QV Equities Limited Stock Forecast

Red day on Friday for QV Equities Limited
(Updated on May 24, 2024)

QVE.AX Signals & Forecast

Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The QV Equities 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 $0.98 and $0.98. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -2.01%. 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). The stock had a Golden Star Signal on Friday, March 08, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for QV Equities Limited stock

QV Equities Limited finds support from accumulated volume at $0.97 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 $0.0050 between high and low, or 0.515%. For the last week the stock has had daily average volatility of 0.308%.

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

Trading Expectations (QVE.AX) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect QV Equities Limited to open at $0.97, and during the day (based on 14 day Average True Range), to move between $0.97 and $0.98, which gives a possible trading interval of +/-$0.0067 (+/-0.69%) up or down from last closing price. If QV Equities Limited takes out the full calculated possible swing range there will be an estimated 1.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.98 (0.51%) than the support at $0.97 (0.51%), 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 QV Equities Limited stock A Buy?

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

Current score: -1.760 Sell Candidate Unchanged

Predicted Opening Price for QV Equities Limited of Monday, May 27, 2024

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