Qt Group (QTCOM.HEX)

Short term

Qt Group is in a falling trend channel in the short term. Falling trends indicate that the company experiences negative development and falling buy interest among investors. The stock has broken down through support at euro 67.50. This predicts a further decline. In case of positive reactions, there will now be resistance at euro 67.50. Negative volume balance shows that volume is higher on days with falling prices than days with rising prices. This indicates decreasing optimism among investors. The stock is overall assessed as technically negative for the short term.

Recommendation one to six weeks: Negative (Score: -89)

Medium term

Qt Group has broken the rising trend channel in the medium long term and reacted strongly down. For the time being, it is difficult to say anything about the future trend direction. The stock is testing resistance at euro 67.00. This could give a negative reaction, but an upward breakthrough of euro 67.00 means a positive signal. Negative volume balance indicates that volume is high on days with falling prices and low on days with rising prices, which weakens the stock. The short term momentum of the stock is strongly negative, with RSI below 30. This indicates increasing pessimism among investors and further decline for Qt Group. The stock is overall assessed as technically slightly negative for the medium long term.

Recommendation one to six months: Weak Negative (Score: -25)

Long term

Qt Group has broken the floor of the rising trend channel in the long term, which indicates a weaker initial rising rate. The stock is moving within a rectangle formation between support at 55.64 and resistance at 98.07. A decisive break through one of these levels indicates the new direction for the stock. The stock has support at euro 46.00 and resistance at euro 87.00. Volume has previously been low at price tops and high at price bottoms. Volume balance is also negative, which weakens the stock. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The stock is overall assessed as technically slightly negative for the long term.

Recommendation one to six quarters: Weak Negative (Score: -42)