QuantumScape has not performed well in the last month, declining by 33.33%, and falling by 32.27% in the last six months. QuantumScape Corporation (NYSE: QS) stock has a positive year-to-date return of 16.58% and a negative one-year return of 37.94%. The average volume is 16.068 Million and the current volume is 4.756 Million where the current volume is below average volume.
Moreover, the market capitalization of QS stock is $3.309 Billion and the stock’s basic EPS is -$1.02 and the price-to-earnings ratio is -7.4.
QuantumScape Corporation is an auto components industry and its top shareholder is Porsche Automobil Holding SE which owns 17.77% of the company. As per its ownership breakdown General public holds 43.0% shares, institution holds 29.9% shares, public companies hold 17.8% shares, and the rest others.
QS Stock Price Technical Analysis in 1-D Timeframe
The price action shows that QuantumScape Corporation ( NYSE: QS) stock price took support at $5.70 with a swift uptrend was noticed and in nearly a month reached a high at $13.86 and since then the QS stock is a continuous downtrend for the last three weeks by making lower lows and highs.
At the time of publication, the QS Stock’s current price is around $6.82 trading at the demand zone with liquidity in the QS stock, where buyers most probably have pending buy or sell orders in Quantumscape stock price, waiting to be triggered over daily time frame chart, either the QS stock price consumes liquidity and crashes or takes support and rises.
Therefore, if QuantumScape fails to maintain the current level, the QS price could continue to drag downwards and hit the nearest support levels around $5.70 and $5.08.
However, if the stock price sustains the current level and QuantumScape stock’s price increases, then it might reach the nearest resistance levels of $8.21 and $9.45.
At the time of publishing, QuantumScape Corporation. (NYSE: QS) is trading underneath all the major exponential moving averages (EMA’s – 20, 50, 100, and 200-day), which declines the QuantumScape stock price (QS) trend.
The current value of RSI is 34.85 points. The 14 SMA is below the median line at 37.85 points which indicates that QS stock is in bearish territory and the RSI line took rejection from 14 SMA.
The MACD line at 0.6977 and signal line at 0.4491 are above the zero line and both lines have crossed each other. A bearish crossover is noticed in the MACD oscillator which expresses bearishness for the QuantumScape stock price.
QuantumScape Corporation’s (NYSE: QS) price action highlights a bearish view. At the time of publishing, the technical oscillators for QS stock price also support a bearish trend. Most sought and reliable oscillators such as MACD, RSI, and EMA highlight downward hints in QuantumScape price. Moreover, the investors and traders of the stock on the daily time frame chart highlight the bearish sentiments.
- Support levels: The nearest support levels for QS stock price are $5.70 and $5.08.
- Resistance levels: The nearest resistance levels for the QuantumScape stock price are $8.21 and $9.45.
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