Q.E.P. Co., Inc. Stock Forecast
Q.E.P. Co., Inc. stock upgraded from Hold/Accumulate to Strong Buy Candidate after Thursday trading session.
(Updated on May 23, 2024)
The Q.E.P. Co., Inc. stock price gained 0.174% on the last trading day (Thursday, 23rd May 2024), rising from $28.70 to $28.75. During the last trading day the stock fluctuated 0.88% from a day low at $28.50 to a day high of $28.75. The price has risen in 5 of the last 10 days and is up by 4.36% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $39.59 thousand.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.19% during the next 3 months and, with a 90% probability hold a price between $33.08 and $37.02 at the end of this 3-month period.
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QEPC Signals & Forecast
Mostly positive signals in the chart today. The Q.E.P. Co., 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 $28.53 and $27.53. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 12, 2024, and so far it has risen 19.69%. 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). Q.E.P. Co., Inc. 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.
Support, Risk & Stop-loss for Q.E.P. Co., Inc. stock
Q.E.P. Co., Inc. finds support from accumulated volume at $28.55 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.250 between high and low, or 0.88%. For the last week, the stock has had daily average volatility of 0.83%.
Our recommended stop-loss: $27.66 (-3.80%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 52 days ago.)
Trading Expectations (QEPC) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Q.E.P. Co., Inc. to open at $28.67, and during the day (based on 14 day Average True Range), to move between $28.03 and $29.47, which gives a possible trading interval of +/-$0.715 (+/-2.49%) up or down from last closing price. If Q.E.P. Co., Inc. takes out the full calculated possible swing range there will be an estimated 4.97% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $28.55, some $0.200 (0.70%) from the current price of $28.75, our system finds the risk reward attractive.
Is Q.E.P. Co., Inc. stock A Buy?
Q.E.P. Co., Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 5.823 Strong Buy Candidate Upgraded
Predicted Opening Price for Q.E.P. Co., Inc. of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| $28.67 ( 0.290%) | $28.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QEPC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.92 | 0.580 % | |
| R2 | 28.82 | 0.248 % | ||
| R1 | 28.76 | 0.0423 % | ||
| Current price: | 28.75 | |||
| Support | S1 | 28.57 | -0.622 % | |
| S2 | 28.51 | -0.83 % | ||
| S3 | 28.42 | -1.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 28.75 | |||
| Support | S1 | 28.55 | -0.696% | |
| S2 | 28.00 | -2.61% | ||
| S3 | 25.49 | -11.34% |
QEPC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 31, 2024 | Jun 26, 2024 | $0.200 | 0.696% |
| 2 | Jan 19, 2024 | Jan 19, 2024 | Feb 16, 2024 | $1.00 | 4.76% |
| 3 | Jul 13, 2021 | Jul 13, 2021 | Jul 13, 2021 | $0.0500 | 0.200% |
| 4 | Jan 16, 2018 | Jan 16, 2018 | Jan 16, 2018 | $1.00 | 3.38% |
FAQ
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