D-WAVE QUANTUM INC (QBTS) Stock Technical Analysis
NYSE:QBTS • US26740W1099
Taking everything into account, QBTS scores 4 out of 10 in our technical rating. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- In the last month QBTS has a been trading in the 16.92 - 23.15 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that QBTS is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by QBTS over the past year are nicely spread over this period.
- QBTS is part of the Software industry. There are 274 other stocks in this industry. QBTS outperforms 97% of them.
- QBTS has an average volume of 33596800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- QBTS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so QBTS is lagging the market.
QBTS has an average technical rating and the quality of the presented setup is also not ideal 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
12.42
We found 4 important support areas.
- Support @18.36 from a trend line in the daily time frame.
- Support @18.06 from a horizontal line in the weekly time frame.
- Support @17.51 from a trend line in the daily time frame.
- Support @12.55 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @20.14 from a horizontal line in the daily time frame.
- A resistance zone ranging from 24.22 to 24.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @26.53 from a trend line in the daily time frame.
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 | 96.82 | POSITIVE | QBTS has a high relative strength, it outperformed 96.82% 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) | UP | MIXED | The current price of QBTS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.58 | NEUTRAL | The RSI value for QBTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests QBTS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.65 | NEUTRAL | The Stochastics value for QBTS is a neutral value. |
| Average True Range in percent/ATR (20) | 9.66 | HIGH VOLATILITY | The high ATR as a percentage value for QBTS suggests high volalility. |
| Average Directional Index/ADX (14) | 27.65 | POSITIVE | The high ADX value value for QBTS suggests a strong trend. |
18.78
-1.36 (-6.75%)
D-WAVE QUANTUM INC / QBTS FAQ
What is the ChartMill technical rating of D-WAVE QUANTUM INC (QBTS) stock?
ChartMill assigns a technical rating of 4 / 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.
Can you provide the RSI signal for D-WAVE QUANTUM INC?
D-WAVE QUANTUM INC (QBTS) has an RSI value of 41.5755. This indicates that the stock is currently neutral.
Can you provide the short term momentum for D-WAVE QUANTUM INC?
The short term momentum for D-WAVE QUANTUM INC (QBTS) is 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 18.36 and a resistance level at 20.14. Check the full technical report for our detailed analysis of QBTS support and resistance levels.