Session Check: Percentage Price Oscillator is Below the Signal Line for Quantum Energy Inc (QEGY)

Monitoring the signals for Quantum Energy Inc (QEGY), we have seen that the Percentage Price Oscillator is currently lower than the signal line. With the PPO indicator below the line, traders may be looking for a possible bearish move.

Currently, the 14-day ADX for Quantum Energy Inc (QEGY) is sitting at 28.76. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

Quantum Energy Inc (QEGY) presently has a 14-day Commodity Channel Index (CCI) of -65.66. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well.

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. RSI can be used to detect general trends as well as finding divergences and failure swings. The 14-day RSI is currently at 45.02, the 7-day stands at 45.41, and the 3-day is sitting at 48.99.

Quantum Energy Inc (QEGY) currently has a 50-day moving average of 0.14, the 200-day is at 0.17, and the 7-day is 0.10. In the investing realm, using the moving average for technical equity analysis is still very popular among traders and investors. The moving average can be used as a reference point to help discover buying and selling opportunities. Using a longer term moving average such as the 200-day may help block out the noise and chaos that is sometimes created by daily price fluctuations. In some cases, MA’s may be used as strong reference points for finding support and resistance levels.

Traders may be narrowing in on the ATR or Average True Range indicator when reviewing technicals. At the time of writing, Quantum Energy Inc (QEGY) has a 14-day ATR of 0.03. The average true range indicator was created by J. Welles Wilder in order to measure volatility. The ATR may assist traders with figuring out the strength of a breakout or reversal in price. It is important to note that the ATR was not designed to determine price direction or to predict future prices.

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