Quotemedia Inc Stock Forecast
Red day on Friday for Quotemedia Inc stock after losing 0%
(Updated on Apr 19, 2024)
No changes to the price of Quotemedia Inc stock on the last trading day (Friday, 19th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $0.201 to a day high of $0.201. The price has fallen in 4 of the last 10 days and is down by -4.33% for this period.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.199 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Quotemedia Inc stock with a 90% probability to be traded between $0.197 and $0.247 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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QMCI Signals & Forecast
There are mixed signals in the stock today. The Quotemedia Inc 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 $0.214 and $0.214. 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 Thursday, April 18, 2024, and so far it has fallen 0%. 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 Quotemedia Inc stock
Quotemedia Inc finds support from accumulated volume at $0.201 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 5.71%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QMCI) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Quotemedia Inc to open at $0.201, and during the day (based on 14 day Average True Range), to move between $0.189 and $0.213, which gives a possible trading interval of +/-$0.0120 (+/-5.95%) up or down from last closing price. If Quotemedia Inc takes out the full calculated possible swing range there will be an estimated 11.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.201 (0.25%) than the resistance at $0.210 (4.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Quotemedia Inc stock A Buy?
Quotemedia Inc 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: -1.349 Sell Candidate Unchanged
Predicted Opening Price for Quotemedia Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.201 ( 0.00000000%) | $0.201 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QMCI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.201 | 0.00000000 % | |
| R2 | 0.201 | 0.00000000 % | ||
| R1 | 0.201 | 0.00000000 % | ||
| Current price: | 0.201 | |||
| Support | S1 | 0.201 | 0.00000000 % | |
| S2 | 0.201 | 0.00000000 % | ||
| S3 | 0.201 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.250 | 24.38 % | |
| R2 | 0.210 | 4.48 % | ||
| R1 | 0.210 | 4.33 % | ||
| Current price | 0.201 | |||
| Support | S1 | 0.201 | -0.249% | |
| S2 | 0.200 | -0.498% | ||
| S3 | 0 | . |
FAQ
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