QUOT - Quotient Technology Inc Mon 27'th Feb 2017
Stock analysis for Mon 27'th Feb 2017 (Updated daily)
Buy candidate since 2017-02-24
Quotient Technology Inc Stock Analysis
Quotient Technology Inc gained 0.82% in the last trading day, rising from USD 12.25 to USD 12.35. , 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 fallen in 6 of the last 10 days and is down by -6.44% for this period. Volume fell in the last day by -97 796 shares and ,in total, 365 955 shares bought and sold for approximately USD 4.52 million. You should note that falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Given the current horizontal trend you can expect Quotient Technology Inc with 90% probability to be traded between USD 10.25 and USD 12.99 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Only positive signals in the chart today. Quotient Technology Inc holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately USD 12.41. On a fall, the stock will find some support from the long-term average at approximately USD 11.27. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday February 23, 2017, 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 68 and the stock is currently not being overbought or oversold
Support & Resistance
Quotient Technology Inc finds support from accumulated volume at USD 12.25, USD 11.90, and USD 11.65. On the upside the stock meets some resistance from accumulated volume at USD 13.20, USD 12.80 and USD 13.05.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved USD 0.25 between high and low, or 2.07%. For the last week, the stock has had a daily average volatility of 5.01%.
Our recommended stoploss: USD 11.72 (-5.10%) ( criteria: risk and position in trend)
Several short-term signals 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.