-loss: $0.0006 (-5.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (QEDN) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect QED Connect, Inc. to open at $0.0007, and during the day (based on 14 day Average True Range), to move between $0.0006 and $0.0007, which gives a possible trading interval of +/-$0.00007116 (+/-10.95%) up or down from last closing price. If QED Connect, Inc. takes out the full calculated possible swing range there will be an estimated 21.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0007 (7.69%) than the support at $0.0006 (7.69%), 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 QED Connect, Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.323 Buy Candidate Unchanged
Predicted Opening Price for QED Connect, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0007 ( 0%) | $0.0007 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QEDN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0007 | . | |
| R2 | 0.0007 | . | ||
| R1 | 0.0007 | . | ||
| Current price: | 0.0007 | |||
| Support | S1 | 0.0007 | . | |
| S2 | 0.0007 | . | ||
| S3 | 0.0007 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0008 | 23.08 % | |
| R2 | 0.0008 | 15.38 % | ||
| R1 | 0.0007 | 7.69 % | ||
| Current price | 0.0007 | |||
| Support | S1 | 0.0006 | -7.69% | |
| S2 | 0.0006 | -15.38% | ||
| S3 | 0.0005 | -23.08% |
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