Quantum-Si incorporated Stock Forecast
Quantum-Si incorporated stock price down 2.22% on Thursday
(Updated on May 02, 2024)
The Quantum-Si incorporated stock price fell by -2.22% on the last day (Thursday, 2nd May 2024) from $1.80 to $1.76. During the last trading day the stock fluctuated 5.80% from a day low at $1.73 to a day high of $1.83. The price has risen in 6 of the last 10 days and is up by 16.56% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -569 thousand shares and in total, 321 thousand shares were bought and sold for approximately $565.17 thousand.
The stock lies in the middle of a very wide and weak 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 3.83% during the next 3 months and, with a 90% probability hold a price between $1.58 and $2.37 at the end of this 3-month period.
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QSI Signals & Forecast
The Quantum-Si incorporated stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.68 and $1.76. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 16.56%. Further rise is indicated until a new top pivot has been found. 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. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Quantum-Si incorporated stock
Quantum-Si incorporated finds support from accumulated volume at $1.70 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 $0.1000 between high and low, or 5.80%. For the last week the stock has had daily average volatility of 7.62%.
Our recommended stop-loss: $1.69 (-3.92%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (QSI) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Quantum-Si incorporated to open at $1.77, and during the day (based on 14 day Average True Range), to move between $1.63 and $1.89, which gives a possible trading interval of +/-$0.130 (+/-7.36%) up or down from last closing price. If Quantum-Si incorporated takes out the full calculated possible swing range there will be an estimated 14.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.80 (2.27%) than the support at $1.70 (3.41%), 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.
Earnings coming up
Quantum-Si incorporated will release earnings AMC on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.230. We will update the financials statements for Quantum-Si incorporated, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 14.33% in the first trading day after earnings release.
Is Quantum-Si incorporated 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 Quantum-Si incorporated stock to perform well in the short-term.
Current score: 3.032 Buy Candidate Unchanged
Predicted Opening Price for Quantum-Si incorporated of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $1.77 ( 0.568%) | $1.76 |
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 | 1.87 | 6.25 % | |
| R2 | 1.83 | 4.08 % | ||
| R1 | 1.81 | 2.74 % | ||
| Current price: | 1.76 | |||
| Support | S1 | 1.73 | -1.60 % | |
| S2 | 1.71 | -2.94 % | ||
| S3 | 1.67 | -5.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.09 | 18.75 % | |
| R2 | 1.85 | 5.11 % | ||
| R1 | 1.80 | 2.27 % | ||
| Current price | 1.76 | |||
| Support | S1 | 1.70 | -3.41% | |
| S2 | 1.67 | -5.11% | ||
| S3 | 1.61 | -8.52% |
FAQ
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