Quant (QNT) is currently trading at $58.68, having seen a significant decline of 8.34% over the past 24 hours. The daily trading range has fluctuated between a low of $54.52 and a high of $64.07, indicating volatility and a potential resistance level at the upper end.

The volume of $44,162,790 represents a volume-to-market cap ratio of 5.19%, suggesting moderate trading activity relative to its market capitalization. Technical indicators reveal bearish momentum, with the 1-hour RSI at 35, suggesting oversold conditions, while the 7-day RSI at 44 indicates a lack of buying strength in the short term.

Shorter-term moving averages are trending downwards, with the 8 SMA at $59.03 and the 13 SMA at $59.95 showing negative shifts of -0.59% and -2.12%, respectively. The longer-term moving averages, particularly the 55 SMA at $64.46 and the 144 SMA at $66.88, highlight a bearish trend, down -8.97% and -12.27%, indicating resistance levels that could hinder price recovery.

From a fundamental perspective, QNT's price has decreased significantly over the past month by approximately 25.14%, alongside a 14-day price change of -28.47%. This sustained downward trend, coupled with the proximity to the lower end of its daily trading range, suggests that market sentiment remains negative.

Given the current technical indicators and the prevailing market conditions, a cautious approach is warranted. The recent price movements and lack of upward momentum support a Hold rating, as potential buyers might wait for a clearer reversal signal before entering the market.