Quantum Foods Holdings Ltd Stock Forecast
Quantum Foods Holdings Ltd stock price up 2.92% on Tuesday
(Updated on Jun 25, 2024)
The Quantum Foods Holdings Ltd stock price gained 2.92% on the last trading day (Tuesday, 25th Jun 2024), rising from $1,506.00 to $1,550.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.0646% from a day low at $1,549.00 to a day high of $1,550.00. The price has risen in 6 of the last 10 days but is still down by -3.13% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 485 more shares were traded than the day before. In total, 545 shares were bought and sold for approximately $844.75 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.70% during the next 3 months and, with a 90% probability hold a price between $985.26 and $1,738.69 at the end of this 3-month period.
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QFH.JO Signals & Forecast
The Quantum Foods Holdings Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1,437.29 and $1,463.66. A breakdown below any of these levels will issue sell signals. Quantum Foods Holdings Ltd 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. Higher liquidity also reduces the general risk. 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 13, 2024, and so far it has fallen -11.43%. 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).
Support, Risk & Stop-loss for Quantum Foods Holdings Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at $1,408.00 and $1,350.00. 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, Quantum Foods Holdings Ltd finds support just below today's level at $1,408.00. If this is broken, then the next support from accumulated volume will be at $1,350.00 and $1,300.00.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.00 between high and low, or 0.0646%. For the last week, the stock has had daily average volatility of 1.95%.
Our recommended stop-loss: $1,456.38 (-6.04%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 52 days ago.)
Trading Expectations (QFH.JO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Quantum Foods Holdings Ltd to open at $1,549.67, and during the day (based on 14 day Average True Range), to move between $1,438.82 and $1,661.18, which gives a possible trading interval of +/-$111.18 (+/-7.17%) up or down from last closing price. If Quantum Foods Holdings Ltd takes out the full calculated possible swing range there will be an estimated 14.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1,600.00 (3.23%) than the support at $1,408.00 (9.16%), 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 Quantum Foods Holdings Ltd stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.631 Buy Candidate Unchanged
Predicted Opening Price for Quantum Foods Holdings Ltd of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$1,549.67 ( 0.0215%) | $1,550.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QFH.JO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,550.67 | 0.0430% |
R2 | 1,550.28 | 0.0184% |
R1 | 1,550.05 | 0.0031% |
Price | 1,550.00 | |
S1 | 1,549.28 | -0.0462% |
S2 | 1,549.05 | -0.0614% |
S3 | 1,548.67 | -0.0860% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,830.00 | 18.06% |
R2 | 1,650.00 | 6.45% |
R1 | 1,600.00 | 3.23% |
Price | 1,550.00 | |
S1 | 1,408.00 | -9.16% |
S2 | 1,350.00 | -12.90% |
S3 | 1,300.00 | -16.13% |
QFH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 22, 2022 | Jun 22, 2022 | Jun 22, 2022 | $8.00 | 1.74% |
2 | Jan 13, 2021 | Jan 13, 2021 | Jan 13, 2021 | $10.00 | 1.67% |
3 | Jun 17, 2020 | Jun 17, 2020 | Jun 17, 2020 | $6.00 | 1.34% |
4 | Jan 15, 2020 | Jan 15, 2020 | Jan 15, 2020 | $10.00 | 2.64% |
5 | Jun 19, 2019 | Jun 19, 2019 | Jun 19, 2019 | $8.00 | 2.28% |
FAQ
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