RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of QLGN
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

High volatility in Qualigen Therapeutics Inc. stock price on Thursday which ended trading at $0.400
(Updated on Mar 28, 2024)

Sell candidate since Feb 27, 2024 Loss -18.40% PDF

No changes to the price of Qualigen Therapeutics Inc. stock on the last trading day (Thursday, 28th Mar 2024). During the last trading day the stock fluctuated 11.67% from a day low at $0.358 to a day high of $0.400. The price has fallen in 5 of the last 10 days and is down by -0.99% for this period.

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 -24.49% during the next 3 months and, with a 90% probability hold a price between $0.253 and $0.389 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.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

QLGN Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 13.09%. 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 Qualigen Therapeutics 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 $0.435. On a fall, the stock will find some support from the short-term average at $0.386. 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. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Qualigen Therapeutics Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.370 and $0.368. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Qualigen Therapeutics Inc. finds support just below today's level at $0.370. If this is broken, then the next support from accumulated volume will be at $0.368 and $0.354.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0418 between high and low, or 11.67%. For the last week the stock has had daily average volatility of 10.72%.

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

Trading Expectations (QLGN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Qualigen Therapeutics Inc. to open at $0.386, and during the day (based on 14 day Average True Range), to move between $0.361 and $0.439, which gives a possible trading interval of +/-$0.0386 (+/-9.65%) up or down from last closing price. If Qualigen Therapeutics Inc. takes out the full calculated possible swing range there will be an estimated 19.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.401 (0.25%) than the support at $0.370 (7.45%), 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 Qualigen Therapeutics Inc. stock A Buy?

Qualigen Therapeutics 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.

Current score: -2.477 Sell Candidate Unchanged

Predicted Opening Price for Qualigen Therapeutics Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.386 ( 3.48%) $0.400

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

Trading levels for QLGN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.428 6.97 %
R2 0.412 2.97 %
R1 0.402 0.509 %
Current price: 0.400
Support S1 0.370 -7.48 %
S2 0.360 -9.94 %
S3 0.344 -13.93 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.490 22.55 %
R2 0.464 16.00 %
R1 0.401 0.250 %
Current price 0.400
Support S1 0.370 -7.45%
S2 0.368 -8.05%
S3 0.354 -11.58%

FAQ

What is the symbol for Qualigen Therapeutics Inc. Stock and on which exchange is it traded?
The symbol for Qualigen Therapeutics Inc. is QLGN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Qualigen Therapeutics Inc. Stock?
Qualigen Therapeutics 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.

How to buy Qualigen Therapeutics Inc. Stock?
Qualigen Therapeutics Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Qualigen Therapeutics Inc. Stock.

What's the current price of Qualigen Therapeutics Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Qualigen Therapeutics Inc. (QLGN) share was $0.400.

What is the 52-week high and low for Qualigen Therapeutics Inc. Stock?
The 52-week high for Qualigen Therapeutics Inc. Stock is $1.25 and the 52-week low is $0.337.

What is the market capitalization of Qualigen Therapeutics Inc. Stock?
As of the 2024-03-28, the market capitalization of Qualigen Therapeutics Inc. is 2.072M.

When is the next earnings date for Qualigen Therapeutics Inc.?
The upcoming earnings date for Qualigen Therapeutics Inc. is May 07, 2024.
Click to get the best stock tips daily for free!

About Qualigen Therapeutics Inc.

Qualigen Therapeutics. Qualigen Therapeutics, Inc., a biotechnology company, develops novel therapeutic products for the treatment of cancer and infectious diseases. It offers FastPack, a rapid diagnostic testing system. The company is developing QN-302 for the treatment of pancreatic ductal adenocarcinoma; QN-247, a DNA coated gold nanoparticle cancer drug candidate that targets various cancers; RAS-F, a small-molecule RAS oncogene protein-protein inhibitor that block... QLGN Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT