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 QLI
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Volatile ride for Qilian International Holding Group Ltd stock price on Thursday moving between $0.570 and $0.690
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 26, 2024 Gain 14.98% PDF

The Qilian International Holding Group Ltd stock price gained 13.08% on the last trading day (Thursday, 28th Mar 2024), rising from $0.610 to $0.690. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 21.05% from a day low at $0.570 to a day high of $0.690. The price has risen in 7 of the last 10 days and is up by 1.62% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $1.68 million.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.745 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.38% during the next 3 months and, with a 90% probability hold a price between $0.387 and $0.720 at the end of this 3-month period.

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QLI Signals & Forecast

Mostly positive signals in the chart today. The Qilian International Holding Group Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.608 and $0.571. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 28, 2024, and so far it has risen 68.27%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Qilian International Holding Group Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.650 and $0.600. 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, Qilian International Holding Group Ltd finds support just below today's level at $0.650. If this is broken, then the next support from accumulated volume will be at $0.600 and $0.550.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.120 between high and low, or 21.05%. For the last week, the stock has had daily average volatility of 9.19%.

Our recommended stop-loss: $0.660 (-4.33%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 21 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Qilian International Holding Group Limited to open at $0.650, and during the day (based on 14 day Average True Range), to move between $0.630 and $0.750, which gives a possible trading interval of +/-$0.0598 (+/-8.66%) up or down from last closing price. If Qilian International Holding Group Limited takes out the full calculated possible swing range there will be an estimated 17.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.650 (5.78%) than the resistance at $0.771 (11.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Qilian International Holding Group Limited stock A Buy?

Qilian International Holding Group Ltd holds several positive signals and despite the stock being in a falling trend, we considered it to be a good choice at these current levels. We expect Qilian International Holding Group Ltd stock will perform very well in the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 5.127 Strong Buy Candidate Upgraded

Predicted Opening Price for Qilian International Holding Group Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.650 ( 5.79%) $0.690

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

Trading levels for QLI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.770 11.61 %
R2 0.724 4.96 %
R1 0.696 0.86 %
Current price: 0.690
Support S1 0.604 -12.43 %
S2 0.576 -16.54 %
S3 0.530 -23.18 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0.771 11.81 %
Current price 0.690
Support S1 0.650 -5.78%
S2 0.600 -13.03%
S3 0.550 -20.25%

QLI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 26, 2023 Feb 27, 2023 Mar 06, 2023 $0.0500 3.76%

FAQ

What is the symbol for Qilian International Holding Group Limited Stock and on which exchange is it traded?
The symbol for Qilian International Holding Group Limited is QLI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Qilian International Holding Group Limited Stock?
Qilian International Holding Group Ltd holds several positive signals and despite the stock being in a falling trend, we considered it to be a good choice at these current levels. We expect Qilian International Holding Group Ltd stock will perform very well in the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

How to buy Qilian International Holding Group Limited Stock?
Qilian International Holding Group Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Qilian International Holding Group Limited Stock.

What's the current price of Qilian International Holding Group Limited Stock?
As of the end of day on the 2024-03-28, the price of an Qilian International Holding Group Limited (QLI) share was $0.690.

What is the 52-week high and low for Qilian International Holding Group Limited Stock?
The 52-week high for Qilian International Holding Group Limited Stock is $1.35 and the 52-week low is $0.355.

What is the market capitalization of Qilian International Holding Group Limited Stock?
As of the 2024-03-28, the market capitalization of Qilian International Holding Group Limited is 21.45M.

When is the next earnings date for Qilian International Holding Group Limited?
The upcoming earnings date for Qilian International Holding Group Limited is Apr 19, 2024.
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About Qilian International Holding Group Limited

Qilian International Holding Group Limited engages in the research, development, and production of active pharmaceutical ingredients (APIs), traditional Chinese medicine derivatives (TCMD), and other by-products in China. The company offers licorice products, including Gan Di Xin, an antitussive and expectorant medicine; Qilian Shan Licorice Extract, an ingredient for pharmaceutical companies to manufacture traditional licorice tablets; and Qilia... QLI Profile

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