QED Connect, Inc. Stock Forecast
Volatile ride for QED Connect, Inc. stock price on Friday moving between $0.0006 and $0.0007
(Updated on May 17, 2024)
The QED Connect, Inc. stock price gained 16.67% on the last trading day (Friday, 17th May 2024), rising from $0.0006 to $0.0007. During the last trading day the stock fluctuated 16.67% from a day low at $0.0006 to a day high of $0.0007. The price has been going up and down for this period, and there has been a 7.69% gain for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 407 thousand shares were bought and sold for approximately $284.66 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0007, a level that may pose a second chance to hit a runner. According to fan-theory $0.0010 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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QEDN Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen 0%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. 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.
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 $0.0006.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0001 between high and low, or 16.67%. For the last week the stock has had daily average volatility of 11.61%.
Our recommended stop-loss: $0.0007 (-3.34%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (QEDN) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th 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 $0.0008, which gives a possible trading interval of +/-$0.00007564 (+/-10.81%) up or down from last closing price. If QED Connect, Inc. takes out the full calculated possible swing range there will be an estimated 21.61% 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 (5.71%) than the support at $0.0006 (13.57%), 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?
QED Connect, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.431 Hold/Accumulate Upgraded
Predicted Opening Price for QED Connect, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0007 ( 4.76%) | $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 | 0.0008 | 9.52 % | |
| R2 | 0.0007 | 4.07 % | ||
| R1 | 0.0007 | 0.695 % | ||
| Current price: | 0.0007 | |||
| Support | S1 | 0.0006 | -10.22 % | |
| S2 | 0.0006 | -13.59 % | ||
| S3 | 0.0006 | -19.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0008 | 14.29 % | |
| R2 | 0.0008 | 7.14 % | ||
| R1 | 0.0007 | 5.71 % | ||
| Current price | 0.0007 | |||
| Support | S1 | 0.0006 | -13.57% | |
| S2 | 0.0006 | -14.29% | ||
| S3 | 0.0006 | -21.43% |
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