Qualys Stock Forecast
Red day on Friday for Qualys stock after losing 0.380%
(Updated on May 03, 2024)
The Qualys stock price fell by -0.380% on the last day (Friday, 3rd May 2024) from $166.00 to $165.37. During the last trading day the stock fluctuated 3.91% from a day low at $162.40 to a day high of $168.75. The price has risen in 6 of the last 10 days and is up by 1.11% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -17 thousand shares and in total, 346 thousand shares were bought and sold for approximately $57.19 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Qualys stock with a 90% probability to be traded between $153.49 and $170.34 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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QLYS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 0.89%. 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 Qualys 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 $166.99 and $166.18. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Qualys stock
Qualys finds support from accumulated volume at $164.57 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $6.35 between high and low, or 3.91%. For the last week the stock has had daily average volatility of 2.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QLYS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Qualys to open at $165.51, and during the day (based on 14 day Average True Range), to move between $161.05 and $169.69, which gives a possible trading interval of +/-$4.32 (+/-2.61%) up or down from last closing price. If Qualys takes out the full calculated possible swing range there will be an estimated 5.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $164.57 (0.48%) than the resistance at $168.24 (1.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Qualys will release earnings AMC on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.31. We will update the financials statements for Qualys, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.99% in the first trading day after earnings release.
Is Qualys stock A Buy?
Qualys 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: -1.842 Sell Candidate Unchanged
Predicted Opening Price for Qualys of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $165.51 ( 0.0827%) | $165.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QLYS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 171.86 | 3.92 % | |
| R2 | 169.43 | 2.46 % | ||
| R1 | 167.93 | 1.55 % | ||
| Current price: | 165.37 | |||
| Support | S1 | 163.08 | -1.38 % | |
| S2 | 161.58 | -2.29 % | ||
| S3 | 159.16 | -3.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 176.79 | 6.91 % | |
| R2 | 169.65 | 2.59 % | ||
| R1 | 168.24 | 1.74 % | ||
| Current price | 165.37 | |||
| Support | S1 | 164.57 | -0.484% | |
| S2 | 162.75 | -1.58% | ||
| S3 | 159.47 | -3.57% |
FAQ
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