Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Quantumscape stock price (NYSE: QS) fell 46% in August 2023.</a> </li> 
 <li> <span>2</span> <a>QS stock price drops below the 50-day and 200-day EMA.</a> </li> 
 <li> <span>3</span> <a>Quantumscape Corp. stock struggles to defend $7.00 support.</a> </li> 
</ul> 
<p>Quantumscape Corp. QS stock price corrected 46% in August 2023 and eroded 90% of the gains generated in July. It faced sharp rejection from $14.00 and the price collapsed with a high selling volume.&nbsp;</p> 
<p>Quantumscape stock price formed a bearish pattern and sellers continued their dominance on higher levels. The stock price is oversold and near a 52-week low so a narrow-range consolidation or minor pullback is possible.&nbsp;</p> 
<p>QS stock price displayed a massive gap down and dropped below the 50, 200-day EMA. It showcases that the trend has again reversed downward.&nbsp;</p> 
<p>At the beginning of August, QS stock attempted to break the $13.00 hurdle. Sadly, the attempt failed and prices reverted down. Later, the sell-off continued and prices returned back to their breakout level.&nbsp;</p> 
<p>QS stock displayed an inverted V-shape bearish pattern which hurt the sentiment of its investors. Any short-term pullback is likely to face rejection from the $10.00 supply zone. So, it’s better to avoid creating any long position until prices break the $10.00 hurdle.&nbsp;</p> 
<p>Quantumscape stock price closed the previous session at $7.14 with an intraday decline of -0.14%. The market capitalization stands at $3.50 Billion.</p> 
<h2 class="wp-block-heading" id="strong-will-qs-stock-price-recover-or-decline-further-strong"><strong>Will QS Stock Price Recover or Decline Further?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/RF6tb29aC-kwpviRUg92yLiAcfcxvPJiGTrCGGW-Bf6EfyXfMp8JKl5oIAAglftuHfQM_NpepuTqlp8rMLfuXvWpvvZM3yoekC0Tl1Xjy4YEdX74zyRtujcsL-l5k619a6jxM--PRMNxbvQ1YqRPgw" alt="Quantumscape Stock fell 46%; Will QS Stock Recover in Sep 2023?"> 
  <figcaption class="wp-element-caption">
    NYSE: QS daily chart by <a href="https://www.tradingview.com/x/3NCqtOZi/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>QS stock price is highly volatile indicating that the speculative activities are high. Previously, buyers have tried multiple times to break the $10.00 hurdle and sustain. However, due to the strong presence of sellers, it reverted downward.&nbsp;</p> 
<p>Till the <a href="https://www.thecoinrepublic.com/2023/08/23/qs-stock-price-forecast-can-nyse-qs-rebound-with-thrust/" target="_blank" rel="noopener noreferrer nofollow">Quantumscape</a> stock trades below $10.00, any minor pullback rally will not be reliable. Short sellers are active and may take the pullback as a fresh shorting opportunity.&nbsp;</p> 
<p>On the lower side, if the bears succeed in breaking the $5.68 support then more downside will open. The technical analysis suggests that QS <a href="https://www.thecoinrepublic.com/2023/08/23/qs-stock-price-forecast-can-nyse-qs-rebound-with-thrust/" rel="noopener noreferrer nofollow">share price</a> is highly bearish and the possibility of recovery is quite low.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-quantumscape-stock-price-is-oversold-strong"><strong>Quantumscape Stock Price is Oversold</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp; 
 <div id="tradingview_4e17d"></div> &nbsp;&nbsp; 
 <div class="tradingview-widget-copyright"> <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a> 
 </div> &nbsp;&nbsp; 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp; 
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "NYSE:QS",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "dark",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;Supertrend"

  ],

  "container_id": "tradingview_4e17d"

}

  );

  </script> 
</div>  
<p>Quantumscape stock price (NYSE: QS) is bearish on multiple time frames. The prices had corrected a lot from its swing high but still no signs of recovery are visible. However, QS stock price is oversold so it might spend some time in consolidation.&nbsp;</p> 
<p>The MACD curve is reversing upward and displays a positive crossover. But price action shows divergence. The RSI at 41 indicates weakness but if prices recovers then it might reach the neutral territory.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Quantumscape Corp. QS stock price fell 46% in the previous month and eroded a big portion of its market capitalization. It seems like some big investors have taken an exit because the future does not look bright.&nbsp;</p> 
<p>The technical analysis suggests that the Quantumscape price is in bear grip, and the probability of recovery in September remains low.</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li>Resistance levels: $8.50 and $9.63</li> 
 <li>Support levels: $5.68 and $5.00</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Quantumscape Stock fell 46%; Will QS Stock Recover in Sep 2023?

目录

Thecoinrepublic.com

发布于 2023年9月1日的其他文章

Balancer protocol exploited for $900K as DeFi hacks mount: Finance Redefined

Coinbase Aims for Regulatory Clarity in SEC Battle, Not Just a Win

BITMAIN is Hosting the World Digital Mining Summit 2023 and Launching the World’s First 1X J/T Bi...

Bitcoin Price Analysis: Bears Eye Break Below 25462 – 2 September 2023

Creditors Accuse Crypto Lender Genesis of Vote Buying as Bankruptcy Proceedings Continue

Former SEC Chair Says Spot Bitcoin ETF Approval Is 'Inevitable'

订阅我们免费的电子期刊，获取每日最新加密领域动态！