QuantumScape (QS) Bottoms Out: Wave II Ends, Bullish Cycle Begins

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QuantumScape (NYSE: QS) makes solid-state lithium-metal batteries to improve electric vehicles. Founded in 2010, the company works with Volkswagen to grow its production. It uses lithium metal instead of graphite to charge faster and store more energy. Its ceramic separator helps lithium plate directly, making batteries safer and stronger. QuantumScape owns over 600 patents and has enough funding to last through 2028. The company plans to start commercial production by 2026 and lead battery innovation in the future.

QuantumScape holds around $860 million in cash and reports no debt, ensuring funding through 2028. It invests heavily in R&D and manufacturing. Despite quarterly losses near $114 million, it maintains financial discipline. Investors remain optimistic, especially after launching its Cobra separator line. The company’s market cap exceeds $5.1 billion, reflecting strong belief in its future. As it moves toward commercial production by 2026, QuantumScape balances innovation with strategic financial planning.


QS Weekly Technical Analysis: March 2025 Outlook

QuantumScape (QS) Bottoms Out: Wave II Ends, Bullish Cycle Begins

As we said on March, the price action of QS shares broke a significant support level, indicating the continuation of a downward trend. Consequently, the bearish movement represented the final phase of QuantumScape’s decline. This breakdown set the stage for a new bullish trend to emerge. It also reflected rising investor uncertainty, which underscored the importance of monitoring key catalysts and fundamental shifts. These had the potential to ignite the anticipated upward momentum.


QS Weekly Technical Analysis: July 2025 Outlook

QuantumScape (QS) Bottoms Out: Wave II Ends, Bullish Cycle Begins

QuantumScape (QS) has completed a major pullback, marking the end of Wave II at the 3.40 low. After breaking above 9.52 and 13.86, the price signals the bearish cycle likely ended and an upward move has begun. Currently, the market appears to be forming an impulsive structure, labeled as Wave (1). It's too early to confirm where Wave (1) will end, so stay alert and watch for the ideal chart pattern. After that, we expect a correction in 3, 7, or 11 swings to complete Wave (2) before another upward leg. This outlook remains valid as long as price stays above the 3.40 low.

Source: https://elliottwave-forecast.c...

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