QCR Holdings Stock Forecast
QCR Holdings stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 19, 2024)
The QCR Holdings stock price gained 3.52% on the last trading day (Friday, 19th Apr 2024), rising from $55.41 to $57.36. During the last trading day the stock fluctuated 4.08% from a day low at $55.12 to a day high of $57.37. The price has risen in 6 of the last 10 days but is still down by -0.19% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 63 thousand shares were bought and sold for approximately $3.59 million.
The stock lies in the middle of a wide 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 -2.94% during the next 3 months and, with a 90% probability hold a price between $52.78 and $58.89 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.
QCRH Signals & Forecast
The QCR Holdings stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $55.71 and $57.12. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.90%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for QCR Holdings stock
QCR Holdings finds support from accumulated volume at $56.46 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 $2.25 between high and low, or 4.08%. For the last week, the stock has had daily average volatility of 2.48%.
Our recommended stop-loss: $54.84 (-4.40%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (QCRH) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect QCR Holdings to open at $56.62, and during the day (based on 14 day Average True Range), to move between $55.91 and $58.81, which gives a possible trading interval of +/-$1.45 (+/-2.53%) up or down from last closing price. If QCR Holdings takes out the full calculated possible swing range there will be an estimated 5.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $56.46 (1.57%) than the resistance at $58.38 (1.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
QCR Holdings will release earnings AMC on Tuesday, April 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.32. We will update the financials statements for QCR Holdings, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.01% in the first trading day after earnings release.
Is QCR Holdings stock A Buy?
QCR Holdings 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.889 Hold/Accumulate Upgraded
Predicted Opening Price for QCR Holdings of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $56.62 ( 1.30%) | $57.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QCRH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 58.87 | 2.63 % | |
| R2 | 58.01 | 1.13 % | ||
| R1 | 57.48 | 0.203 % | ||
| Current price: | 57.36 | |||
| Support | S1 | 55.76 | -2.79 % | |
| S2 | 55.23 | -3.72 % | ||
| S3 | 54.37 | -5.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 60.74 | 5.89 % | |
| R2 | 60.43 | 5.35 % | ||
| R1 | 58.38 | 1.78 % | ||
| Current price | 57.36 | |||
| Support | S1 | 56.46 | -1.57% | |
| S2 | 55.97 | -2.42% | ||
| S3 | 55.09 | -3.96% |
QCRH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 23, 2024 | Mar 14, 2024 | Apr 03, 2024 | $0.0600 | 0.104% |
| 2 | Nov 02, 2023 | Dec 14, 2023 | Jan 04, 2024 | $0.0600 | 0.105% |
| 3 | Nov 02, 2023 | Nov 14, 2023 | Jan 04, 2024 | $0.0600 | 0.105% |
| 4 | Aug 16, 2023 | Sep 14, 2023 | Oct 04, 2023 | $0.0600 | 0.125% |
| 5 | May 18, 2023 | Jun 15, 2023 | Jul 06, 2023 | $0.0600 | 0.146% |
FAQ
Click here for our free guide on how to buy QCR Holdings Stock.
