IONQ Technical Analysis - IONQ INC

Technical Rating and Analysis

Taking everything into account, IONQ scores 8 out of 10 in our technical rating. In the last year, IONQ was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month IONQ has a been trading in the 52.27 - 84.64 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

When comparing the yearly performance of all stocks, we notice that IONQ is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by IONQ over the past year are nicely spread over this period.

IONQ is part of the Technology Hardware, Storage & Peripherals industry. There are 34 other stocks in this industry. IONQ outperforms 93% of them.

IONQ has an average volume of 27806100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

IONQ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IONQ is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although IONQ has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

36.29

59.47

When analyzing the support we can see 5 important areas.

A support zone ranging from 55.44 to 55.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @44.33 from a trend line in the daily time frame.
Support @42.24 from a trend line in the daily time frame.
A support zone ranging from 37.84 to 38.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @36.66 from a horizontal line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for IONQ is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for IONQ is down.
ChartMill Relative Strength	97.44	POSITIVE	IONQ has a high relative strength, it outperformed 97.44% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of IONQ is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of IONQ is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of IONQ is above the rising SMA(200).
Relative Strength Index/RSI (14)	40.12	NEUTRAL	The RSI value for IONQ is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-3.08	NEGATIVE	The MACD value suggests IONQ has a negative trend.
Stochastics (14,3)	7.66	OVERSOLD	The low Stochastics value suggests IONQ may be oversold.
Average True Range in percent/ATR (20)	12.16	HIGH VOLATILITY	The high ATR as a percentage value for IONQ suggests high volalility.
Average Directional Index/ADX (14)	30.99	POSITIVE	The high ADX value value for IONQ suggests a strong trend.