QNST - QuinStreet

Industry: Internet Software & Services Sector: Technology Exchange: NASDAQ

Tue 14'th Aug 2018

PERIOD 2018-05-15 - 2018-08-14
CHANGE 1.78%
PRICE $14.31
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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QuinStreet Stock Analysis

Technical stock analysis for Tue 14'th Aug 2018

Buy candidate since 2018-08-14
Shorts 6.18% ( 2018-07-31 )
Cash n/a
Loans n/a
Beta 0.93
ROA 8.07

QuinStreet gained 1.78% in the last trading day, rising from $14.06 to $14.31 , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. The price has risen in 8 of the last 10 days and is up by 7.92% over the past 2 weeks. Volume fell in the last day by -100 487 shares, and in total, 519 475 shares bought and sold for approximately $7.43 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

QuinStreet lies in the middle of a wide and weak 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 8.82% during the next 3 months and, with 90% probability hold a price between $14.23 and $16.78 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. QuinStreet holds buy signals from both short- and long-term moving averages, 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 $13.72 and $13.92. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday August 07, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSI14 is 51 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

QuinStreet finds support from accumulated volume at $13.73.

Support: $13.73 Price: $14.31 Resistance: $14.63

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.49 (3.50%) between high and low. For the last week, the stock has had a daily average volatility of 4.00%.

Since the QuinStreet has been rising for 6 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stoploss: $13.76 (-3.87%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 5 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

Click for Top 5 Buy Candidates
QNST $14.31 $0.25(1.78%)
QNST is up $0.25 today, but where's it headed in September?
Zacks Investment Research is releasing its prediction for QNST based on the 1-3 month system that more than doubles the S&P 500.

Click here – the QNST analysis is free »
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