QUARTERHILL INC (QTRH-DB.CA) Stock Technical Analysis
TSX:QTRH-DB - Toronto Stock Exchange - CA747713AA38 - Currency: CAD
Overall QTRH-DB gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, QTRH-DB is only an average performer.
QTRH-DB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 96.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 96.76, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
84.15
We found 3 important support areas.
- A support zone ranging from 92.62 to 96.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @91.00 from a horizontal line in the daily time frame.
- A support zone ranging from 85.00 to 85.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 96.79 to 97.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @99.94 from a horizontal line in the daily time frame.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 97.01 | 96.29 | 0.72 (0.74%) | 25.00% |
| An entry @97.01. This is a Buy Stop order right above the resistance zone. | An exit @96.29. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.72 points, which is 0.74%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.19%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:QTRH-DB (3/6/2025, 7:00:00 PM)
96.77
+0.22 (+0.23%)