Quality Systems Fund Forecast

Red day on Thursday for Quality Systems fund after losing 0%
(Updated on Sep 20, 2018)

QSII Signals & Forecast

The Quality Systems fund 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 $22.35 and $22.15. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, September 06, 2018, and so far it has risen 0.721%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The fund had a Golden Star Signal on Tuesday, March 27, 2018 in the long-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 fund in question.

Support, Risk & Stop-loss for Quality Systems fund

Quality Systems finds support from accumulated volume at $21.37 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

Quality Systems is oversold on RSI14 (17). Some funds may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $20.89 (-6.52%) (This fund has low daily movements and this gives low risk. Low RSI14 is 17 which reduces the risk some. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (QSII) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Quality Systems to open at $22.35, and during the day (based on 14 day Average True Range), to move between $22.06 and $22.64, which gives a possible trading interval of +/-$0.291 (+/-1.30%) up or down from last closing price. If Quality Systems takes out the full calculated possible swing range there will be an estimated 2.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $22.37 (0.09%) than the support at $21.37 (4.38%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Quality Systems fund A Buy?

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 Quality Systems fund to perform well in the short-term.

Current score: 4.100 Buy Candidate Unchanged

Predicted Opening Price for Quality Systems of Friday, September 21, 2018

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