Qumu Corporation (QUMU) Bollinger Band Reading Signaling a Hold

After compiling some trend analysis on Qumu Corporation (QUMU) shares, we note that the trendspotter reading is currently Buy. This signal uses a system combining volatility, momentum, and wave theory to help identify the general trend.  The trendspotter strength signal is currently Minimum. This signal is compared to the historical performance where maximum would be considered the strongest, and minimum would be touted as the weakest. In terms of direction, the trendspotter signal is currently Weakest. This signal may indicate if the Buy or Sell is weakening or gaining strength, or if the Hold is leaning towards a Buy or Sell.

First resistance would be at 2.32 and second resistance at 2.4.  On the other end, the first support level is at 2.19, and the second support level is 2.14. 

Changing lanes, we’ll look at what some of the short term technical indicators are reading for shares of Qumu Corporation (QUMU).  The signal from the 20-day moving average is revealing a “Sell”.  The 20-50 day MACD Oscillator, which can be used to identify bullish or bearish directional movement is currently showing a “Buy” signal.  

Checking on current RSI levels on shares of Qumu Corporation (QUMU), the 14-day RSI is currently standing at 52.93, the 7-day is at 40.47, and the 3-day is resting at 13.02. Relative Strength Index (RSI) is a frequently used technical analysis tool. RSI helps measure changes in price movement of a specific equity. RSI is a momentum oscillator that moves in a range from 0 to 100. RSI is generally used to interpret whether a stock is overbought or oversold. As a general rule, an RSI over 70 may indicate an overbought situation. On the other end of the spectrum, a reading under 30 may indicate an oversold situation.

Qumu Corporation (QUMU) currently has a 14-day Commodity Channel Index (CCI) of -72.41. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

Shares of Qumu Corporation (QUMU) have a 200-day moving average of 2.3. The 50-day is 1.97, and the 7-day is sitting at 2.37. Using a bigger time frame to assess the moving average such as the 200-day, may help block out the noise and chaos that is often caused by daily price fluctuations. In some cases, MA’s may be used as strong reference points for spotting support and resistance levels.

The Average Directional Index or ADX is technical analysis indicator used to describe if a market is trending or not trending. The ADX alone measures trend strength but not direction. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. Many traders will use the ADX alongside other indicators in order to help spot proper trading entry/exit points. Currently, the 14-day ADX for Qumu Corporation (QUMU) is 37.02. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The Williams Percent Range or Williams %R is another technical indicator that may be useful for traders and investors.

The Williams %R is designed to provide a general sense of when the equity might have reached an extreme and be primed for a reversal. As a general observance, the more overbought or oversold the reading displays, the more likely a reversal may take place. The 14 day Williams %R for Qumu Corporation (QUMU) is noted at -76.92. Many consider the equity oversold if the reading is below -80 and overbought if the indicator is between 0 and -20.

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