Ran a quantitative model against QBE today to map the risk present below price action for anyone, like me who is considering allocating into this name for a swing position in my portfolio.
Seems $9.35 is the line in the sand from a numbers perspective and this is solidified by the precision of the price hit in the $10-$10.25 area at the recent lows which corresponds exactly with two key support levels from a quantitative perspective. This suggests that the model is seeing what the numbers guys in some of the big funds are seeing which means there is a chance to trade with their flows if things go to plan.
Bullish from $9.35-$11.50 and will be scaling into that range on retests.
Target is $16.00 within 12 months.
Ran a quantitative model against QBE today to map the risk...
Add QBE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.36 |
Change
0.025(0.14%) |
Mkt cap ! $26.03B | |||
| Open | High | Low | Value | Volume |
| $17.36 | $17.39 | $17.31 | $1.721M | 99.21K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 994 | $17.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.36 | 1107 | 7 |
View Market Depth
| Last trade - 10.16am 06/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$17.30 |
Change
0.025 ( 0.19 %) |
||||
| Open | High | Low | Volume | ||
| $17.37 | $17.40 | $17.30 | 39174 | ||
| Last updated 10.35am 06/05/2024 ? | |||||
| QBE (ASX) Chart |