Why the high growth investor may take a look at NASDAQ:QFIN.

QIFU TECHNOLOGY INC (NASDAQ:QFIN) has been identified as a Technical Breakout Setup Pattern by our stock screener. This pattern typically occurs when a stock takes a pause after a significant rise, indicating the possibility of a continuation in the trend. While it's impossible to predict with certainty, it might be beneficial to monitor NASDAQ:QFIN.

What is the technical picture of NASDAQ:QFIN telling us.

ChartMill employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.

We assign a technical rating of 9 out of 10 to QFIN. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

• The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
• When comparing the yearly performance of all stocks, we notice that QFIN is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, QFIN also shows a nice and consistent pattern of rising prices.
• QFIN is part of the Consumer Finance industry. There are 53 other stocks in this industry. QFIN outperforms 92% of them.
• QFIN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so QFIN is performing more or less in line with the market.
• In the last month QFIN has a been trading in the 35.34 - 40.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Our latest full technical report of QFIN contains the most current technical analsysis.

How does the Setup look for NASDAQ:QFIN

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NASDAQ:QFIN scores a 7 out of 10:

QFIN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 36.08, a Stop Loss order could be placed below this zone.

Why NASDAQ:QFIN may be interesting for high growth investors.

• The EPS of QIFU TECHNOLOGY INC has exhibited growth from one quarter to another (Q2Q), with a 71.53% increase. This underscores the company's ability to generate higher earnings and improve its financial standing.
• Over the past 3 months, analysts have adjusted their EPS Estimate for QIFU TECHNOLOGY INC with a 70.67% change. This highlights the evolving outlook on the company's EPS potential.
• The recent financial report of QIFU TECHNOLOGY INC demonstrates a 71.53% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• The earnings per share (EPS) growth of QIFU TECHNOLOGY INC are accelerating: the current Q2Q growth of 71.53% is above the previous year Q2Q growth of 11.11%. Earnings momentum and acceleration are key for high growth systems.
• QIFU TECHNOLOGY INC has shown positive growth in its operating margin over the past year, indicating improved operational efficiency. This growth highlights the company's ability to effectively manage costs and maximize profitability.
• The free cash flow (FCF) of QIFU TECHNOLOGY INC has seen steady growth over the past year, indicating enhanced cash flow generation and financial health. This trend underscores the company's effective capital management and its ability to generate sustainable cash flows.
• With a favorable Return on Equity (ROE) of 23.9%, QIFU TECHNOLOGY INC demonstrates its ability to deliver attractive returns for shareholders. This metric highlights the company's effective management of assets and its profitability.
• With a Debt-to-Equity ratio at 0.05, QIFU TECHNOLOGY INC showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
• QIFU TECHNOLOGY INC demonstrates a balanced ownership structure, with institutional shareholders at 70.81%. This indicates a diverse investor base, which can contribute to price stability and potential future growth.
• QIFU TECHNOLOGY INC has a strong history of beating EPS estimates 3 times in the last 4 quarters, signaling its ability to consistently exceed market expectations. This indicates the company's strong financial performance and its potential for creating shareholder value.
• QIFU TECHNOLOGY INC has maintained a healthy Relative Strength (RS) over the analyzed period, with a current 95.89 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning. QIFU TECHNOLOGY INC is well-positioned for potential price growth opportunities.

Our High Growth Momentum Breakout screen will find you more ideas suited for high growth momentum breakouts.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.