QuantumScape (QS) trades lower as investors wait for clearer revenue progress. Analysts expect another loss this quarter, with EPS near –0.18, matching recent trends. However, the company continues improving efficiency, and recent results beat expectations. Therefore, experts see gradual progress but no major financial shift yet.
Next quarter should show a similar pattern, with EPS near –0.17 according to analyst estimates. The company still focuses on scaling solid‑state battery technology, which delays meaningful revenue. Even so, analysts highlight improving cash discipline and steady technical milestones. Consequently, expectations remain cautious but slightly more optimistic.
Elliott Wave Outlook: QuantumScape (QS) Weekly Chart December 2025
Last year, wave (1) finished at the 19.07 high in October. From there, we anticipated the chart would shift into a corrective phase as Wave (2) began. Our view suggested Wave (2) could drop into the 6–7 dollars zone before the rally continued above 19.07. At that time, we also noted that price might still make one more low to complete Wave A of (2). Regardless of that final dip, we expected a rebound as Wave B. That bounce was projected to reach the 15–17 area before the chart resumed its decline into Wave C of (2). We stated that only a break above the Wave (1) high would confirm that Wave (2) had already finished and that QS had started a new bullish cycle. (If you want to learn more about Elliott Wave Principle, please follow these links: Elliott Wave Education and Elliott Wave Theory.)
Elliott Wave Principle Behind the Market Structure
Impulse
An impulse is a clean 5‑wave pattern that drives the trend forward.
- Waves 1‑3‑5 are strong and directional.
- No overlap between waves 1 and 4.
- Wave 3 is usually the strongest.
- Structure is clear, with increasing momentum.
Elliott Wave Outlook: QuantumScape (QS) Weekly Chart May 2026
Wave A dropped more than expected and reached the 6‑dollar area, where QS bounced to 9.66 and completed Wave B. After that bounce, we still expect more downside to complete three waves and finish the Wave (2) correction before looking for buying opportunities to trade in wave (3) of an impulse.
For now, the ideal zone to complete the correction sits at 5.03–3.60. In that region, the market must show a clear bullish reaction to confirm the pullback has ended and the next upward cycle can continue.
Source: https://elliottwave-forecast.com/stock-market/quantumscape-qs-targets-zone/