How is the market looking for QLGN tom

The market is currently showing mixed signals for Qualigen Therapeutics (QLGN). Here are some key points to consider:

1. Recent Price Movement: The stock price of QLGN has experienced a significant gain of 59.54% in the past day, closing at $0.28. This follows a previous decline of -35.26% since June 4, 2024.
2. Technical Indicators: The stock is currently trading above its 5-day and 10-day moving averages, which suggests a short-term upward trend. However, the stock has been volatile, with a high Relative Strength Index (RSI) of 82.34, indicating that it may be overbought.
3. Resistance and Support Levels: The resistance level for QLGN is $0.43, while the support level is $0.25. The stock has shown a tendency to provide support at the $0.25 level, which could be important for future price movements.
4. Analyst Ratings and Price Targets: There is no available data on analyst ratings or price targets for QLGN, which could indicate a lack of interest or uncertainty among analysts.
5. Market Sentiment: The market sentiment towards QLGN has been positive, with a buy signal from both short and long-term moving averages. However, the stock has been volatile and risky, with a high potential for price swings.

In conclusion, while the recent price movement and technical indicators suggest a potential for further short-term gains, the lack of analyst coverage and the high volatility suggest that investors should exercise caution when considering QLGN. It is important to closely monitor the stock's performance and market conditions before making any investment decisions.