Chips · Stock report · Qnity Electronics (NYSE: Q)
Qnity Electronics — 40th of 86 chip stocks on 1-month move; our flow reading slows to 23.7
The Closelooknet read
Qnity Electronics (NYSE: Q) sits in the middle of our chip section and is losing momentum: it ranks 40th of the 86 stocks we track on its 1-month move, and our money-flow reading (a gauge of net buying pressure) is 23.7, down 15.4 points over 21 sessions. Our momentum score is 22 and the composite is 41 of 100. The stock fell 9.5% on Thursday's session to close at $108.78, about 3.4 times its typical daily swing. What we watch: whether it reclaims its 50-day average of $124.38, or slips toward its 52-week low of $73.54.
Where Qnity stands among our chip stocks
Qnity's 1-month move of -12.6% puts it 40th of 86 in our chip section. Its peers in gases and chemicals across venues are all up over the same month: Linde (LIN) 8.7%, Air Liquide (AI.PA, Paris) 3.2% and Ajinomoto (2802.T, Tokyo) 1.9%.
Qnity is 38.1% below its 52-week closing high of $175.64 from 22 June. Linde is 6.6% below its high, Air Liquide 7.9% and Ajinomoto 18.3%.
Our money-flow and quality readings
Our money-flow reading is 23.7, still positive but slowing, with the label neutral. It is down 4.5 points over five sessions and 15.4 over 21.
On our scores Qnity rates 41 of 100 overall. Momentum is the weakest at 22, followed by valuation at 34 and growth at 39. Cash quality is 45, quality and capital allocation 51 each, and balance sheet 55. On the Piotroski score, a check of financial health, Qnity is scored 5 of 8.
Price trend
Qnity closed at $108.78 after opening with a 3.5% gap down. It is 12.5% below its 50-day average ($124.38) and 15.4% below the average close of the last 200 sessions ($128.50). As of 21 October, the 50-day had crossed below the 200-day seven sessions earlier, a death cross, the classic trend-turn-lower.
The stock is still up 33.2% this year, but down 19.5% over three months. Its typical daily swing is about 2.8%.
Closelooknet is a research diary. Nothing here is investment advice or a recommendation to buy or sell.