QuantumScape Stock Slides 13% Pre-Earnings Despite Bullish Technical Signals
QuantumScape shares tumbled over 13% in Wednesday's session as investors braced for the solid-state battery developer's Q3 results. The selloff comes despite consensus estimates projecting a narrower loss of $0.20 per share compared to $0.23 in the year-ago quarter.
Technical indicators paint a contrarian picture. The MACD histogram shows bullish momentum, while the stock's $13.41 price sits comfortably above its 50-day EMA of $12.49. A 6.37% positive ROC reading further confirms upward price momentum - rare divergence for a stock in freefall.