Q-linea AB (publ) Stock Forecast

High volatility in Q-linea AB (publ) stock price on Friday which ended trading at kr2.46
(Updated on May 03, 2024)

QLINEA.ST Signals & Forecast

The Q-linea AB (publ) stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr2.55. On a fall, the stock will find some support from the long-term average at approximately kr2.21. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -25.34%. Further fall is indicated until a new bottom pivot has been found. 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.

Support, Risk & Stop-loss for Q-linea AB (publ) stock

On the downside, the stock finds support just below today's level from accumulated volume at kr2.22 and kr2.14. 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, Q-linea AB (publ) finds support just below today's level at kr2.22. If this is broken, then the next support from accumulated volume will be at kr2.14 and kr2.08.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved kr0.385 between high and low, or 16.04%. For the last week the stock has had daily average volatility of 36.17%.

Our recommended stop-loss: kr2.32 (-5.84%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (QLINEA.ST) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Q-linea AB (publ) to open at kr2.55, and during the day (based on 14 day Average True Range), to move between kr2.16 and kr2.76, which gives a possible trading interval of +/-kr0.301 (+/-12.22%) up or down from last closing price. If Q-linea AB (publ) takes out the full calculated possible swing range there will be an estimated 24.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr2.56 (3.86%) than the support at kr2.22 (9.76%), 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 Q-linea AB (publ) stock A Buy?

Q-linea AB (publ) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.905 Hold/Accumulate Downgraded

Predicted Opening Price for Q-linea AB (publ) of Monday, May 6, 2024

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