Quotient Technology Inc. (NYSE:QUOT) Moves into Oversold Range

Traders are watching Quotient Technology Inc. (NYSE:QUOT) intently as the stock has moved into “oversold” range with an RSI of 18.33.  The stock reached $12.40 on a recent check.  

Moving Averages

When looking at companies that are considered to be oversold, it is important to consider the moving averages of the security.  We see here that the stock is -18.90% away from the 20-Day Simple Moving Average.  Their 50-Day Simple Moving Average is a difference of -21.93% from current levels.  Further back, their 200-Day Simple Moving Average is -2.33% difference from today’s price.  Currently, the stock is -30.53% from its 50-Day High and -8.82% from the 50-day low. 

Based on the stock’s volatility for the week, which is a statistical measure of the dispersion of returns for a given stock and represents average daily high/low percentage range of 3.98% and month of 3.29%.  So are analysts giving the Buy signal at this juncture?  Sell-side firms currently have a consensus recommendation of 1.10 on the shares.  This is based on a 1 to 5 formula where 1 indicates a Strong Buy and 5 a Strong Sell.

Analysts are projecting the stock to trade at 19.33 within the next 12-18 months. 

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