QuantumScape Corp (NASDAQ:QS) shares are trading higher by almost 6% on Thursday as risk appetite stays firm and traders lean into higher-beta names.
- QuantumScape shares are powering higher. Why is QS stock up today?
Critical Price Levels To Watch For QS
Even with Thursday’s bounce, QS is still trading below its key moving averages: about 2.9% below the 20-day SMA ($7.22), 9.2% below the 50-day SMA ($7.71), and 29.4% below the 200-day SMA ($9.93). That keeps the bigger-picture trend pressured, especially after the death cross in February (50-day SMA below the 200-day SMA).
Momentum is best framed through RSI, which sits at 45.01—neutral territory that suggests the stock isn’t stretched, but also isn’t showing strong upside momentum yet. In practice, that often lines up with choppy rebounds that need follow-through above nearby resistance to turn into a trend.
- Key Resistance: $7.50 — a nearby round-number area that also sits close to the 50-day EMA ($7.52), where rebounds can stall
- Key Support: $6.50 — a nearby floor that’s been close enough to matter as a recent “buyers step in” zone, above the $5.90 52-week low
Honda Partnership Expands QuantumScape’s Opportunity
In late June, QuantumScape and Honda announced a joint research program focused on solid-state battery development and related manufacturing processes, giving QS a broader platform technology narrative beyond passenger EV battery packs.
Honda could eventually use QuantumScape’s technology across motorcycles, scooters, industrial equipment, backup power, marine engines and stationary storage, where fast charging, higher energy density and safety could matter.
Meanwhile, higher-margin deployments could help Honda and QuantumScape test manufacturing, integration and safety before scaling into mass-market EVs.
QuantumScape Earnings Preview for July 2026
The countdown is on: QuantumScape is set to report earnings on July 22, 2026 (confirmed).
- EPS Estimate: Loss of 18 cents (Up from a loss of 20 cents YoY)
Analyst Consensus & Recent Actions: The stock carries a Hold rating with an average price target of $8.93. Recent analyst moves include:
- Evercore ISI Group: In-Line (Lowers Target to $10.00) (Feb. 23)
- HSBC: Upgraded to Hold (Lowers Target to $8.30) (Feb. 19)
- Morgan Stanley: Equal-Weight (Lowers Target to $8.50) (Feb. 18)
QS Stock Price Movement on Thursday
QS Stock Price Activity: QuantumScape shares were up 6.03% at $7.03 at the time of publication on Thursday, according to Benzinga Pro data.
Image: Courtesy of QuantumScape
