Qurate Retail, Inc. Stock Forecast
Qurate Retail, Inc. stock price down 2.48% on Friday
(Updated on May 31, 2024)
The Qurate Retail, Inc. stock price fell by -2.48% on the last day (Friday, 31st May 2024) from $50.10 to $48.86. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.13% from a day low at $46.51 to a day high of $49.36. The price has fallen in 7 of the last 10 days and is down by -2.77% for this period. Volume has increased on the last day by 6 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 77 thousand shares were bought and sold for approximately $3.75 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $50.41 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Qurate Retail, Inc. stock with a 90% probability to be traded between $41.78 and $50.17 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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QRTEP Signals & Forecast
The Qurate Retail, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $49.58. On a fall, the stock will find some support from the long-term average at approximately $48.10. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -3.21%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Qurate Retail, Inc. stock
Qurate Retail, Inc. finds support from accumulated volume at $48.14 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.85 between high and low, or 6.13%. For the last week the stock has had daily average volatility of 2.54%.
Our recommended stop-loss: $47.04 (-3.73%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (QRTEP) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Qurate Retail, Inc. to open at $48.24, and during the day (based on 14 day Average True Range), to move between $47.35 and $50.37, which gives a possible trading interval of +/-$1.51 (+/-3.08%) up or down from last closing price. If Qurate Retail, Inc. takes out the full calculated possible swing range there will be an estimated 6.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $48.14 (1.47%) than the resistance at $49.72 (1.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Qurate Retail, Inc. stock A Buy?
Qurate Retail, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.437 Hold/Accumulate Unchanged
Predicted Opening Price for Qurate Retail, Inc. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $48.24 ( 1.26%) | $48.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QRTEP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.09 | 4.57 % | |
| R2 | 50.00 | 2.34 % | ||
| R1 | 49.33 | 0.97 % | ||
| Current price: | 48.86 | |||
| Support | S1 | 47.15 | -3.49 % | |
| S2 | 46.48 | -4.87 % | ||
| S3 | 45.39 | -7.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.27 | 2.89 % | |
| R2 | 50.20 | 2.74 % | ||
| R1 | 49.72 | 1.76 % | ||
| Current price | 48.86 | |||
| Support | S1 | 48.14 | -1.47% | |
| S2 | 47.35 | -3.09% | ||
| S3 | 42.10 | -13.84% |
QRTEP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 17, 2024 | $2.00 | 4.09% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Mar 15, 2024 | $2.00 | 4.07% |
| 3 | Nov 29, 2023 | Nov 29, 2023 | Dec 15, 2023 | $2.00 | 5.73% |
| 4 | Aug 30, 2023 | Aug 30, 2023 | Sep 15, 2023 | $2.00 | 6.02% |
| 5 | Aug 07, 2023 | May 30, 2023 | Jun 15, 2023 | $2.00 | 5.95% |
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