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Quant / US Dollar Cryptocurrency Forecast

$96.20
-2.50 (-2.53%)
At Close: May 11, 2024
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 QNTUSD
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Red day on Saturday for Quant / US Dollar
(Updated on May 11, 2024)

Sell candidate since May 10, 2024 Loss -2.53% PDF

The Quant / US Dollar cryptocurrency price fell by -2.53% on the last day (Saturday, 11th May 2024) from $98.70 to $96.20. During the last trading day the cryptocurrency fluctuated 2.56% from a day low at $95.01 to a day high of $97.44. The price has risen in 6 of the last 10 days but is still down by -3.45% for this period. Volume has increased on the last day by 8 million 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, 11 million shares were bought and sold for approximately $1.01 billion.

The cryptocurrency 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 $87.76 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -9.41% during the next 3 months and, with a 90% probability hold a price between $79.50 and $122.03 at the end of this 3-month period.

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QNTUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Sunday, April 14, 2024, and so far it has risen 4.57%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Quant / US Dollar cryptocurrency 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 $98.77 and $105.13. 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). Volume rose on falling prices yesterday. This may be an early warning and the cryptocurrency should be followed more closely.

Support, Risk & Stop-loss for Quant / US Dollar cryptocurrency

Quant / US Dollar finds support from accumulated volume at $92.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $2.43 between high and low, or 2.56%. For the last week, the cryptocurrency has had daily average volatility of 3.72%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (QNTUSD) For The Upcoming Trading Day Of Sunday 12th

For the upcoming trading day on Sunday, 12th we expect Quant / US Dollar to open at $96.22, and during the day (based on 14 day Average True Range), to move between $90.12 and $102.28, which gives a possible trading interval of +/-$6.08 (+/-6.33%) up or down from last closing price. If Quant / US Dollar takes out the full calculated possible swing range there will be an estimated 12.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $92.05 (4.31%) than the resistance at $105.28 (9.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Quant / US Dollar cryptocurrency A Buy?

Quant / US Dollar 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 cryptocurrency.

Current score: -2.155 Sell Candidate Unchanged

Predicted Opening Price for Quant / US Dollar of Sunday, May 12, 2024

Fair opening price May 12, 2024 Current price
$96.22 ( 0.0173%) $96.20

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

Trading levels for QNTUSD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 98.65 2.54 %
R2 97.72 1.58 %
R1 97.14 0.98 %
Current price: 96.20
Support S1 95.29 -0.95 %
S2 94.71 -1.54 %
S3 93.79 -2.51 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 118.42 23.10 %
R2 108.61 12.90 %
R1 105.28 9.44 %
Current price 96.20
Support S1 92.05 -4.31%
S2 92.00 -4.37%
S3 0 .

FAQ

What is the symbol for Quant / US Dollar Cryptocurrency and on which exchange is it traded?
The symbol for Quant / US Dollar is QNTUSD and it is traded on the CRYPTO (Cryptocurrencies).

Should I buy or sell Quant / US Dollar Cryptocurrency?
Quant / US Dollar 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 cryptocurrency.

How to buy Quant / US Dollar Cryptocurrency?
Quant / US Dollar Cryptocurrency can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Quant / US Dollar Cryptocurrency.

What's the current price of Quant / US Dollar Cryptocurrency?
As of the end of day on the May 11, 2024, the price of an Quant / US Dollar (QNTUSD) share was $96.20.

What is the 52-week high and low for Quant / US Dollar Cryptocurrency?
The 52-week high for Quant / US Dollar Cryptocurrency is $153.83 and the 52-week low is $83.10.
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