Quidel Corporation (QDEL)

Quidel stock forecast: buy or sell

Quidel stock outlook

  • After marking all-time highs on Thursday, Quidel closed at $246.64 merely changing a 0.69%
  • The price is currently higher than the upper Bollinger band, which usually indicates a near-term correction
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Important note:
The thoughts contained in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this article does not have any knowledge of the specific positions of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are expressed for educative reasons only

Quidel stock chart overview

Should I buy Quidel stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is QDEL stock a buy?

Currently, Quidel stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean QDEL will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell Quidel stock?

When is it time to sell Quidel?. Like when we have to buy shares, deciding when is the best time to sell is not a capricious decision, and we must adhere our own trading strategy. We like very simple strategies to guide us on when is the best time to sell a stock. Be aware that these strategies are not intended for shorting Quidel stock

A golden rule is that you should never mantain an investment that shows a greater losses than those expected by the time of the buy. When to sell your stock always has to be ruled by the stop-loss (automatic or manual)

Is it time to sell Quidel stock?

Currently, Quidel stock doesn't match any of our preferred sell setups, so if you own Quidel shares and your operation is in profit probably is not time to sell now

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Analysts' recommendations to buy or sell Quidel stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the last 30 days we couldn't find any rating for Quidel

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Technical analysis

Since on October 2019, Quidel has been drawing an uptrend that so far marked a gorgeous 346.41%. During this uptrend, the price provided some buy points on the breakouts. Latest pullback was in early June, when price bounced at $147.28. Quidel broke out above $210.81 (its last top) on June 30. That breakout was a good entry point that resulted in a 17% profit

QDEL at Highs

Quidel did it again, and marked all-time highs (ATH) on Thursday at $248.00. It's the 5th time in the last 10 sessions, marking an important rally

SMAs overview

Moving averages are indicators for investors to detect market momentum. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages

Supports and resistances

Investors use support and resistance levels to spot price points in the stock price action that may act as glass ceiling, preventing the price of shares to move up or down. A support level is a level where the price tends to stop as it falls. Price is more likely to "bounce off" this level rather than break through it. Nevertheless, if the price breaks down this level, it will probably continue descending until approaching another support level. On the other side, resistance levels are where the price may find a curb as it moves up. Likewise, the price is more likely to "bounce off" at this level, and if it finally breaches this level, it will climb easily until it hits the next resistance

Price is at all-time highs and there are not upper resistance levels.

The current support levels are:

  • S1: $210.81 (-14.53% below)
  • S2: $147.28 (-40.29% below)
  • S3: $82.72 (-66.46% below)
  • Bollinger bands

    So-called Bollinger bands are a widely known practice introduced by John Bollinger. By essence, the Bollinger Bands are bands that fluctuate around a centralmoving average, ranging the distance from the bottom to the top depending on market volatility. They are usually plotted by an interval of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    When the price moves out of the band (above the upper line or below the lower line) it shows that the price action is currently having a very strong trend and therefore can reverse the trend to the average. In this case, the price is beyond the upper band, meaning a possible short-term corrective movement (at least) until it is below the band

    Relative strength index

    The RSI (Relative Strength Index) is an oscillator-type indicator that measures price fluctuations to reveal when the share or financial asset is oversold or overbought. Like other oscillation indicators, the RSI moves in a range from 0 to 100. J. Welles Wilder introduced the relative strength indicator in the late 1970s and since then it has been widely used by stock traders

    The RSI dropped below the overbought level of 70 on Tuesday after just crossing to the overbough zone for 1 day (weak signal). The RSI reading yesterday was 69.95. Quidel stock exploded a 4.7% since that level was lost

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    Earnings and financials

    Quidel Corporation (QDEL) posted 1st-quarter earnings of $0.93 per share, significantly surpassing the Market consensus estimate of $0.75 per share. This Q1 report means an earnings surprise of 24%. Company's sales resulted of $174.7 million compared to $157.5 million forecasted by market consensus.

    Compared to the same quarter one year ago, EPS was $0.60, so current EPS is a increase of 55%. Looking at sales, figures exploded a 18.03% compared to $148.0M year over year.

    Quidel posts financial report on Wednesday next week. Market estimates an Earnings per Share of $0.87, compared to previous quarter that was $0.93. Earnings reporting day has a more than usual risk for traders as the information provided can jump up or down the stock price with exceptionally low volume and not respecting your buy or stop-loss orders. Have a look company's website to confirm time and details about the earnings call and the earnings report.

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