Qualstar Corporation Stock Forecast
Qualstar Corporation stock price up 2.51% on Monday
(Updated on Apr 22, 2024)
The Qualstar Corporation stock price gained 2.51% on the last trading day (Monday, 22nd Apr 2024), rising from $7.06 to $7.24. During the last trading day the stock fluctuated 3.43% from a day low at $7.00 to a day high of $7.24. The price has been going up and down for this period, and there has been a 9.61% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $9.61 thousand.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 69.97% during the next 3 months and, with a 90% probability hold a price between $11.37 and $13.73 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
QBAK Signals & Forecast
The Qualstar Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $7.09 and $6.73. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Qualstar Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. 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. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -3.34%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Qualstar Corporation stock
Qualstar Corporation finds support from accumulated volume at $6.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.240 between high and low, or 3.43%. For the last week, the stock has had daily average volatility of 1.40%.
Our recommended stop-loss: $6.93 (-4.30%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (QBAK) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Qualstar Corporation to open at $7.16, and during the day (based on 14 day Average True Range), to move between $6.96 and $7.52, which gives a possible trading interval of +/-$0.277 (+/-3.83%) up or down from last closing price. If Qualstar Corporation takes out the full calculated possible swing range there will be an estimated 7.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.49 (3.45%) than the support at $6.99 (3.45%), 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 Qualstar Corporation stock A Buy?
Qualstar Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Qualstar Corporation of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $7.16 ( 1.10%) | $7.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QBAK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.40 | 2.21 % | |
| R2 | 7.31 | 0.94 % | ||
| R1 | 7.25 | 0.161 % | ||
| Current price: | 7.24 | |||
| Support | S1 | 7.07 | -2.37 % | |
| S2 | 7.01 | -3.15 % | ||
| S3 | 6.92 | -4.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 7.49 | 3.45 % | ||
| Current price | 7.24 | |||
| Support | S1 | 6.99 | -3.45% | |
| S2 | 6.50 | -10.22% | ||
| S3 | 5.60 | -22.65% |
QBAK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 06, 2009 | Nov 27, 2009 | Dec 10, 2009 | $0.360 | 3.03% |
| 2 | Aug 28, 2009 | Sep 16, 2009 | Sep 28, 2009 | $0.360 | 2.51% |
| 3 | May 11, 2009 | May 21, 2009 | Jun 03, 2009 | $0.360 | 2.88% |
| 4 | Feb 23, 2009 | Mar 10, 2009 | Mar 25, 2009 | $0.360 | 3.03% |
| 5 | Nov 07, 2008 | Nov 24, 2008 | Dec 04, 2008 | $0.360 | 2.99% |
FAQ
Click here for our free guide on how to buy Qualstar Corporation Stock.
