Quintiles Transitional Holdings Inc Fund Forecast
Quintiles Transitional Holdings Inc fund price down 0% on Tuesday
(Updated on Jan 16, 2018)
No changes to the price of Quintiles Transitional Holdings Inc fund on the last trading day (Tuesday, 16th Jan 2018). During the last trading day the fund fluctuated 0% from a day low at $103.48 to a day high of $103.48. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $103.04 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Quintiles Transitional Holdings Inc fund with a 90% probability to be traded between $103.37 and $109.09 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 funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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Q Signals & Forecast
The Quintiles Transitional Holdings Inc fund 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 $103.48 and $103.69. 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 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Monday, November 13, 2017, and so far it has risen 0.554%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Quintiles Transitional Holdings Inc fund
Quintiles Transitional Holdings Inc finds support from accumulated volume at $103.03 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: $97.00 (-6.26%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (Q) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Quintiles Transitional Holdings Inc to open at $103.48, and during the day (based on 14 day Average True Range), to move between $102.35 and $104.61, which gives a possible trading interval of +/-$1.13 (+/-1.09%) up or down from last closing price. If Quintiles Transitional Holdings Inc takes out the full calculated possible swing range there will be an estimated 2.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $103.03 (0.43%) than the resistance at $104.72 (1.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Quintiles Transitional Holdings Inc fund A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.333 Buy Candidate Unchanged
Predicted Opening Price for Quintiles Transitional Holdings Inc of Wednesday, January 17, 2018
| Fair opening price January 17, 2018 | Current price |
|---|---|
| $103.48 ( 0%) | $103.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for Q
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 103.48 | . | |
| R2 | 103.48 | . | ||
| R1 | 103.48 | . | ||
| Current price: | 103.48 | |||
| Support | S1 | 103.48 | . | |
| S2 | 103.48 | . | ||
| S3 | 103.48 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 107.66 | 4.04 % | |
| R2 | 105.50 | 1.95 % | ||
| R1 | 104.72 | 1.20 % | ||
| Current price | 103.48 | |||
| Support | S1 | 103.03 | -0.435% | |
| S2 | 102.91 | -0.551% | ||
| S3 | 100.93 | -2.46% |
FAQ
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