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AI Analysis of QTTB
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Q32 Bio Inc. stock price took a fall of -5.44% on Friday
(Updated on Jun 14, 2024)

Sell candidate since Jun 04, 2024 Loss -28.97% PDF

The Q32 Bio Inc. stock price fell by -5.44% on the last day (Friday, 14th Jun 2024) from $19.68 to $18.61. During the last trading day the stock fluctuated 4.84% from a day low at $18.61 to a day high of $19.51. The price has fallen in 8 of the last 10 days and is down by -27.02% for this period. 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 -4 thousand shares and in total, 25 thousand shares were bought and sold for approximately $464.41 thousand.

Given the current short-term trend, the stock is expected to rise 29.86% during the next 3 months and, with a 90% probability hold a price between $24.17 and $43.43 at the end of this 3-month period.

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QTTB Signals & Forecast

There are few to no technical positive signals at the moment. The Q32 Bio Inc. 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 $19.96 and $26.08. 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 -39.97%. 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). 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 Q32 Bio Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $16.65 and $16.29. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Q32 Bio Inc. finds support just below today's level at $16.65. If this is broken, then the next support from accumulated volume will be at $16.29 and $16.20.

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 $0.90 between high and low, or 4.84%. For the last week the stock has had daily average volatility of 5.09%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (QTTB) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Q32 Bio Inc. to open at $18.91, and during the day (based on 14 day Average True Range), to move between $16.72 and $20.50, which gives a possible trading interval of +/-$1.89 (+/-10.18%) up or down from last closing price. If Q32 Bio Inc. takes out the full calculated possible swing range there will be an estimated 20.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $16.65 (10.53%) than the resistance at $20.65 (10.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Q32 Bio Inc. stock A Buy?

The Q32 Bio Inc. stock holds several negative signals and despite the positive trend, we believe Q32 Bio Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.456 Sell Candidate Unchanged

Predicted Opening Price for Q32 Bio Inc. of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$18.91 ( 1.61%) $18.61

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for QTTB

Fibonacci Support & Resistance Levels

Level Price
R3 19.81 6.45%
R2 19.47 4.60%
R1 19.25 3.46%
Price 18.61
S1 18.57 -0.235%
S2 18.35 -1.38%
S3 18.01 -3.22%

Accumulated Volume Support & Resistance Levels

Level Price
R3 21.98 18.11%
R2 20.81 11.82%
R1 20.65 10.96%
Price 18.61
S1 16.65 -10.53%
S2 16.29 -12.47%
S3 16.20 -12.95%

FAQ

What is the symbol for Q32 Bio Inc. Stock and on which exchange is it traded?
The symbol for Q32 Bio Inc. is QTTB and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Q32 Bio Inc. Stock?
The Q32 Bio Inc. stock holds several negative signals and despite the positive trend, we believe Q32 Bio Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Q32 Bio Inc. Stock?
Q32 Bio Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Q32 Bio Inc. Stock.

What's the current price of Q32 Bio Inc. Stock?
As of the end of day on the Jun 14, 2024, the price of an Q32 Bio Inc. (QTTB) share was $18.61.

What is the 52-week high and low for Q32 Bio Inc. Stock?
The 52-week high for Q32 Bio Inc. Stock is $32.88 and the 52-week low is $8.24.

What is the market capitalization of Q32 Bio Inc. Stock?
As of the Jun 14, 2024, the market capitalization of Q32 Bio Inc. is 222.242M.

When is the next earnings date for Q32 Bio Inc.?
The upcoming earnings date for Q32 Bio Inc. is Aug 12, 2024.
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