QUOT - Quotient Technology Inc

Buy Candidate
Tue 23'rd May 2017

PERIOD COVERED
2017-02-24 - 2017-05-23
CHANGE
-0.43%
PRICE
$11.50
VOLUME
Buy
TREND
Hold
MV LONG
Buy
MV SHORT
Buy
PIVOT
Sell
MACD
Sell
Request Prediction
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Quotient Technology Inc Stock Analysis

Technical stock analysis for Tue 23'rd May 2017

Buy candidate since 2017-05-18 Gain 3.14%

Quotient Technology Inc fell by -0.43% in the last day, from USD 11.55 to USD 11.50 The price has fallen in 6 of the last 10 days , but is still up by 3.14% over the past 2 weeks. Volume has increased in the last day by 27 362 shares, but on falling prices. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 479 363 shares bought and sold for approximately USD 5.51 million.

Trend

Quotient Technology Inc is the upper part of a wide and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at USD 11.65 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect Quotient Technology Inc with 90% probability to be traded between USD 9.22 and USD 11.67 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.

Signals

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 USD 11.16 and USD 10.69. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday May 22, 2017, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Relative Strength Index (RSI)

RSI14 is 47 and the stock is currently not being overbought or oversold

Support & Resistance

Quotient Technology Inc finds support from accumulated volume at USD 11.15, USD 11.00, and USD 10.90. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 11.65, USD 12.25 and USD 11.55.

The stock is about to test the resistance from accumulated volume at USD 11.65 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Risk

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 USD 0.30 (2.67%) between high and low. For the last week, the stock has had a daily average volatility of 5.01%.

Our recommended stoploss: USD 10.98 (-4.55%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)

Evaluation

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 period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

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