$QS Celebrates +4.22% Weekly Surge with Trader Robot's Assistance
These AI trading robots, as seen on "Swing trader: Top High-Volatility Stocks (TA)," demonstrated their prowess by yielding a commendable +4.22% gain in trading QS over the last week. However, beyond the immediate gain, a deeper analysis reveals nuanced indicators and trends that demand attention.
Momentum Indicator Signals a Shift for QS
The Momentum Indicator for QS recently turned negative, plunging below the pivotal 0 level on October 18, 2023. Such a movement is indicative of a potential shift towards a new downward trend for the stock. This trend shift has historically signaled a downward movement in 50 out of 53 similar instances, rendering a high probability of a subsequent decline, standing at a significant 90%.
This suggests that traders might consider divesting from the stock or exploring hedging strategies like put options to mitigate potential losses.
Earnings Report and Market Cap Analysis
The latest earnings report for QS, released on October 25, reflected an earnings per share of -23 cents, missing the estimated figure of -18 cents. With 5.35M shares outstanding, the current market capitalization rests at 2.56B.
Comparatively, within the Auto Parts: OEM Industry, the average market capitalization stands at 4.82B. While DNZOY boasts the highest valuation at 52.56B in this industry sector, JBZY holds the lowest valuation at 206. QS's market cap places it below the industry average, a factor worth considering while evaluating its position in the market.
Market Trends in High and Low Price Movements
Examining price movements within the Auto Parts: OEM Industry reveals noteworthy trends. On average, weekly price growth for these stocks observed a decrease of 2%, while monthly and quarterly averages depicted larger declines at -6% and -4%, respectively.
NFGRF emerged as an outlier in this analysis, experiencing a substantial 60% price growth, whereas THRM faced the steepest decline at -23%. These extremes within the industry indicate potential outliers, worth monitoring for insights into market shifts.
Volume Fluctuations Across the Industry
Volume fluctuations are a crucial aspect of market analysis. The average weekly volume growth across the Auto Parts: OEM Industry stocks stood at 3%, while monthly and quarterly averages exhibited larger increases at 18% and 8%, respectively. These changes in volume might indicate shifting investor sentiment or market dynamics that could impact stock prices.
In summary, while the AI-driven trading bots displayed a notable gain with QS, multiple indicators, including the Momentum Indicator, earnings report, market cap position, price movements, and volume fluctuations, highlight the intricate and multifaceted nature of the stock market.
QS in upward trend: price rose above 50-day moving average on October 24, 2024
QS moved above its 50-day moving average on October 24, 2024 date and that indicates a change from a downward trend to an upward trend. In of 29 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 54 cases where QS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on October 24, 2024. You may want to consider a long position or call options on QS as a result. In of 75 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for QS just turned positive on October 24, 2024. Looking at past instances where QS's MACD turned positive, the stock continued to rise in of 35 cases over the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 131 cases where QS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for QS moved out of overbought territory on October 25, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 26 similar instances where the indicator moved out of overbought territory. In of the 26 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The 50-day moving average for QS moved below the 200-day moving average on September 24, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where QS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
QS broke above its upper Bollinger Band on October 24, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. QS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
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 (2.271) is normal, around the industry mean (11.943). P/E Ratio (0.000) is within average values for comparable stocks, (44.409). QS's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (0.959). QS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.030). P/S Ratio (0.000) is also within normal values, averaging (26.858).
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 84, placing this stock worse than average.
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General Information
Industry AutoPartsOEM