Quantum scape Stock Price Prepares to React in Earnings
The post Quantum scape Stock Price Prepares to React in Earnings appeared on BitcoinEthereumNews.com. Quantumscape Corp. QS stock price fell 9.27% in the current month and is approaching the 52-week low. It displayed a bearish pattern and prices continued to decline by forming lower low swings. Quantumscape stock price is in a downtrend and trading below the 50, 200-day EMA. The short-term pullbacks are facing resistance at the 50-day EMA indicating that sellers are active. In the past few quarter earnings, QS stock price reacted violently and showed a big intraday move. So, in the coming earnings, the investors and traders should remain cautious. The historical price behavior shows that speculators became highly active at the time of earnings. So, it increases the probability of a fake breakout and breakdown. At present, QS stock price is in the correction phase and trading near its demand zone. So, a short-term bounce back may come to test the 50-day EMA. However, the sellers look more active as compared to buyers so the reliability of the bounce will remain doubtful. Quantumscape stock price closed the previous session at $6.07 with an intraday decline of -0.98%. QS Stock: Earnings May Trigger Short Squeeze QS stock price erodes the complete gains generated in 2023 and returns back to the YTD lows. It shows that the previous up move lacks genuine buyers as this stock price is unable to hold the higher levels. Quantumscape Corp. is expected to release its quarterly earnings on October 25, 2023. The analyst estimated an EPS of -0.187. So, if the company succeeds in beating the estimates, then it may increase the probability of a short squeeze. However, by analyzing the earnings of the past few quarters, the probability of beating the analyst estimates remains low. Still, the short sellers must remain careful. Quantumscape Stock Price Formed an Inverted V-shape Pattern Quantumscape stock price fell miserably…
The post Quantum scape Stock Price Prepares to React in Earnings appeared on BitcoinEthereumNews.com.
Quantumscape Corp. QS stock price fell 9.27% in the current month and is approaching the 52-week low. It displayed a bearish pattern and prices continued to decline by forming lower low swings. Quantumscape stock price is in a downtrend and trading below the 50, 200-day EMA. The short-term pullbacks are facing resistance at the 50-day EMA indicating that sellers are active. In the past few quarter earnings, QS stock price reacted violently and showed a big intraday move. So, in the coming earnings, the investors and traders should remain cautious. The historical price behavior shows that speculators became highly active at the time of earnings. So, it increases the probability of a fake breakout and breakdown. At present, QS stock price is in the correction phase and trading near its demand zone. So, a short-term bounce back may come to test the 50-day EMA. However, the sellers look more active as compared to buyers so the reliability of the bounce will remain doubtful. Quantumscape stock price closed the previous session at $6.07 with an intraday decline of -0.98%. QS Stock: Earnings May Trigger Short Squeeze QS stock price erodes the complete gains generated in 2023 and returns back to the YTD lows. It shows that the previous up move lacks genuine buyers as this stock price is unable to hold the higher levels. Quantumscape Corp. is expected to release its quarterly earnings on October 25, 2023. The analyst estimated an EPS of -0.187. So, if the company succeeds in beating the estimates, then it may increase the probability of a short squeeze. However, by analyzing the earnings of the past few quarters, the probability of beating the analyst estimates remains low. Still, the short sellers must remain careful. Quantumscape Stock Price Formed an Inverted V-shape Pattern Quantumscape stock price fell miserably…
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