Quickstep Holdings Limited Stock Forecast
Quickstep Holdings Limited stock price ended at $0.185 on Friday, after losing 2.63%.
(Updated on May 10, 2024)
The Quickstep Holdings Limited stock price fell by -2.63% on the last day (Friday, 10th May 2024) from $0.190 to $0.185. During the last trading day the stock fluctuated 2.70% from a day low at $0.185 to a day high of $0.190. The price has fallen in 4 of the last 10 days and is down by -9.76% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -12 thousand shares and in total, 58 thousand shares were bought and sold for approximately $10.68 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 -13.78% during the next 3 months and, with a 90% probability hold a price between $0.145 and $0.196 at the end of this 3-month period.
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QHL.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Quickstep Holdings Limited 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 $0.189 and $0.208. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Quickstep Holdings Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0050 between high and low, or 2.70%. For the last week the stock has had daily average volatility of 2.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QHL.AX) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Quickstep Holdings Limited to open at $0.187, and during the day (based on 14 day Average True Range), to move between $0.175 and $0.195, which gives a possible trading interval of +/-$0.0097 (+/-5.25%) up or down from last closing price. If Quickstep Holdings Limited takes out the full calculated possible swing range there will be an estimated 10.51% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.210, some $0.0250 (13.51%) from the current price of $0.185, our system finds the risk reward not very attractive.
Is Quickstep Holdings Limited stock A Buy?
Quickstep Holdings Limited 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.
Current score: -4.557 Sell Candidate Unchanged
Predicted Opening Price for Quickstep Holdings Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.187 ( 0.90%) | $0.185 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QHL.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.192 | 3.60 % | |
| R2 | 0.190 | 2.57 % | ||
| R1 | 0.189 | 1.93 % | ||
| Current price: | 0.185 | |||
| Support | S1 | 0.185 | -0.132 % | |
| S2 | 0.184 | -0.769 % | ||
| S3 | 0.182 | -1.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.230 | 24.32 % | |
| R2 | 0.220 | 18.92 % | ||
| R1 | 0.210 | 13.51 % | ||
| Current price | 0.185 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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