Quotient Technology Inc Forecast and Stock Analysis
Technical QUOT stock analysis for March 15, 2019.
|Shorts||5.22% ( 2019-02-28 )|
Quotient Technology Inc gained 1.40% in the last trading day, rising from $10.03 to $10.17 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 2.11% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 432 118 more shares were traded than the day before. In total, 792 913 shares bought and sold for approximately $8.06 million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the QUOT stock was $10.17. This is 1.4% more than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 3.09% from a day low at $10.03 to a day high of $10.34.
30 day high of the QUOT stock price was $10.37 and low was $9.41.
90 day high was $11.80 and low was $9.00.
52 week high for the Quotient Technology Inc - $15.98 and low - $9.00.
Quotient Technology Inc lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.10% during the next 3 months and, with 90% probability hold a price between $7.92 and $9.52 at the end of this period.
Only positive signals in the chart today. Quotient Technology Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $10.05 and $10.00. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday March 13, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 55 and the stock is currently not being overbought or oversold
Support & Resistance
Quotient Technology Inc finds support from accumulated volume at $10.10.
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 $0.31 (3.09%) between high and low. For the last week, the stock has had a daily average volatility of 2.18%.
Our recommended stoploss: $9.64 (-5.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
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Evaluation: Buy Candidate
Several short-term signals are positive, despite the stock being in a falling trend, 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.