6.54% $QS Growth from Swing Trader's Deep Trend Analysis
Swing Trader: Deep Trend Analysis (TA) Generates 6.54% for QS
The impressive financial domain of the stock market is filled with a plethora of opportunities and challenges. One such opportunity recently came in the form of QS, which exhibited a promising upward trend. The technical analysis shows that QS generated a noteworthy 6.54% return, grabbing the attention of many swing traders.
On June 27, 2023, QS moved above its 50-day moving average, indicating a crucial shift from a downward trend to an upward one. This is a valuable signal for investors as it indicates the stock is outperforming its average level over the previous 50 days. Such a breakout could draw more traders to the stock, adding further upward pressure and propelling its price higher.
Historical trend analysis can be highly predictive in financial markets, offering insight into possible future performance based on past occurrences. This perspective becomes particularly vital when looking at the context of QS's recent surge.
Analyzing 11 similar past instances, it was found that in 10 of these cases, QS's stock price increased further within the subsequent month following such a shift. This reveals a stunning 90% probability of a continued upward trend. These odds provide swing traders and investors alike with a compelling reason to consider QS in their portfolios.
In essence, the emergence of QS above its 50-day moving average is a positive indicator of its growth potential. The swing traders who recognized this trend early on have already started to enjoy their gains.
However, it's essential to keep in mind that while history tends to repeat itself in the market, it's not a guarantee. Investors are advised to stay vigilant and adapt to market dynamics and volatility while following QS's growth trajectory. The upward trend highlighted in this deep trend analysis offers a promising prospect, but it should be balanced with ongoing market analysis and prudent investment strategies.
QS's recent performance paints an optimistic picture of future growth. By moving above its 50-day moving average, it has shown significant potential for continued upward momentum. With a strong track record supporting the likelihood of this trend's continuation, QS presents an exciting opportunity for swing traders and other market participants.
QS in -3.11% downward trend, sliding for three consecutive days on September 26, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where QS declined for three days, in of 210 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 20, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on QS as a result. In of 52 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Aroon Indicator for QS entered a downward trend on September 28, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where QS's RSI Indicator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The Moving Average Convergence Divergence (MACD) for QS just turned positive on September 28, 2023. Looking at past instances where QS's MACD turned positive, the stock continued to rise in of 25 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where QS advanced for three days, in of 175 cases, the price rose further within the following month. The odds of a continued upward trend are .
QS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.591) is normal, around the industry mean (3.091). P/E Ratio (0.000) is within average values for comparable stocks, (39.534). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.647). QS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.034). P/S Ratio (0.000) is also within normal values, averaging (5.252).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. QS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. QS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Industry AutoPartsOEM
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QS and
Correlation & Price change
A.I.dvisor indicates that over the last year, QS has been loosely correlated with AEVA. These tickers have moved in lockstep 52% of the time. This A.I.-generated data suggests there is some statistical probability that if QS jumps, then AEVA could also see price increases.