Technical Analysis:
Based on the latest data, QS is currently trading at $5.17, showing a bearish trend with RSI at 46.14 indicating neutral momentum . The stock has experienced significant selling pressure recently.
Key Technical Indicators:
- RSI (14) at 46.14 suggests neutral momentum but trending downward
- MACD is bearish with -0.05 and negative histogram (-0.08)
- Stock trading below both SMA-200 ($5.64) and SMA-50, indicating bearish trend
- Stochastic RSI extremely low at 7.85, suggesting oversold conditions
News Sentiment Analysis:
Recent news highlights several key developments:
- QuantumScape started shipping first samples of QSE-5 batteries to automakers in Q3 2024
- The company is transitioning from Raptor to Cobra separator process in 2025 to improve productivity
- Volkswagen continues supporting development through PowerCo partnership
Price Prediction for Next Week:
Based on Fibonacci levels:
- Resistance levels: R1: $5.63, R2: $5.82, R3: $6.12
- Support levels: S1: $5.03, S2: $4.84, S3: $4.53
- Pivot point: $5.33
Trading Recommendation: SELL
Rationale:
- Technical indicators show bearish momentum
- Price trading below key moving averages
- Jim Cramer recently recommended selling QS
- Stock faces significant resistance at $5.63
Target price range for next week: $4.84-$5.03, with potential to test lower support at $4.84 if market weakness continues.
Technical Analysis:
Based on the latest data, QS is currently trading at $5.17, showing a bearish trend with RSI at 46.14 indicating neutral momentum . The stock has experienced significant selling pressure recently.
Key Technical Indicators:
- RSI (14) at 46.14 suggests neutral momentum but trending downward
- MACD is bearish with -0.05 and negative histogram (-0.08)
- Stock trading below both SMA-200 ($5.64) and SMA-50, indicating bearish trend
- Stochastic RSI extremely low at 7.85, suggesting oversold conditions
News Sentiment Analysis:
Recent news highlights several key developments:
- QuantumScape started shipping first samples of QSE-5 batteries to automakers in Q3 2024
- The company is transitioning from Raptor to Cobra separator process in 2025 to improve productivity
- Volkswagen continues supporting development through PowerCo partnership
Price Prediction for Next Week:
Based on Fibonacci levels:
- Resistance levels: R1: $5.63, R2: $5.82, R3: $6.12
- Support levels: S1: $5.03, S2: $4.84, S3: $4.53
- Pivot point: $5.33
Trading Recommendation: SELL
Rationale:
- Technical indicators show bearish momentum
- Price trading below key moving averages
- Jim Cramer recently recommended selling QS
- Stock faces significant resistance at $5.63
Target price range for next week: $4.84-$5.03, with potential to test lower support at $4.84 if market weakness continues.