Quetta Acquisition Corp Common Stock Stock Forecast

Quetta Acquisition Corp Common Stock stock downgraded to Hold/Accumulate
(Updated on Jun 18, 2024)

QETA Signals & Forecast

The Quetta Acquisition Corp Common Stock 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 $10.34 and $10.29. A breakdown below any of these levels will issue sell signals. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -0.0966%. 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). The stock had a Golden Star Signal on Thursday, March 28, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Quetta Acquisition Corp Common Stock stock

Quetta Acquisition Corp Common Stock finds support from accumulated volume at $10.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this 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 0.0290%.

Our recommended stop-loss: $9.67 (-6.46%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (QETA) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Quetta Acquisition Corporation Common Stock to open at $10.34, and during the day (based on 14 day Average True Range), to move between $10.33 and $10.35, which gives a possible trading interval of +/-$0.0113 (+/-0.11%) up or down from last closing price. If Quetta Acquisition Corporation Common Stock takes out the full calculated possible swing range there will be an estimated 0.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.35 (0.10%) than the support at $10.26 (0.77%), 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 Quetta Acquisition Corporation Common Stock stock A Buy?

Quetta Acquisition Corp Common Stock 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: 0.148 Hold/Accumulate Downgraded

Predicted Opening Price for Quetta Acquisition Corporation Common Stock of Thursday, June 20, 2024

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