Qube Holdings Limited Stock Forecast
Qube Holdings Limited stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on May 01, 2024)
The Qube Holdings Limited stock price fell by -1.50% on the last day (Wednesday, 1st May 2024) from $3.33 to $3.28. During the last trading day the stock fluctuated 1.39% from a day low at $3.25 to a day high of $3.29. The price has fallen in 5 of the last 10 days but is still up by 0.92% over the past 2 weeks. 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 -338 thousand shares and in total, 1 million shares were bought and sold for approximately $4.60 million.
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 $3.22 and $3.47 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
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.92%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Qube Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $3.32 and $3.30. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
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.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0450 between high and low, or 1.39%. For the last week the stock has had daily average volatility of 1.86%.
Our recommended stop-loss: $3.08 (-5.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (QUB.AX) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Qube Holdings Limited to open at $3.27, and during the day (based on 14 day Average True Range), to move between $3.21 and $3.35, which gives a possible trading interval of +/-$0.0687 (+/-2.09%) up or down from last closing price. If Qube Holdings Limited takes out the full calculated possible swing range there will be an estimated 4.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.27 (0.30%) than the resistance at $3.31 (0.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Qube Holdings Limited stock A Buy?
Qube Holdings Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.329 Hold/Accumulate Downgraded
Predicted Opening Price for Qube Holdings Limited of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $3.27 ( 0.254%) | $3.28 |
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 | 3.32 | 1.12 % | |
| R2 | 3.30 | 0.594 % | ||
| R1 | 3.29 | 0.270 % | ||
| Current price: | 3.28 | |||
| Support | S1 | 3.25 | -0.778 % | |
| S2 | 3.24 | -1.10 % | ||
| S3 | 3.23 | -1.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.36 | 2.44 % | |
| R2 | 3.32 | 1.22 % | ||
| R1 | 3.31 | 0.91 % | ||
| Current price | 3.28 | |||
| Support | S1 | 3.27 | -0.305% | |
| S2 | 3.26 | -0.610% | ||
| S3 | 3.25 | -0.91% |
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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