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Not a good buy right now. Despite being extremely oversold (RSI ~12.8) and capable of a short-term bounce, QNTM is in a clear bearish trend (SMA200 > SMA20 > SMA5, negative MACD) and is facing heavy lawsuit-driven negative sentiment. With no proprietary buy signals today and weak/limited fundamental momentum (no revenue, ongoing losses), an impatient buyer is better off staying out rather than trying to catch a falling knife.
Trend/Structure: Bearish. Moving averages are stacked bearishly (SMA_200 > SMA_20 > SMA_5), signaling sustained downside momentum. Momentum: MACD histogram is -0.145 (below zero) and negatively contracting, consistent with bearish conditions (selling pressure still present, though contraction can precede a pause). Overbought/Oversold: RSI_6 at 12.816 indicates extremely oversold conditions, which increases the odds of a reflex bounce, but does not by itself confirm a trend reversal. Key levels: Pivot 5.919 is overhead (near-term resistance zone). Support levels: S1 4.903 (current price 4.85 is slightly below/near this area) and S2 4.275 (next notable downside level). Upside resistances: R1 6.935, R2 7.563. Pattern-based forward look: Similar-pattern analysis suggests a 60% chance of -0.72% next day, +1.35% next week, +4.49% next month—i.e., near-term chop/down with potential modest recovery later.
Intellectia Proprietary Trading Signals
can fuel a short-term technical rebound.
create strong negative sentiment and headline risk.
Latest reported quarter: 2025/Q3.
No analyst rating trend or price target changes were provided in the data. As a result, there is no visible Wall Street consensus to offset the bearish technicals and lawsuit-driven negative headlines. Pros (if any) are not evidenced by ratings/targets here; cons are currently dominated by legal/headline risk and weak fundamentals.
