The Hourly View for QDEL
At the moment, QDEL’s price is down $-11.47 (-6.3%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
QDEL’s Technical Outlook on the Daily Chart
At the time of this writing, QDEL’s price is down $-10.66 (-5.84%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as QDEL has now gone down 5 of the past 5 days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Quidel Corp’s price action over the past 90 days can be seen via the chart below.
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