Investors have been giving some added attention to shares of Quantenna Communications, Inc. (QTNA). Looking at the Relative Strength Index, the 14-day RSI is presently standing at 64.47, the 7-day is 69.14, and the 3-day is resting at 72.97. The Relative Strength Index (RSI) is one of multiple popular technical indicators created by J. Welles Wilder. Wilder introduced RSI in his book “New Concepts in Technical Trading Systems” which was published in 1978. RSI measures the magnitude and velocity of directional price movements. The data is represented graphically by fluctuating between a value of 0 and 100. The indicator is computed by using the average losses and gains of a stock over a certain time period. RSI can be used to help spot overbought or oversold conditions. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. A level of 50 would indicate neutral market momentum.
Currently, the 14-day ADX for Quantenna Communications, Inc. (QTNA) is sitting at 23.79. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.
Investors have the ability to use technical indicators when completing stock research. At the time of writing, Quantenna Communications, Inc. (QTNA) has a 14-day Commodity Channel Index (CCI) of 78.53. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions. In terms of Moving Averages, the 7-day is resting at 15.96. Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Interested traders may be keeping an eye on the Williams Percent Range or Williams %R. Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations. Quantenna Communications, Inc. (QTNA)’s Williams Percent Range or 14 day Williams %R currently sits at -9.23. In general, if the indicator goes above -20, the stock may be considered overbought. Alternately, if the indicator goes below -80, this may point to the stock being oversold.
Investors often hone in on stock price support and resistance levels. The support is simply a level where shares may see a rebound after it has fallen. If the stock price manages to break through the first support level, the attention may shift to the second level of support. The resistance is the opposite of support. As a stock rises, it may see a retreat once it reaches a certain level of resistance. After a recent check, the stock’s first resistance level is 16.08, and the second resistance level is 16.14. On the other side, investors are watching the first support level of 15.94, and the second support level of 15.86.
Quantenna Communications, Inc. (QTNA) currently has a 1 month MA of 15.2. Investors may use moving averages for various reasons. Some may use the moving average as a primary trading tool, while others may use it as a back-up. Investors may keep an eye out for when the stock price crosses a particular moving average and then closes on the other side. These moving average crossovers may be used to help spot momentum shifts, or possible entry/exit points. A cross below a certain moving average may signal the start of a downward move. On the flip side, a cross above a moving average may suggest a possible uptrend. Investors may be focused on many different time periods when studying moving averages. The stock currently has a 3 month MA of 14.38, and a 6 month MA of 13.72.
Doing some trend analysis on shares of Quantenna Communications, Inc. (QTNA), we note that the trendspotter opinion is currently Buy. This signal uses a system combining volatility, momentum, and wave theory to help identify the general trend.