Q.E.P. Co., Inc. Stock Forecast

Weaker technical forecast for Q.E.P. Co., Inc. as stock downgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)

QEPC Signals & Forecast

There are mixed signals in the stock today. The Q.E.P. Co., Inc. 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 $27.45 and $27.70. A break-up above any of these levels will issue buy signals. 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 was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 1.03%. 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).

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Monday, June 17, 2024 and based on theory for this formation the price should fall by -11.76% to $23.38 within 14 trading days since signal was issued (Tuesday, July 09, 2024).

Support, Risk & Stop-loss for Q.E.P. Co., Inc. stock

Q.E.P. Co., Inc. finds support from accumulated volume at $26.35 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $1.90 between high and low, or 7.58%. For the last week the stock has had daily average volatility of 4.06%.

Our recommended stop-loss: $25.01 (-5.63%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (QEPC) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Q.E.P. Co., Inc. to open at $26.18, and during the day (based on 14 day Average True Range), to move between $25.41 and $27.59, which gives a possible trading interval of +/-$1.09 (+/-4.11%) 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 8.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $26.35 (0.57%) than the resistance at $28.00 (5.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Q.E.P. Co., Inc. stock A Buy?

Q.E.P. Co., 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.012 Hold/Accumulate Downgraded

Predicted Opening Price for Q.E.P. Co., Inc. of Wednesday, June 26, 2024

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