Quotient Technology Inc Forecast and Stock Analysis
Technical QUOT stock analysis for Wednesday May 22, 2019.
|Shorts||10.77% ( 2019-04-15 )|
|Price to book||USD 2.83|
|Next Earnings Date||2019-07-29|
Quotient Technology Inc fell by -1.05% in the last day ( Wednesday, 22nd May 2019 ) from $10.47 to $10.36 During day the stock fluctuated 1.50% from a day low at $10.32 to a day high of $10.48. The price has been going up and down for this period, and there has been a -0.38% loss for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -49 216 shares and in total 385 818 shares bought and sold for approximately $4.00 million.
- 30 day high of the QUOT stock price was $10.70 and low was $9.13.
- 90 day high was $10.70 and low was $8.92.
- 52 week high for the Quotient Technology Inc - $15.98 and low - $8.92.
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 $10.53 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 $8.97 and $10.49 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.
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 $10.41. On a fall, the stock will find some support from the long-term average at approximately $9.73. 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. 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 Thursday May 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
The stock holds a RSI14 at 73 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
Quotient Technology Inc finds support from accumulated volume at $10.03.
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 $0.15 between high and low, or 1.50%. For the last week, the stock has had a daily average volatility of 2.36%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: $9.88 (-4.63%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 73 and this increases the risk substantially. There is a sell signal from pivot top found 4 days ago.)
2.36 %Average volatility
Very Low Low Medium High Very High
Quotient Technology Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.
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|QUOT $10.36 ($-0.11 -1.05%)|
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