Tue 14'th Aug 2018
QuinStreet Stock Analysis
Technical stock analysis for Tue 14'th Aug 2018
|Shorts||6.18% ( 2018-07-31 )|
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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 51 and the stock is currently not being overbought or oversold
Support & Resistance
QuinStreet finds support from accumulated volume at $13.73.
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.)
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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.Click for Top 5 Buy Candidates
|QNST $14.31 $0.25(1.78%)|
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