Quest Resource Holding Corporation. Stock Forecast
Quest Resource Holding Corporation. stock price up 3.88% on Wednesday
(Updated on Apr 24, 2024)
The Quest Resource Holding Corporation. stock price gained 3.88% on the last trading day (Wednesday, 24th Apr 2024), rising from $9.03 to $9.38. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.37% from a day low at $9.03 to a day high of $9.43. The price has risen in 6 of the last 10 days and is up by 4.8% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 50 thousand shares were bought and sold for approximately $473.47 thousand.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 38.12% during the next 3 months and, with a 90% probability hold a price between $11.25 and $13.88 at the end of this 3-month period.
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QRHC Signals & Forecast
The Quest Resource Holding Corporation. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $8.93 and $8.23. A breakdown below any of these levels will issue sell signals. Quest Resource Holding Corporation. 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. Higher liquidity also reduces the general risk. 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 Thursday, April 04, 2024, and so far it has fallen -0.425%. 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). The stock had a Golden Star Signal on Tuesday, February 20, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, February 20, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Quest Resource Holding Corporation. stock
Quest Resource Holding Corporation. finds support from accumulated volume at $9.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.395 between high and low, or 4.37%. For the last week, the stock has had daily average volatility of 4.04%.
Our recommended stop-loss: $9.00 (-4.07%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (QRHC) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Quest Resource Holding Corporation. to open at $9.28, and during the day (based on 14 day Average True Range), to move between $8.95 and $9.81, which gives a possible trading interval of +/-$0.431 (+/-4.60%) up or down from last closing price. If Quest Resource Holding Corporation. takes out the full calculated possible swing range there will be an estimated 9.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.40 (0.21%) than the support at $9.16 (2.35%), 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 Quest Resource Holding Corporation. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Quest Resource Holding Corporation. stock to perform well in the short-term.
Current score: 3.829 Buy Candidate Unchanged
Predicted Opening Price for Quest Resource Holding Corporation. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $9.28 ( 1.08%) | $9.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QRHC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.67 | 3.13 % | |
| R2 | 9.52 | 1.52 % | ||
| R1 | 9.43 | 0.525 % | ||
| Current price: | 9.38 | |||
| Support | S1 | 9.13 | -2.69 % | |
| S2 | 9.03 | -3.69 % | ||
| S3 | 8.88 | -5.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 9.42 | 0.426 % | ||
| R1 | 9.40 | 0.213 % | ||
| Current price | 9.38 | |||
| Support | S1 | 9.16 | -2.35% | |
| S2 | 7.64 | -18.55% | ||
| S3 | 7.08 | -24.52% |
FAQ
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