Quantum-Si incorporated Stock Forecast
Green day on Friday for Quantum-Si incorporated
(Updated on Apr 19, 2024)
The Quantum-Si incorporated stock price gained 3.97% on the last trading day (Friday, 19th Apr 2024), rising from $1.51 to $1.57. During the last trading day the stock fluctuated 7.12% from a day low at $1.48 to a day high of $1.58. The price has fallen in 7 of the last 10 days and is down by -13.74% for this period. Volume fell on the last day by -27 thousand shares and in total, 729 thousand shares were bought and sold for approximately $1.15 million. 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 weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.51 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 8.24% during the next 3 months and, with a 90% probability hold a price between $1.64 and $2.50 at the end of this 3-month period.
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QSI Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 3.97%. 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 Quantum-Si incorporated 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 $1.63 and $1.81. 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 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 also not.
Support, Risk & Stop-loss for Quantum-Si incorporated stock
Quantum-Si incorporated finds support from accumulated volume at $1.56 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 $0.105 between high and low, or 7.12%. For the last week the stock has had daily average volatility of 8.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QSI) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Quantum-Si incorporated to open at $1.54, and during the day (based on 14 day Average True Range), to move between $1.44 and $1.70, which gives a possible trading interval of +/-$0.134 (+/-8.57%) up or down from last closing price. If Quantum-Si incorporated takes out the full calculated possible swing range there will be an estimated 17.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.56 (0.64%) than the resistance at $1.77 (12.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Quantum-Si incorporated stock A Buy?
The Quantum-Si incorporated stock holds several negative signals and despite the positive trend, we believe Quantum-Si incorporated will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.806 Sell Candidate Unchanged
Predicted Opening Price for Quantum-Si incorporated of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $1.54 ( 1.80%) | $1.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QSI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.65 | 4.88 % | |
| R2 | 1.61 | 2.33 % | ||
| R1 | 1.58 | 0.750 % | ||
| Current price: | 1.57 | |||
| Support | S1 | 1.50 | -4.36 % | |
| S2 | 1.48 | -5.94 % | ||
| S3 | 1.44 | -8.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.85 | 17.83 % | |
| R2 | 1.82 | 15.92 % | ||
| R1 | 1.77 | 12.74 % | ||
| Current price | 1.57 | |||
| Support | S1 | 1.56 | -0.637% | |
| S2 | 1.55 | -1.27% | ||
| S3 | 1.44 | -8.28% |
FAQ
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