Q-linea AB (publ) Stock Forecast
Q-linea AB (publ) stock price down 0.91% on Friday
(Updated on May 17, 2024)
The Q-linea AB (publ) stock price fell by -0.91% on the last day (Friday, 17th May 2024) from kr2.20 to kr2.18. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.94% from a day low at kr2.16 to a day high of kr2.24. The price has fallen in 7 of the last 10 days and is down by -14.68% for this period. Volume has increased on the last day by 57 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 101 thousand shares were bought and sold for approximately kr219.96 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr2.03 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.77% during the next 3 months and, with a 90% probability hold a price between kr2.13 and kr3.49 at the end of this 3-month period.
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QLINEA.ST Signals & Forecast
There are few to no technical positive signals at the moment. The Q-linea AB (publ) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at kr2.26 and kr2.23. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -33.84%. 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). Q-linea AB (publ) gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Q-linea AB (publ) stock
Q-linea AB (publ) finds support from accumulated volume at kr2.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved kr0.0850 between high and low, or 3.94%. For the last week, the stock has had daily average volatility of 5.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QLINEA.ST) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Q-linea AB (publ) to open at kr2.19, and during the day (based on 14 day Average True Range), to move between kr1.94 and kr2.42, which gives a possible trading interval of +/-kr0.239 (+/-10.97%) 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 21.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr2.22 (1.83%) than the support at kr2.14 (1.83%), 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?
The Q-linea AB (publ) stock holds several negative signals and despite the positive trend, we believe Q-linea AB (publ) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.835 Sell Candidate Unchanged
Predicted Opening Price for Q-linea AB (publ) of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| kr2.19 ( 0.535%) | kr2.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QLINEA.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.28 | 4.43 % | |
| R2 | 2.24 | 2.94 % | ||
| R1 | 2.22 | 2.02 % | ||
| Current price: | 2.18 | |||
| Support | S1 | 2.16 | -0.95 % | |
| S2 | 2.14 | -1.87 % | ||
| S3 | 2.11 | -3.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.56 | 17.20 % | |
| R2 | 2.24 | 2.75 % | ||
| R1 | 2.22 | 1.83 % | ||
| Current price | 2.18 | |||
| Support | S1 | 2.14 | -1.83% | |
| S2 | 2.12 | -2.75% | ||
| S3 | 2.08 | -4.59% |
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