Quantgate Systems Inc Stock Forecast
Quantgate Systems Inc stock price up more than 63.37% on Tuesday
(Updated on Jun 25, 2024)
The Quantgate Systems Inc stock price gained 63.37% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0101 to $0.0165. During the last trading day the stock fluctuated 9.09% from a day low at $0.0165 to a day high of $0.0180. The price has fallen in 4 of the last 10 days and is down by -9.84% for this period. Volume fell on the last day by -192 thousand shares and in total, 33 thousand shares were bought and sold for approximately $546.66 . 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 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 -50.53% during the next 3 months and, with a 90% probability hold a price between $0.0005 and $0.0122 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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QGSI Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 63.37%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Quantgate Systems 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 $0.0173 and $0.0174. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Quantgate Systems Inc stock
Quantgate Systems Inc finds support from accumulated volume at $0.0160 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0015 between high and low, or 9.09%. For the last week the stock has had daily average volatility of 12.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QGSI) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Quantgate Systems Inc to open at $0.0170, and during the day (based on 14 day Average True Range), to move between $0.0129 and $0.0201, which gives a possible trading interval of +/-$0.0036 (+/-21.89%) up or down from last closing price. If Quantgate Systems Inc takes out the full calculated possible swing range there will be an estimated 43.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0160 (3.03%) than the resistance at $0.0180 (9.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Quantgate Systems Inc stock A Buy?
Quantgate Systems Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.056 Sell Candidate Downgraded
Predicted Opening Price for Quantgate Systems Inc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0170 ( 3.03%) | $0.0165 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QGSI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0185 | 12.12% |
| R2 | 0.0179 | 8.65% |
| R1 | 0.0176 | 6.50% |
| Price | 0.0165 | |
| S1 | 0.0164 | -0.442% |
| S2 | 0.0161 | -2.59% |
| S3 | 0.0155 | -6.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0200 | 21.21% |
| R2 | 0.0199 | 20.61% |
| R1 | 0.0180 | 9.09% |
| Price | 0.0165 | |
| S1 | 0.0160 | -3.03% |
| S2 | 0.0150 | -9.09% |
| S3 | 0.0143 | -13.58% |
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