Quantum-si Incorporated Stock Forecast
Volatile ride for Quantum-si Incorporated stock price on Wednesday moving between $0.120 and $0.155
(Updated on Jun 26, 2024)
The Quantum-si Incorporated stock price fell by -6.58% on the last day (Wednesday, 26th Jun 2024) from $0.155 to $0.145. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 29.06% from a day low at $0.120 to a day high of $0.155. The price has fallen in 7 of the last 10 days and is down by -19.56% for this period. Volume has increased on the last day by 11 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, 13 thousand shares were bought and sold for approximately $1.81 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -36.69% during the next 3 months and, with a 90% probability hold a price between $0.0756 and $0.123 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.
QSIAW Signals & Forecast
There are few to no technical positive signals at the moment. 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 $0.158 and $0.183. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -33.58%. 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). Quantum-si Incorporated 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 Quantum-si Incorporated 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 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 $0.0349 between high and low, or 29.06%. For the last week, the stock has had daily average volatility of 9.76%.
Quantum-si Incorporated is oversold on RSI14 (25). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QSIAW) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Quantum-si Incorporated to open at $0.140, and during the day (based on 14 day Average True Range), to move between $0.131 and $0.158, which gives a possible trading interval of +/-$0.0137 (+/-9.46%) up or down from last closing price. If Quantum-si Incorporated takes out the full calculated possible swing range there will be an estimated 18.91% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.168, some $0.0230 (15.88%) from the current price of $0.145, our system finds the risk reward not very attractive.
Is Quantum-si Incorporated stock A Buy?
Quantum-si Incorporated 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -7.692 Strong Sell Candidate Downgraded
Predicted Opening Price for Quantum-si Incorporated of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $0.140 ( 3.34%) | $0.145 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QSIAW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.175 | 20.76% |
| R2 | 0.162 | 11.56% |
| R1 | 0.153 | 5.87% |
| Price | 0.145 | |
| S1 | 0.127 | -12.54% |
| S2 | 0.118 | -18.23% |
| S3 | 0.105 | -27.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.180 | 24.31% |
| R2 | 0.171 | 18.16% |
| R1 | 0.168 | 15.88% |
| Price | 0.145 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Quantum-si Incorporated Stock.
