QANTM Intellectual Property Limited Stock Forecast

QANTM Intellectual Property Limited stock price ended at $1.54 on Friday, after losing 0.325%.
(Updated on Apr 26, 2024)

QIP.AX Signals & Forecast

There are few to no technical positive signals at the moment. The QANTM Intellectual Property 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 $1.54 and $1.55. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -6.12%. 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). 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. The stock had a Golden Star Signal on Thursday, December 14, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for QANTM Intellectual Property Limited stock

QANTM Intellectual Property Limited finds support from accumulated volume at $1.53 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.0150 between high and low, or 0.99%. For the last week the stock has had daily average volatility of 3.10%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (QIP.AX) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect QANTM Intellectual Property Limited to open at $1.53, and during the day (based on 14 day Average True Range), to move between $1.49 and $1.58, which gives a possible trading interval of +/-$0.0407 (+/-2.65%) up or down from last closing price. If QANTM Intellectual Property Limited takes out the full calculated possible swing range there will be an estimated 5.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.53 (0.65%) than the resistance at $1.58 (2.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is QANTM Intellectual Property Limited stock A Buy?

The QANTM Intellectual Property Limited stock holds several negative signals and despite the positive trend, we believe QANTM Intellectual Property Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.528 Sell Candidate Unchanged

Predicted Opening Price for QANTM Intellectual Property Limited of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.