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

Sector: Technology   Sub-Sector: Electronic Components
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 15 Jun 2017Dark Cloud CoverDojiMon, 22 May 2017-9.32%
***Stock database and scans are updated around midnight (New York time) every trading day.
5.23 0.00 (0%) Jun 23 3:59pm EDT
Open: 5.10 Range: 5.10 - 5.29 Vol: 15.89K Avg Vol: 83.55K
EPS: -0.36 P/E ratio: 0.00 EBITDA: -560999.00 Mkt Cap: 11.21M
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 5.56
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 5.69
Last Trade is below the 50 day moving average at 5.90
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 4.37
* 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 95% of the time with an average daily volume of 83.5K shares being traded. The 50 day moving average, currently at 5.90, 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 40% of the time in the last month of trading. Objectively, in a strong uptrend, the high probability strategy is to buy dips. A good area for traders who are considering taking a long position in QBAK is near the 200 SMA currently at 4.37. 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 - Thu, 15 Jun 2017
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