Quantum Numbers Corp. Stock Forecast
Big movements in Quantum Numbers Corp. stock price on Tuesday moving 37.33% between high and low
(Updated on Jun 25, 2024)
The Quantum Numbers Corp. stock price gained 3.90% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0770 to $0.0800. During the last trading day the stock fluctuated 37.33% from a day low at $0.0750 to a day high of $0.103. The price has been going up and down for this period, and there has been a -22.33% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 27 thousand shares were bought and sold for approximately $2.12 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0742 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.04% during the next 3 months and, with a 90% probability hold a price between $0.0675 and $0.101 at the end of this 3-month period.
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QNCCF Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 3.90%. Further rise is indicated until a new top pivot has been found. Quantum Numbers Corp. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Quantum Numbers Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0844 and $0.0980. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Quantum Numbers Corp. stock
Quantum Numbers Corp. finds support from accumulated volume at $0.0770 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 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 $0.0280 between high and low, or 37.33%. For the last week, the stock has had daily average volatility of 13.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QNCCF) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Quantum Numbers Corp. to open at $0.0860, and during the day (based on 14 day Average True Range), to move between $0.0715 and $0.0885, which gives a possible trading interval of +/-$0.0085 (+/-10.58%) up or down from last closing price. If Quantum Numbers Corp. takes out the full calculated possible swing range there will be an estimated 21.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0770 (3.75%) than the resistance at $0.0890 (11.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Quantum Numbers Corp. stock A Buy?
Quantum Numbers Corp. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.000 Sell Candidate Upgraded
Predicted Opening Price for Quantum Numbers Corp. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0860 ( 7.50%) | $0.0800 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QNCCF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.114 | 42.50% |
| R2 | 0.103 | 29.13% |
| R1 | 0.0967 | 20.87% |
| Price | 0.0800 | |
| S1 | 0.0753 | -5.87% |
| S2 | 0.0687 | -14.13% |
| S3 | 0.0580 | -27.50% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0996 | 24.50% |
| R2 | 0.0900 | 12.50% |
| R1 | 0.0890 | 11.25% |
| Price | 0.0800 | |
| S1 | 0.0770 | -3.75% |
| S2 | 0.0751 | -6.13% |
| S3 | 0 | - |
FAQ
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