QV Equities Limited Stock Forecast
QV Equities Limited stock price ended at $0.94 on Wednesday, after losing 0%.
(Updated on Jun 26, 2024)
No changes to the price of QV Equities Limited stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 0.214% from a day low at $0.94 to a day high of $0.94. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.98% during the next 3 months and, with a 90% probability hold a price between $0.88 and $0.92 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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QVE.AX Signals & Forecast
There are mixed signals in the stock today. The QV Equities Limited 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 $0.94 and $0.96. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.538%. 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).
Support, Risk & Stop-loss for QV Equities Limited stock
QV Equities Limited finds support from accumulated volume at $0.93 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0020 between high and low, or 0.214%. For the last week the stock has had daily average volatility of 0.730%
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 Thursday 27th
For the upcoming trading day on Thursday, 27th we expect QV Equities Limited to open at $0.94, and during the day (based on 14 day Average True Range), to move between $0.93 and $0.94, which gives a possible trading interval of +/-$0.0071 (+/-0.76%) up or down from last closing price. If QV Equities Limited takes out the full calculated possible swing range there will be an estimated 1.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.94 (0.53%) than the support at $0.93 (0.53%), 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?
QV Equities Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.279 Sell Candidate Unchanged
Predicted Opening Price for QV Equities Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $0.94 ( 0.0713%) | $0.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QVE.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.94 | 0.285% |
| R2 | 0.94 | 0.203% |
| R1 | 0.94 | 0.153% |
| Price | 0.94 | |
| S1 | 0.93 | -0.0104% |
| S2 | 0.93 | -0.0609% |
| S3 | 0.93 | -0.143% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.98 | 4.81% |
| R2 | 0.95 | 1.60% |
| R1 | 0.94 | 0.535% |
| Price | 0.94 | |
| S1 | 0.93 | -0.535% |
| S2 | 0 | - |
| S3 | 0 | - |
QVE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | May 31, 2024 | $0.0130 | 1.38% |
| 2 | Feb 13, 2024 | Feb 13, 2024 | Mar 01, 2024 | $0.0130 | 1.40% |
| 3 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | $0.0130 | 1.50% |
| 4 | Nov 14, 2023 | Nov 14, 2023 | Nov 14, 2023 | $0.0130 | 1.50% |
| 5 | Aug 31, 2023 | Aug 31, 2023 | Aug 31, 2023 | $0.0130 | 1.44% |
FAQ
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