Quantgate Systems Inc Stock Forecast
High volatility in Quantgate Systems Inc stock price on Friday which ended trading at $0.0130
(Updated on Jun 28, 2024)
The Quantgate Systems Inc stock price gained 30.00% on the last trading day (Friday, 28th Jun 2024), rising from $0.0100 to $0.0130. During the last trading day the stock fluctuated 63.64% from a day low at $0.0110 to a day high of $0.0180. The price has fallen in 5 of the last 10 days and is down by -51.85% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 741 thousand more shares were traded than the day before. In total, 832 thousand shares were bought and sold for approximately $10.82 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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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 Thursday, June 27, 2024, and so far it has risen 30.00%. Further rise is indicated until a new top pivot has been found. Quantgate Systems Inc 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. The very low volume increases the risk and reduces the other technical signals issued. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0169. On a fall, the stock will find some support from the short-term average at $0.0130. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Quantgate Systems Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0101 and $0.0100. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0100 may give a huge drop in the stock price.
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 $0.0070 between high and low, or 63.64%. For the last week, the stock has had daily average volatility of 38.92%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect Quantgate Systems Inc to open at $0.0140, and during the day (based on 14 day Average True Range), to move between $0.0091 and $0.0169, which gives a possible trading interval of +/-$0.0039 (+/-30.16%) up or down from last closing price. If Quantgate Systems Inc takes out the full calculated possible swing range there will be an estimated 60.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0143 (9.69%) than the support at $0.0101 (22.31%), 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 Quantgate Systems Inc stock A Buy?
Quantgate Systems Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.286 Sell Candidate Upgraded
Predicted Opening Price for Quantgate Systems Inc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.0140 ( 7.69%) | $0.0130 |
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 | 0.0210 | 61.54% |
| R2 | 0.0183 | 40.97% |
| R1 | 0.0167 | 28.26% |
| Price | 0.0130 | |
| S1 | 0.0113 | -12.88% |
| S2 | 0.0097 | -25.58% |
| S3 | 0.0070 | -46.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0160 | 23.08% |
| R2 | 0.0150 | 15.38% |
| R1 | 0.0143 | 9.69% |
| Price | 0.0130 | |
| S1 | 0.0101 | -22.31% |
| S2 | 0.0100 | -23.08% |
| S3 | 0 | - |
FAQ
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