QTUM's Indicator enters downward trend
The Aroon Indicator for QTUM entered a downward trend on August 29, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 126 similar instances where the Aroon Indicator formed such a pattern. In of the 126 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on QTUM as a result. In of 75 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 Moving Average Convergence Divergence Histogram (MACD) for QTUM turned negative on September 15, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
QTUM moved below its 50-day moving average on September 07, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where QTUM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where QTUM's RSI Oscillator exited the oversold zone, of 28 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 7 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where QTUM advanced for three days, in of 341 cases, the price rose further within the following month. The odds of a continued upward trend are .
QTUM 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)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Technology
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| SMFCX | 21.82 | 0.03 | +0.14% |
| American Beacon Stephens Mid-Cap Gr C | |||
| ESVIX | 13.71 | N/A | N/A |
| Calvert Global Small-Cap Equity I | |||
| HGXVX | 12.52 | N/A | N/A |
| Hartford Global Impact R6 | |||
| SHSCX | 52.32 | -0.08 | -0.15% |
| BlackRock Health Sciences Opps Inv C | |||
| TRVPX | 15.11 | -0.04 | -0.26% |
| TIAA-CREF Mid-Cap Value Premier | |||
QTUM and
Correlation & Price change
A.I.dvisor indicates that over the last year, QTUM has been closely correlated with SOXX. These tickers have moved in lockstep 88% of the time. This A.I.-generated data suggests there is a high statistical probability that if QTUM jumps, then SOXX could also see price increases.
| Ticker / NAME | Correlation To QTUM | 1D Price Change % | ||
|---|---|---|---|---|
| QTUM | 100% | +0.46% | ||
| SOXX - QTUM | 88% Closely correlated | +0.83% | ||
| SMH - QTUM | 87% Closely correlated | +0.85% | ||
| VGT - QTUM | 86% Closely correlated | +0.28% | ||
| XLK - QTUM | 85% Closely correlated | +0.21% | ||
| IYW - QTUM | 84% Closely correlated | +0.21% |