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Qualstar Corporation (QBAK) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Electronic Components
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 22 Aug 2017NoneDojiThu, 17 Aug 2017-10.58%
***Stock database and scans are updated around midnight (New York time) every trading day.
6.90 0.00 (0%) Aug 23 3:59pm EDT
Open: 6.92 Range: 6.75 - 7.10 Vol: 44.18K Avg Vol: 86.74K
EPS: -0.17 P/E ratio: 0.00 EBITDA: -184000.00 Mkt Cap: 14.50M
Analyze "QBAK" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 7.53
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 7.62
Last Trade is above the 50 day moving average at 6.84
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 5.19
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of QBAK

Stock Trend Analysis - Buy, Sell or Hold "Qualstar Corporation" (QBAK)?

QBAK is in a very strong uptrend. In the last 52 weeks, QBAK has been trading above the 200 day moving average for 81% of the time with an average daily volume of 86.7K shares being traded. The 50 day moving average, currently at 6.84, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average is in a trading range and is generally bucking the trend with a bearish bias. QBAK was only able to maintain above the 20 SMA for 42.5% of the time in the last month of trading. Objectively, in a strong uptrend, the high probability strategy is to buy dips. Traders who are thinking of going long QBAK shares should consider patiently waiting for price to be near the 50 or 200 SMAs, currently at 6.84 and 5.19 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "QBAK".

The analyst consensus estimates for the 1 year price target for this stock is $12.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 22 Aug 2017
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