QS NyseQS impressive run over the last week. Will need to continue in channel to remain bullish. Breakdown of channel will result in a sell.
QS trade ideas
QUANTUMSCAPE IS APPROACHING MAJOR RESISTANCE AT $40 QuantumScape Corp. (QS) is approaching a major resistance line at $40 , If the stock manages to break through this level, a breakout is expected! During the first few months of the year, QS formed an important level to watch at the $40 (blue) mark, as that level had provided both support and resistance. QS looks like it’s on its way back up to that level again, and that could bring another test of that $40 resistance.
If $40 is broken, next price targets will be as shown on the chart. For the believers of QS, now is the good time to buy. We can expect a pullback at $32.76 (200SMA) to $36s before it tests the $40 resistance again and will finally break it. For investors, who want safe trades, entry point is above $40.
Please do your own DDs before entering the trade.
"QuantumScape Corp. (QS) is engaged in development of next generation solid-state lithium-metal batteries for use in electric vehicles. The company has well-known investors including Bill Gates and Volkswagen (VWAGY). The company's solid-state lithium-metal batteries are expected to have significant advantages over current lithium batteries.
QS has developed a ceramic material that can be used as a solid-state separator in a battery cell. This can significantly reduce charging times and improve performance and fire safety. The firm recently announced that independent third-party tests verified the performance of its batteries.
As of the end of September, the company had $1.5 billion in cash, which compares favorably to only $66 million in long-term debt. Analyst forecast earnings to soar 95.4% year over year in the current quarter."
QS - Broke out of base and way to goQS broke strongly out of a base formation on 8 Nov and its volume continued to be strong in the past few days. It made a classic attempt to retest the breakup leve of 32.45 shortly after the initial breakup before resuming another upward thrust yesterday. This established that the horizontal "resistence" at 32.45 has now turned "support".
A chart breaking out of such a base pattern will have good odds of sustaining its uptrend for a while. QS is still in early stage yet so let's how how far it can go!
Protect profits with trailing stops. However it can be volatile % wise for stocks below $100 (12-15% short term pullbacks is possible) hence manage your trade size accordingly to withstand such volatility.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade
Correction Time, good chance to buy the dips first sequence done, price get the target which is in C box
now price will correct to the Red box so its good chance for short guys, then you can buy the dip again which is on green line
short for now, Long for ever !
SL if price closed under B on chart
QuantumScape Stock AnalysisQuantumScape researches solid-state lithium metal batteries for electric cars. It formed a joint venture with VW to produce solid-state battery cells for, initially the VW manufacturers and ultimately, other car manufacturers. From early 2021 to recently, QS experienced a massive correction in its stock price due to a lawsuit led by investors who purchased the stock between November 2020 and December 2020, alleging the executives of the corporation delivered false statements that overstated QS's purported success related to its solid-state battery power, battery life, and energy density, along with the corporation's ability to scale its technology to the multi-layer cell necessary to power electric vehicles. From July 2021 to early November 2021, the stock price has been consolidating as the corporation battles a lawsuit while continuing its operations. As the EV industry gains more traction, QS is expected to benefit from the emerging industry, especially since it is backed by several corporations and investors.
Recently, QS's single-layer lithium-metal battery cells underwent several tests which it passed successfully. The battery is approximately equivalent to 24,000 miles driven for a 300-mile range vehicle, demonstrates the ability to perform over a vehicle's expected lifetime, and can operate at continuously high charge and discharge rates with minimal degradation (exactly what EV manufacturers would prefer). Additionally, QS announced that it has secured a 10-year lease for three new production facilities to expand its San Jose (location where it is headquartered) campus. The new space will be dedicated to manufacturing the solid-state lithium-ion batteries to scale up production after the development is complete. The new production may start as early as January/February 2022.
The recent surge in QS's stock price is also partly a result of President Biden's new $1Trillion infrastructure spending bill that has been officially approved because more infrastructure spending, especially in the EV industry, will provide a bullish momentum for almost all EV-related corporations (including QS).
From a technical perspective (using only price action), the stock's price is now breaking out of a multi-month consolidation with a break and retest, providing multiple opportunities for entry. As we approach key levels, it is important to wait for more corrections and bullish momentum. Fundamental catalysts will be necessary to break past monthly and weekly levels.
QS IS THE MOVESPICE ALGO INDICATOR IS FIRE! IT IS A MUST HAVE!
QS is a solid stock and is a very good long term stock. Think about Warren Buffet buying all the oil and gas, now its electric... who will be the next Warren Buffet....
The Federal Reserve might be easing its foot off the broader market’s gas pedal. But when it comes to QuantumScape (NYSE:QS) stock, conditions are looking positively charged for big-time profits.
A QuantumScape sign at the company's headquarters.
Source: Michael Vi/Shutterstock.com
With that in mind, let’s explore a bit of what’s happening off and on the price chart of QS stock. Then, we will offer a risk-adjusted determination aligned with those findings.
Just this week, a decision from the Fed to taper its longstanding commitment in the bond market has been a major story. And this news has provided fuel for a handful of stocks in return.
Not that anyone is paying any mind or can be found quickly giving reasons as to why the move is a positive for stocks. Yet, in the scheme of things those developments, good or bad, have little to do with QS stock.
Since going public via a special purpose acquisition company (SPAC) deal with Kensington Capital less than a year ago, QuantumScape has been largely detached from broader stock averages sporting double-digit gains and hitting record highs in 2021. And this applies to both positive and negative moves for QS stock.
From a rapid stock ascent in the fourth quarter of 2020, to this year’s implosion that saw QS stock shed 80% from its peak share price of $132.73 by mid-August, make no mistake this isn’t a well-correlated stock like Microsoft (NASDAQ:MSFT) or Home Depot (NYSE:HD).
The other thing is this: QuamtumScape is a pre-sales and untested concept-stage venture aiming to jumpstart electric vehicles’ (EVs) still-apparent battery shortcomings with next-gen multilayer, solid state technology.
If it pans out, expect a multi-bagger opportunity to unfold. However, QS stock is not for those that wait for traditional metrics to play out.
QuantumScape’s sales black hole is going to remain a reality for QS stock investors for the foreseeable future. The outfit doesn’t expect a working battery for deployment into partner Volkswagen’s (OTCMKTS:VWAGY) EVs before 2024 and maybe not until 2025.
The good news, though? QuantumScape’s obvious request from shareholders to have patience isn’t necessarily a bad thing. The stock market is about future expectations and pricing shares with forward-looking efficiency, right?
$QS ABC Corrective wave Earnings next week and QS may be at a pivot point here. Possible ABC corrective wave - First PT $32
Careful with the IV crush for earnings... I like shares going into next week and after.
QS TO DA MOON QuantumScape (NYSE: QS), a startup that is working on solid-state lithium metal batteries for electric vehicles, saw its stock rise by about 17% over the last week (five trading days). The stock also remains up by about 21% over the last month (21 trading days). In comparison, the S&P 500 has gained about 6% over the past month. The gains come as Mobile Power Solutions, a third-party laboratory, tested QuantumScape’s single-layer cells, and noted that they met various necessary conditions that are relevant for EVs. The study also validated the performance that QuntumScape reported in its December 2020 Battery Showcase. Investors see this independent test as a positive for the secretive company, which hasn’t unveiled a prototype yet and seldom provides updates on its progress.
6 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 4 analyst(s), 2 recommend it as a Buy and 0 called the QS stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.
QS LongDowntrend Wedge Breakout
Breakaway Gap
Gap above SMA50
WR buy signal
OBV>OBV34
Entry 24
Stop 20
Target 40
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
I created some tradingview scripts to improve my trading entries:
OBV and OBV SMA comparison;
Williams %R two lines;
QS LongDowntrend Wedge Breakout
WR Crossed -80
OBV>OBV34
Entry 29
Stop 20
Target 65
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
I created some tradingview scripts to improve my trading skill:
OBV and OBV SMA comparison;
Williams %R two lines;
QS ready to jumpBased on volume price movements,I expect QS will go up
Take Profit: 42.7
Stop Loss: 26
QSPossible big move coming for this one?
With all the money flowing between random tickers this one could catch some steam just like how it pumped and dumped last time. If you want a speculative play here you go
over
32$ buy dated calls for QS!
Riding the WaveA break above $26 would clear the runway to $32 dollars. Earnings produced some price action but no definitive trend. Quantum Scape is a company in a hot market sector that has room to run within it's range.
www.barrons.com
TA + Personal Opinion = not investment advice.
Best of Luck!
qs ewt updatei believe qs just completed its sub-wave 2,
currently sitting in the golden zone;
should move up from here.
sub wave 3 target : $44
sub wave 5 target : $59
my position is 7\16 30\35\40c's
previous post:
QS looks amazing for big profit!!I follow some people here and it's been helpful sometimes.
Never got a chance to give back, this time the technical analysis look too good to pass on and leave it for myself.
The risk/reward looks great to me and hopefully i can make me and you guys a good damn run here.
It's not an advice, just sharing my trading plan in here, Good luck to all!
$QS Quantumscape Corp trading Pivots
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QS on watch! QS on heavy watch for the back half of this week. Paytiently waiting to see if we can get a break and hold above $24.75 for a quick push up to $28+
10/11 QS(1) if stays above 26, we shall see potential to reach 39
(2) for now is not a too good entry zone
Uptrend remain
Pole Flag Pole.
Target remain $32 first.
Good news incoming for QS.
Picking up from the bottom
$QS - worth a watchbull engulfing candle on weekly and daily.
This may start getting some attention again.
Its worth watching.
$QS UpdatedMade a great trade on QS calls and decided based on the reaction of news to execute 100 shares @25 to hold for mid term swing. Great volume and price action.
"California-based EV battery startup QuantumScape and a second top 10 global automaker agreed to partner"
Based on Volume Profile, we want to see a break of $32. She might need to cool off (RSI slightly over bought) and consolidate but really like the positive MACD and bull cross.
After $32 theres's a nice volume gap, so if you're not long already an idea would be to watch for a breakout of $32 with the next target (supply) at $42.50.
Trailing mental stop below 21EMA
News impactGood news for QS which may turn it from bearish to bullish.
Support: $20
Resistance $32/$37
Powerful movement in QuantumScapeQuantumScape is an American company that researches solid-state lithium-metal batteries for electric vehicles. The company is headquartered in San Jose, California, and employs about 400 people. Investors include Bill Gates and Volkswagen.
Yesterday, very large volumes were traded in the stock, the price rose by 16 percent, breaking through the level of 23.34 and stopped at the resistance of 25.
Earlier, the price broke through the downward trend up.
You can wait for the level 25 to break through or open from the current positions.
Goal 1:$ 40 (65.5%)
Goal 2: 83.64 (241%).
