In this daily bar chart of QSR, below, we can see that prices peaked in October and have been in a downtrend since. Prices are below the cresting 200-day moving average line and below the declining 50-day moving average.
In early February the 50-day average crossed below the 200-day average for a bearish dead cross. Like most moving average signals this one comes well after the top. The volume pattern is interesting in that we can see heavy volume at the February low which looks like it was capitulation or throwing in the towel. Prices have since stabilized from that February low.
The daily On-Balance-Volume (OBV) line made its low in December/January and has improved a bit.
The Moving Average Convergence Divergence (MACD) oscillator gave cover shorts buy signals in December and February.
In this weekly bar chart of QSR, below, we can see some green shoots. Prices are below the flat 40-week moving average line but the weekly OBV line has remained steady the past few months when prices decline. The 12-week momentum in the lower panel shows improving readings. Momentum hasn't crossed to the positive side but it is close.
In this Point and Figure chart of QSR, below, we can see the downtrend from $67.41. A trade above $60.42 will be a triple top breakout and open the way to a possible $71.42 price target.
Bottom line: Aggressive traders who like to combine approaches - quantitative and technical or fundamental and technical - could go long QSR on a close above $60. A close above $60 will break the March highs and the 50-day moving average line. Risk a close below $56 looking for gains to $71.