QS Energy, Inc Stock Forecast
Is QS Energy, Inc stock still a buy after falling -12.03% on Friday?
(Updated on May 10, 2024)
The QS Energy, Inc stock price fell by -12.03% on the last day (Friday, 10th May 2024) from $0.0399 to $0.0351. During the last trading day the stock fluctuated 6.99% from a day low at $0.0329 to a day high of $0.0352. The price has fallen in 5 of the last 10 days and is down by -31.18% for this period. Volume has increased on the last day by 41 thousand 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, 92 thousand shares were bought and sold for approximately $3.23 thousand.
The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($0.0382) are considered to be a "second chance" to get out. According to the fan-theory $0.0204 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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QSEP Signals & Forecast
There are few to no technical positive signals at the moment. The QS Energy, Inc 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 $0.0438 and $0.0527. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -40.31%. 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). QS Energy, Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for QS Energy, Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0023 between high and low, or 6.99%. For the last week, the stock has had daily average volatility of 17.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QSEP) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect QS Energy, Inc to open at $0.0344, and during the day (based on 14 day Average True Range), to move between $0.0266 and $0.0436, which gives a possible trading interval of +/-$0.0085 (+/-24.11%) up or down from last closing price. If QS Energy, Inc takes out the full calculated possible swing range there will be an estimated 48.21% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0399, some $0.0048 (13.68%) from the current price of $0.0351, our system finds the risk reward not very attractive.
Is QS Energy, Inc stock A Buy?
QS Energy, Inc 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.
Current score: -8.625 Strong Sell Candidate Unchanged
Predicted Opening Price for QS Energy, Inc of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.0344 ( 1.99%) | $0.0351 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QSEP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0367 | 4.56 % | |
| R2 | 0.0358 | 2.06 % | ||
| R1 | 0.0353 | 0.509 % | ||
| Current price: | 0.0351 | |||
| Support | S1 | 0.0335 | -4.50 % | |
| S2 | 0.0330 | -6.04 % | ||
| S3 | 0.0321 | -8.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0426 | 21.37 % | ||
| R1 | 0.0399 | 13.68 % | ||
| Current price | 0.0351 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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