Qurate Retail Inc. Class A Stock Forecast
Big movements in Qurate Retail Inc. Class A stock price on Tuesday moving 10.56% between high and low
(Updated on Jul 02, 2024)
The Qurate Retail Inc. Class A stock price gained 9.72% on the last trading day (Tuesday, 2nd Jul 2024), rising from $0.623 to $0.684. During the last trading day the stock fluctuated 10.56% from a day low at $0.619 to a day high of $0.684. The price has fallen in 6 of the last 10 days and is down by -0.77% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $3.34 million.
Given the current short-term trend, the stock is expected to fall -40.93% during the next 3 months and, with a 90% probability hold a price between $0.336 and $0.404 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
QRTEA Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 11.19%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Qurate Retail Inc. Class A stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.699. On a fall, the stock will find some support from the short-term average at $0.638. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Qurate Retail Inc. Class A stock
Qurate Retail Inc. Class A finds support from accumulated volume at $0.672 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 $0.0653 between high and low, or 10.56%. For the last week, the stock has had daily average volatility of 7.54%.
Our recommended stop-loss: $0.647 (-5.33%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (QRTEA) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Qurate Retail Inc. Class A to open at $0.662, and during the day (based on 14 day Average True Range), to move between $0.631 and $0.736, which gives a possible trading interval of +/-$0.0524 (+/-7.67%) up or down from last closing price. If Qurate Retail Inc. Class A takes out the full calculated possible swing range there will be an estimated 15.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.672 (1.70%) than the resistance at $0.700 (2.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Qurate Retail Inc. Class A stock A Buy?
Qurate Retail Inc. Class A holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.372 Hold/Accumulate Upgraded
Predicted Opening Price for Qurate Retail Inc. Class A of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.662 ( 3.18%) | $0.684 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QRTEA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.727 | 6.37% |
| R2 | 0.702 | 2.72% |
| R1 | 0.687 | 0.465% |
| Price | 0.684 | |
| S1 | 0.637 | -6.83% |
| S2 | 0.622 | -9.08% |
| S3 | 0.597 | -12.73% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.83 | 21.38% |
| R2 | 0.775 | 13.28% |
| R1 | 0.700 | 2.37% |
| Price | 0.684 | |
| S1 | 0.672 | -1.70% |
| S2 | 0.649 | -5.05% |
| S3 | 0.649 | -5.06% |
QRTEA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 04, 2021 | Nov 12, 2021 | Nov 22, 2021 | $1.25 | 15.21% |
| 2 | Nov 20, 2020 | Nov 27, 2020 | Dec 07, 2020 | $1.50 | 14.69% |
| 3 | Aug 21, 2020 | Sep 15, 2020 | Sep 14, 2020 | $1.50 | 13.71% |
| 4 | Aug 21, 2020 | Aug 28, 2020 | Sep 14, 2020 | $1.50 | 13.71% |
FAQ
Click here for our free guide on how to buy Qurate Retail Inc. Class A Stock.
