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

Sector: Technology   Sub-Sector: Electronic Components
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 20 Oct 2017NoneBearish EngulfingTue, 03 Oct 20170.75%
***Stock database and scans are updated around midnight (New York time) every trading day.
7.33 0.00 (0%) Oct 23 2:38pm EDT
Open: 6.7288 Range: 6.7134 - 7.3452 Vol: 56.37K Avg Vol: 73.19K
EPS: -0.17 P/E ratio: 0.00 EBITDA: -184000.00 Mkt Cap: 13.74M
Analyze "QBAK" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 6.62
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 6.72
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 5.97
* 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 73.2K shares being traded. For the medium term however, the 50 day moving average is indicating a trading range with a bearish downward bias. QBAK's upward trend appears to be weakening but it is still not confirmed by the 200 SMA. Confidence in the buy the dips strategy seems to be waning. The 20 day moving average seems to be confirming the 50 SMA as it is also indicating a trading range with a bearish bias. Weakness in both the 20 and 50 SMA could indicate a temporary retracement of the uptrend or early stages of a major trend reversal. Objectively however, the long term trend is still up strongly and the higher probability trade would be to identify underlying strength in the 20 and 50 SMA and use it to time taking long/buy positions in QBAK. A good level to consider entering a long position in QBAK is near the 200 SMA currently at 5.97. 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 - Fri, 20 Oct 2017
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