Q.E.P. Co., Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for Q.E.P. Co., Inc. as stock downgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
No changes to the price of Q.E.P. Co., Inc. stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 7.58% from a day low at $25.07 to a day high of $26.97. The price has been going up and down for this period, and there has been a -1.85% loss for the last 2 weeks.
The stock lies in the middle of a wide and weak 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 2.49% during the next 3 months and, with a 90% probability hold a price between $26.35 and $29.69 at the end of this 3-month period.
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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).
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
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $26.18 ( 1.21%) | $26.50 |
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 | |
|---|---|---|
| R3 | 28.08 | 5.96% |
| R2 | 27.35 | 3.22% |
| R1 | 26.91 | 1.53% |
| Price | 26.50 | |
| S1 | 25.45 | -3.95% |
| S2 | 25.01 | -5.64% |
| S3 | 24.28 | -8.38% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.55 | 7.74% |
| R2 | 28.50 | 7.55% |
| R1 | 28.00 | 5.66% |
| Price | 26.50 | |
| S1 | 26.35 | -0.566% |
| S2 | 26.23 | -1.02% |
| S3 | 26.02 | -1.81% |
QEPC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 31, 2024 | Jun 26, 2024 | $0.200 | 0.794% |
| 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 | 3.55% |
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