RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of QMCQF
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Stronger technical forecast for QMC Quantum Minerals Corp stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 19, 2024 Gain 6.73% PDF

The QMC Quantum Minerals Corp stock price gained 4.45% on the last trading day (Wednesday, 27th Mar 2024), rising from $0.0560 to $0.0585. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.29% from a day low at $0.0584 to a day high of $0.0591. The price has risen in 6 of the last 10 days and is up by 8.92% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately $309.12 .

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0600 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.80% during the next 3 months and, with a 90% probability hold a price between $0.0402 and $0.0571 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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QMCQF Signals & Forecast

Mostly positive signals in the chart today. The QMC Quantum Minerals Corp 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 $0.0555 and $0.0515. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 22, 2024, and so far it has risen 34.77%. 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). QMC Quantum Minerals Corp 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.

Support, Risk & Stop-loss for QMC Quantum Minerals Corp stock

QMC Quantum Minerals Corp finds support from accumulated volume at $0.0569 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0008 between high and low, or 1.29%. For the last week, the stock has had daily average volatility of 6.31%.

Our recommended stop-loss: $0.0563 (-3.74%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 24 days ago.)

Trading Expectations (QMCQF) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect QMC Quantum Minerals Corp to open at $0.0586, and during the day (based on 14 day Average True Range), to move between $0.0538 and $0.0632, which gives a possible trading interval of +/-$0.0047 (+/-8.01%) up or down from last closing price. If QMC Quantum Minerals Corp takes out the full calculated possible swing range there will be an estimated 16.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0569 (2.72%) than the resistance at $0.0630 (7.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is QMC Quantum Minerals Corp stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 4.901 Buy Candidate Upgraded

Predicted Opening Price for QMC Quantum Minerals Corp of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$0.0586 ( 0.268%) $0.0585

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for QMCQF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.0594 1.55 %
R2 0.0591 1.06 %
R1 0.0589 0.758 %
Current price: 0.0585
Support S1 0.0584 -0.222 %
S2 0.0582 -0.525 %
S3 0.0579 -1.01 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0.0630 7.71 %
Current price 0.0585
Support S1 0.0569 -2.72%
S2 0.0565 -3.49%
S3 0.0559 -4.43%

FAQ

What is the symbol for QMC Quantum Minerals Corp Stock and on which exchange is it traded?
The symbol for QMC Quantum Minerals Corp is QMCQF and it is traded on the OTCBB (OTC Bulletin Board).

Should I buy or sell QMC Quantum Minerals Corp Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy QMC Quantum Minerals Corp Stock?
QMC Quantum Minerals Corp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy QMC Quantum Minerals Corp Stock.

What's the current price of QMC Quantum Minerals Corp Stock?
As of the end of day on the 2024-03-27, the price of an QMC Quantum Minerals Corp (QMCQF) share was $0.0585.

What is the 52-week high and low for QMC Quantum Minerals Corp Stock?
The 52-week high for QMC Quantum Minerals Corp Stock is $0.186 and the 52-week low is $0.0400.

What is the market capitalization of QMC Quantum Minerals Corp Stock?
As of the 2024-03-27, the market capitalization of QMC Quantum Minerals Corp is 5.622M.
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About QMC Quantum Minerals Corp

QMC Quantum Minerals  QMC Quantum Minerals Corp., an exploration stage company, engages in the acquisition, evaluation, exploration, and development of resource properties in Canada. The company explores for lithium, copper, nickel, gold, silver, palladium, platinum, and zinc deposits. Its flagship project is the Irgon Lithium Mine property that consists of 22 mining claims covering an area of approximately 11,325 acres located in Manitoba, Canada. QMC Quantum Mineral... QMCQF Profile

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