QuantaSing Group Limited Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy signal from moving average indicating potential upward movement.
Sell Signal (MA)
Sell signal from moving average indicating potential downward movement.
Stock Analysis |
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Risk Assessment |
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Trading Strategy |
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Stronger technical forecast for QuantaSing Group Limited stock price after Tuesday trading
(Updated on Nov 12, 2024)
Sell candidate since Nov 11, 2024
Gain 0.32%
The QuantaSing Group Limited stock price gained 0.317% on the last trading day (Tuesday, 12th Nov 2024), rising from $3.15 to $3.16. During the last trading day the stock fluctuated 5.86% from a day low at $3.07 to a day high of $3.25. The price has fallen in 6 of the last 10 days and is down by -5.95% for this period. Volume fell on the last day by -143 thousand shares and in total, 29 thousand shares were bought and sold for approximately $92.10 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.99 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 69.95% during the next 3 months and, with a 90% probability hold a price between $5.08 and $9.51 at the end of this 3-month period.
QSG Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The QuantaSing Group Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $3.27 and $3.20. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, October 07, 2024, and so far it has fallen -32.19%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for QuantaSing Group Limited stock
QuantaSing Group Limited finds support from accumulated volume at $3.15 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.180 between high and low, or 5.86%. For the last week the stock has had daily average volatility of 9.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QSG) For The Upcoming Trading Day Of Wednesday 13th
For the upcoming trading day on Wednesday, 13th we expect QuantaSing Group Limited to open at $3.16, and during the day (based on 14 day Average True Range), to move between $2.80 and $3.52, which gives a possible trading interval of +/-$0.362 (+/-11.45%) up or down from last closing price. If QuantaSing Group Limited takes out the full calculated possible swing range there will be an estimated 22.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.15 (0.32%) than the resistance at $3.18 (0.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is QuantaSing Group Limited stock A Buy?
The QuantaSing Group Limited stock holds several negative signals and despite the positive trend, we believe QuantaSing Group Limited will perform weakly in the next couple of days or weeks. Therefore, we 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: -4.814 Sell Candidate Upgraded
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Predicted Fair Opening Price
Predicted fair opening price on November 13, 2024 - $3.16 ( 0%).Trading levels for QSG
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3.34 | 5.70% |
R2 | 3.27 | 3.52% |
R1 | 3.23 | 2.18% |
Price | 3.16 | |
S1 | 3.09 | -2.18% |
S2 | 3.05 | -3.52% |
S3 | 2.98 | -5.70% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3.85 | 21.84% |
R2 | 3.54 | 11.87% |
R1 | 3.18 | 0.633% |
Price | 3.16 | |
S1 | 3.15 | -0.316% |
S2 | 2.97 | -6.01% |
S3 | 2.95 | -6.65% |
QSG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Oct 01, 2024 | Oct 30, 2024 | Nov 15, 2024 | $0.181 | 5.73% |
2 | Oct 28, 2024 | Oct 28, 2024 | Nov 15, 2024 | $0.181 | 5.73% |
FAQ
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