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.
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.