RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of QRHC
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Quest Resource Holding Corporation. stock price up 4.00% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 21, 2024 Gain 19.92% PDF

The Quest Resource Holding Corporation. stock price gained 4.00% on the last trading day (Wednesday, 27th Mar 2024), rising from $8.51 to $8.85. It has now gained 7 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. During the last trading day the stock fluctuated 4.11% from a day low at $8.51 to a day high of $8.86. The price has risen in 8 of the last 10 days and is up by 25% 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, 17 thousand more shares were traded than the day before. In total, 96 thousand shares were bought and sold for approximately $851.73 thousand.

Given the current short-term trend, the stock is expected to rise 4.63% during the next 3 months and, with a 90% probability hold a price between $7.05 and $9.26 at the end of this 3-month period.

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QRHC Signals & Forecast

Mostly positive signals in the chart today. The Quest Resource Holding Corporation. 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 $7.84 and $7.18. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 35.94%. 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). Quest Resource Holding Corporation. 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. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Tuesday, February 20, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Tuesday, February 20, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Quest Resource Holding Corporation. stock

On the downside, the stock finds support just below today's level from accumulated volume at $7.64 and $7.08. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Quest Resource Holding Corporation. finds support just below today's level at $7.64. If this is broken, then the next support from accumulated volume will be at $7.08 and $7.00.

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 $0.350 between high and low, or 4.11%. For the last week, the stock has had daily average volatility of 5.42%.

The Quest Resource Holding Corporation. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs. Since the Quest Resource Holding Corporation. has been rising for 7 days in a row, the risk over 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 stop-loss: $8.56 (-3.24%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 88 and this increases the risk substantially. There is a buy signal from a pivot bottom found 36 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Quest Resource Holding Corporation. to open at $8.74, and during the day (based on 14 day Average True Range), to move between $8.57 and $9.13, which gives a possible trading interval of +/-$0.284 (+/-3.21%) up or down from last closing price. If Quest Resource Holding Corporation. takes out the full calculated possible swing range there will be an estimated 6.41% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $7.64, some $1.21 (13.67%) from the current price of $8.85, our system finds the risk reward attractive.

Is Quest Resource Holding Corporation. stock A Buy?

Quest Resource Holding Corporation. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 5.697 Strong Buy Candidate Unchanged

Predicted Opening Price for Quest Resource Holding Corporation. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$8.74 ( 1.24%) $8.85

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

Trading levels for QRHC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9.09 2.71 %
R2 8.96 1.20 %
R1 8.87 0.268 %
Current price: 8.85
Support S1 8.61 -2.75 %
S2 8.52 -3.69 %
S3 8.39 -5.20 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 8.85
Support S1 7.64 -13.67%
S2 7.08 -20.00%
S3 7.00 -20.90%

FAQ

What is the symbol for Quest Resource Holding Corporation. Stock and on which exchange is it traded?
The symbol for Quest Resource Holding Corporation. is QRHC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Quest Resource Holding Corporation. Stock?
Quest Resource Holding Corporation. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

How to buy Quest Resource Holding Corporation. Stock?
Quest Resource Holding Corporation. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Quest Resource Holding Corporation. Stock.

What's the current price of Quest Resource Holding Corporation. Stock?
As of the end of day on the 2024-03-27, the price of an Quest Resource Holding Corporation. (QRHC) share was $8.85.

What is the 52-week high and low for Quest Resource Holding Corporation. Stock?
The 52-week high for Quest Resource Holding Corporation. Stock is $8.86 and the 52-week low is $5.00.

What is the market capitalization of Quest Resource Holding Corporation. Stock?
As of the 2024-03-27, the market capitalization of Quest Resource Holding Corporation. is 171.659M.

When is the next earnings date for Quest Resource Holding Corporation.?
The upcoming earnings date for Quest Resource Holding Corporation. is May 20, 2024.
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About Quest Resource Holding Corporation.

Quest Resource Holding . Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. It offers disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construct... QRHC Profile

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