D-WAVE QUANTUM INC (QBTS) Technical Analysis
NYSE:QBTS • US26740W1099
Current stock price
QBTS Technical Rating and Analysis
Overall QBTS gets a technical rating of 2 out of 10. Although QBTS is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- QBTS is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so QBTS is lagging the market.
- In the last month QBTS has a been trading in the 12.75 - 19.52 range, which is quite wide. It is currently trading near the lows of this range.
- QBTS is one of the better performing stocks in the Software industry, it outperforms 85% of 275 stocks in the same industry.
- QBTS has an average volume of 24695300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that QBTS is one of the better performing stocks in the market, outperforming 76% of all stocks. However, we also see that QBTS couldn't keep up this performance in the last couple of months.
QBTS Weekly and Daily overview Charts
QBTS Setup Rating and Analysis
The technical rating of QBTS is bad and it also does not present a quality setup 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.
More info and screens
QBTS Support and Resistance Analysis
13.59
When analyzing the support we notice one important area.
- Support @13.73 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 14.33 to 14.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.31 from a trend line in the daily time frame.
- Resistance @20.06 from a trend line in the weekly time frame.
- Resistance @23.11 from a trend line in the daily time frame.
QBTS 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 | DOWN | NEGATIVE | The long term trend for QBTS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QBTS is down. |
| ChartMill Relative Strength | 76.34 | POSITIVE | QBTS has a high relative strength, it outperformed 76.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QBTS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QBTS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of QBTS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.85 | NEUTRAL | The RSI value for QBTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests QBTS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.73 | NEUTRAL | The Stochastics value for QBTS is a neutral value. |
| Average True Range in percent/ATR (20) | 7.84 | HIGH VOLATILITY | The high ATR as a percentage value for QBTS suggests high volalility. |
| Average Directional Index/ADX (14) | 33.59 | POSITIVE | The high ADX value value for QBTS suggests a strong trend. |
QBTS Chart- and CandleStick Pattern Analysis
QBTS Technicals: Chart, Performance Metrics, Trend & Indicators
13.74
-0.4 (-2.83%)
D-WAVE QUANTUM INC / QBTS TA FAQ
What is the ChartMill technical rating of D-WAVE QUANTUM INC (QBTS) stock?
ChartMill assigns a technical rating of 2 / 10 to QBTS.
Can you provide the trend direction for D-WAVE QUANTUM INC?
The current trend direction for D-WAVE QUANTUM INC (QBTS) is Bearish.
What is the RSI signal for QBTS stock?
D-WAVE QUANTUM INC (QBTS) has an RSI value of 34.8485. This indicates that the stock is currently neutral.
What is the buy/sell signal for QBTS stock?
The buy/sell signal for D-WAVE QUANTUM INC (QBTS) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for D-WAVE QUANTUM INC (QBTS) stock?
D-WAVE QUANTUM INC (QBTS) has a support level at 13.73 and a resistance level at 14.33. Check the full technical report for our detailed analysis of QBTS support and resistance levels.