Q Rallies 4.44% and Breaks Above 97.3 Resistance

$Qnity Electronics Inc(Q)$

Q Rallies +4.44%: Breaking $97.3 Resistance, Eyes $100+ Zone

Latest Close Data:

Closed at $97.25 on 2026-01-19, up +4.44% ($4.13). Now ~7.7% below its 52-week high of $105.40.

Core Market Drivers:

Strong net capital inflow of ~$13M for the day signals institutional accumulation. Recent 5-day fund flow data shows mixed sentiment but overall positive momentum building.

Technical Analysis:

High volume (4.16M shares, VR=1.53) confirms breakout strength.
RSI(6) at 84.58 indicates overbought conditions, suggesting near-term consolidation may be needed.
MACD continues bullish expansion (DIF: 2.52, DEA: 1.31, MACD: 2.42).

Key Price Levels:

Primary Support: $79.7 (previous swing low)
Strong Resistance: $97.3 (recently broken, now acting as immediate pivot)
Immediate Pivot: $97.3

Valuation Perspective:

P/E (TTM) at 25.3x and P/S at 4.37x. Forward P/E of ~35.2 suggests high growth expectations priced in.

Analyst Targets:

8 analysts covering, all bullish (2 Strong Buy, 6 Buy). Average target price of $106.00, with a high of $117.0.

Weekly Outlook:

Consolidation expected near $97-$100 after the sharp rally. A sustained close above $100 could target the $105-$107 zone (52-week high & analyst targets). Failure to hold $97.3 may see a pullback toward $93-$94 support.

Risk Disclaimer:

This analysis is for informational purposes only and not financial advice. Trading involves risk, including potential loss of principal. Past performance does not guarantee future results. Always conduct your own research.

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now

Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Click to access the activity

Other helpful links:

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.