Qube Holdings Limited Stock Forecast
Qube Holdings Limited stock price up 0.92% on Thursday
(Updated on Apr 18, 2024)
The Qube Holdings Limited stock price gained 0.92% on the last trading day (Thursday, 18th Apr 2024), rising from $3.27 to $3.30. During the last trading day the stock fluctuated 1.22% from a day low at $3.28 to a day high of $3.32. The price has risen in 6 of the last 10 days but is still down by -1.2% for this period. Volume fell on the last day by -201 thousand shares and in total, 2 million shares were bought and sold for approximately $5.29 million. 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Qube Holdings Limited stock with a 90% probability to be traded between $3.29 and $3.46 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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QUB.AX Signals & Forecast
The Qube Holdings Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $3.31. On a fall, the stock will find some support from the long-term average at approximately $3.29. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.54%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Qube Holdings Limited stock
Qube Holdings Limited finds support from accumulated volume at $3.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0400 (1.22%) between high and low. For the last week, the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: $3.14 (-4.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (QUB.AX) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Qube Holdings Limited to open at $3.30, and during the day (based on 14 day Average True Range), to move between $3.24 and $3.36, which gives a possible trading interval of +/-$0.0626 (+/-1.90%) up or down from last closing price. If Qube Holdings Limited takes out the full calculated possible swing range there will be an estimated 3.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.31 (0.30%) than the support at $3.27 (0.91%), 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 Qube Holdings Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Qube Holdings Limited stock to perform well in the short-term period.
Current score: 3.067 Buy Candidate Unchanged
Predicted Opening Price for Qube Holdings Limited of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $3.30 ( 0.00000000%) | $3.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QUB.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.34 | 1.21 % | |
| R2 | 3.32 | 0.749 % | ||
| R1 | 3.32 | 0.463 % | ||
| Current price: | 3.30 | |||
| Support | S1 | 3.28 | -0.463 % | |
| S2 | 3.28 | -0.749 % | ||
| S3 | 3.26 | -1.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.36 | 1.82 % | |
| R2 | 3.32 | 0.606 % | ||
| R1 | 3.31 | 0.303 % | ||
| Current price | 3.30 | |||
| Support | S1 | 3.27 | -0.91% | |
| S2 | 3.26 | -1.21% | ||
| S3 | 3.25 | -1.52% |
QUB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 05, 2024 | Mar 05, 2024 | Apr 11, 2024 | $0.0400 | 1.20% |
| 2 | Mar 07, 2023 | Mar 07, 2023 | Mar 07, 2023 | $0.0375 | 1.18% |
| 3 | Sep 19, 2022 | Sep 19, 2022 | Sep 19, 2022 | $0.0070 | 0.260% |
| 4 | Mar 08, 2022 | Mar 08, 2022 | Mar 08, 2022 | $0.0300 | 1.02% |
| 5 | Sep 21, 2021 | Sep 21, 2021 | Sep 21, 2021 | $0.0350 | 1.05% |
FAQ
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