QBTS Technical Analysis - D-WAVE QUANTUM INC

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to QBTS. Both in the recent history as in the last year, QBTS has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that QBTS is one of the better performing stocks in the market, outperforming 99% of all stocks.

QBTS is part of the Software industry. There are 279 other stocks in this industry. QBTS outperforms 100% of them.

QBTS is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month QBTS has a been trading in the 14.78 - 27.99 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

QBTS has an average volume of 45355700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

D-WAVE QUANTUM INC / QBTS Weekly stock chart

D-WAVE QUANTUM INC / QBTS Daily stock chart

Setup Rating and Analysis

Although QBTS has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

14.66

27.80

We found 4 important support areas.

Support @16.55 from a trend line in the weekly time frame.
Support @15.78 from a trend line in the weekly time frame.
Support @15.27 from a trend line in the daily time frame.
Support @14.81 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 QBTS is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for QBTS is up.
ChartMill Relative Strength	99.84	POSITIVE	QBTS has a high relative strength, it outperformed 99.84% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of QBTS is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of QBTS is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of QBTS is above the rising SMA(200).
Relative Strength Index/RSI (14)	80.69	OVERBOUGHT	The high RSI value suggests QBTS may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.26	POSITIVE	The MACD value suggests QBTS has a positive trend.
Stochastics (14,3)	93.17	OVERBOUGHT	The high Stochastics value suggests QBTS may be overbought.
Average True Range in percent/ATR (20)	5.56	HIGH VOLATILITY	The high ATR as a percentage value for QBTS suggests high volalility.
Average Directional Index/ADX (14)	31.92	POSITIVE	The high ADX value value for QBTS suggests a strong trend.