QuantumScape Surges 2.97% on $225M Volume Ranks 448th in Market Activity

QuantumScape (QS) surged 2.97% on August 12, 2025, closing at $9.35 with a trading volume of $225.56 million, ranking 448th in market activity. The stock oscillated 4.91% between intraday lows of $8.96 and highs of $9.40, reflecting heightened volatility. Recent price action suggests a mixed technical outlook, with support levels at $9.28 and $8.81 and resistance at $10.85.

The stock remains within a broader rising trend, supported by short-term moving averages and increased volume. However, conflicting signals emerge: a sell signal from the 3-month MACD and a pivot top identified on July 18, 2025, indicate potential downward pressure. The 2.97% gain aligns with a 0.75% two-week uptrend, but a breakdown below $8.83 could signal a trend reversal. Accumulated volume at $9.28 offers immediate support, though risks persist due to the stock’s “very high risk” volatility profile.

Analysts note a cautious stance, upgrading the stock to a “Hold/Accumulate” candidate from “Sell.” While positive indicators include bullish momentum and proximity to key support, bearish elements—such as a sell signal from the long-term moving average crossover—limit upside potential. The predicted fair opening price of $9.24 on August 13 suggests a narrow trading range, with expected volatility of ±10.74%.

The backtest of a strategy buying the top 500 stocks by daily trading volume and holding for one day yielded a $2,550 profit from 2022 to 2025. However, the approach faced a maximum drawdown of -15.2% on October 27, 2022, underscoring the strategy’s susceptibility to market swings despite overall profitability.