Qiagen N.V. Stock Forecast
Green day on Friday for Qiagen N.V.
(Updated on May 03, 2024)
The Qiagen N.V. stock price gained 0.703% on the last trading day (Friday, 3rd May 2024), rising from $42.68 to $42.98. During the last trading day the stock fluctuated 1.37% from a day low at $42.92 to a day high of $43.51. The price has risen in 7 of the last 10 days and is up by 7.45% over the past 2 weeks. Volume fell on the last day by -29 thousand shares and in total, 1 million shares were bought and sold for approximately $49.95 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $43.16 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.56% during the next 3 months and, with a 90% probability hold a price between $36.11 and $40.33 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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QGEN Signals & Forecast
The Qiagen N.V. 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 $42.26 and $41.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 9.56%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
A sell signal from a double top formation was found on Monday, March 11, 2024 and based on theory for this formation the price should fall by -2.28% to $42.00 within 23 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for Qiagen N.V. stock
Qiagen N.V. finds support from accumulated volume at $42.33 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 $0.590 between high and low, or 1.37%. For the last week, the stock has had daily average volatility of 1.70%.
The Qiagen N.V. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $41.51 (-3.43%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (QGEN) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Qiagen N.V. to open at $43.14, and during the day (based on 14 day Average True Range), to move between $42.23 and $43.73, which gives a possible trading interval of +/-$0.752 (+/-1.75%) up or down from last closing price. If Qiagen N.V. takes out the full calculated possible swing range there will be an estimated 3.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $43.52 (1.26%) than the support at $42.33 (1.51%), 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 Qiagen N.V. stock A Buy?
Qiagen N.V. 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.
Current score: 0.106 Hold/Accumulate Unchanged
Predicted Opening Price for Qiagen N.V. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $43.14 ( 0.365%) | $42.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QGEN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.73 | 1.74 % | |
| R2 | 43.50 | 1.21 % | ||
| R1 | 43.36 | 0.89 % | ||
| Current price: | 42.98 | |||
| Support | S1 | 42.91 | -0.160 % | |
| S2 | 42.77 | -0.484 % | ||
| S3 | 42.55 | -1.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.80 | 4.23 % | |
| R2 | 43.82 | 1.95 % | ||
| R1 | 43.52 | 1.26 % | ||
| Current price | 42.98 | |||
| Support | S1 | 42.33 | -1.51% | |
| S2 | 42.30 | -1.58% | ||
| S3 | 42.19 | -1.84% |
QGEN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2024 | Jan 30, 2024 | Jan 30, 2024 | $1.28 | 2.94% |
| 2 | Jan 18, 2017 | Jan 25, 2017 | Jan 31, 2017 | $1.09 | 3.75% |
| 3 | Dec 26, 2002 | Dec 26, 2002 | Dec 26, 2002 | $0.0021 | 0.0364% |
FAQ
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