Questor Technology Inc. Stock Forecast
Questor Technology Inc. stock price up more than 5.38% on Thursday
(Updated on Jun 20, 2024)
The Questor Technology Inc. stock price gained 5.38% on the last trading day (Thursday, 20th Jun 2024), rising from $0.465 to $0.490. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.08% from a day low at $0.480 to a day high of $0.490. The price has risen in 5 of the last 10 days and is up by 8.89% over the past 2 weeks. Volume fell on the last day by -76 thousand shares and in total, 43 thousand shares were bought and sold for approximately $21.02 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 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 -20.75% during the next 3 months and, with a 90% probability hold a price between $0.282 and $0.439 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.
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QST.V Signals & Forecast
There are mixed signals in the stock today. The Questor Technology Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.516. On a fall, the stock will find some support from the short-term average at $0.413. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 34.25%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Questor Technology Inc. stock
Questor Technology Inc. finds support from accumulated volume at $0.475 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0100 between high and low, or 2.08%. For the last week the stock has had daily average volatility of 7.26%.
Our recommended stop-loss: $0.473 (-3.56%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (QST.V) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Questor Technology Inc. to open at $0.487, and during the day (based on 14 day Average True Range), to move between $0.463 and $0.517, which gives a possible trading interval of +/-$0.0269 (+/-5.50%) up or down from last closing price. If Questor Technology Inc. takes out the full calculated possible swing range there will be an estimated 10.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.475 (3.06%) than the resistance at $0.550 (12.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Questor Technology Inc. stock A Buy?
Questor Technology Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.675 Hold/Accumulate Unchanged
Predicted Opening Price for Questor Technology Inc. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $0.487 ( 0.680%) | $0.490 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QST.V
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.497 | 1.36% |
| R2 | 0.493 | 0.581% |
| R1 | 0.490 | 0.0993% |
| Price | 0.490 | |
| S1 | 0.483 | -1.46% |
| S2 | 0.480 | -1.94% |
| S3 | 0.477 | -2.72% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.600 | 22.45% |
| R2 | 0.580 | 18.37% |
| R1 | 0.550 | 12.24% |
| Price | 0.490 | |
| S1 | 0.475 | -3.06% |
| S2 | 0.465 | -5.10% |
| S3 | 0.450 | -8.16% |
FAQ
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