Questor Technology Inc. Stock Forecast
Volatile ride for Questor Technology Inc. stock price on Thursday moving between $0.540 and $0.650
(Updated on Jul 04, 2024)
The Questor Technology Inc. stock price gained 21.57% on the last trading day (Thursday, 4th Jul 2024), rising from $0.510 to $0.620. During the last trading day the stock fluctuated 20.37% from a day low at $0.540 to a day high of $0.650. The price has risen in 6 of the last 10 days and is up by 33.33% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 23 thousand more shares were traded than the day before. In total, 26 thousand shares were bought and sold for approximately $15.87 thousand.
Given the current short-term trend, the stock is expected to fall -23.19% during the next 3 months and, with a 90% probability hold a price between $0.250 and $0.476 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
The Questor Technology Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.519 and $0.493. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 69.86%. 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). Questor Technology Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Questor Technology Inc. stock
Questor Technology Inc. finds support from accumulated volume at $0.600 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.110 between high and low, or 20.37%. For the last week, the stock has had daily average volatility of 4.47%.
Our recommended stop-loss: $0.598 (-3.50%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 42 days ago.)
Trading Expectations (QST.V) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Questor Technology Inc. to open at $0.603, and during the day (based on 14 day Average True Range), to move between $0.582 and $0.658, which gives a possible trading interval of +/-$0.0376 (+/-6.06%) up or down from last closing price. If Questor Technology Inc. takes out the full calculated possible swing range there will be an estimated 12.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.630 (1.61%) than the support at $0.600 (3.23%), 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.
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Questor Technology Inc. of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $0.603 ( 2.69%) | $0.620 |
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 | 0.713 | 15.05% |
| R2 | 0.671 | 8.28% |
| R1 | 0.645 | 4.09% |
| Price | 0.620 | |
| S1 | 0.561 | -9.47% |
| S2 | 0.535 | -13.65% |
| S3 | 0.493 | -20.43% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.630 | 1.61% |
| Price | 0.620 | |
| S1 | 0.600 | -3.23% |
| S2 | 0.570 | -8.06% |
| S3 | 0.550 | -11.29% |
FAQ
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