D-WAVE QUANTUM INC (QBTS) Stock Technical Analysis
USA - NYSE:QBTS - US26740W1099 - Common Stock
We assign a technical rating of 8 out of 10 to QBTS. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
QBTS has an excellent technical rating, but the quality of the setup is only medium 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
15.79
5 important support areas can be observed.
- Support @27.29 from a horizontal line in the daily time frame.
- Support @20.78 from a trend line in the daily time frame.
- Support @18.90 from a trend line in the weekly time frame.
- Support @16.59 from a trend line in the weekly time frame.
- Support @15.95 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @33.84 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 | UP | POSITIVE | The long term trend for QBTS is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QBTS is down. |
| 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) | DOWN | NEGATIVE | The current price of QBTS is below a declining 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) | 46.29 | NEUTRAL | The RSI value for QBTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.11 | NEGATIVE | The MACD value suggests QBTS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.98 | NEUTRAL | The Stochastics value for QBTS is a neutral value. |
| Average True Range in percent/ATR (20) | 15.94 | HIGH VOLATILITY | The high ATR as a percentage value for QBTS suggests high volalility. |
| Average Directional Index/ADX (14) | 25.23 | POSITIVE | The high ADX value value for QBTS suggests a strong trend. |
29.5
+1.11 (+3.91%)
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 8 / 10 to QBTS.
What is the trend direction for QBTS stock?
The current trend direction for D-WAVE QUANTUM INC (QBTS) is Bullish.
Can you provide the RSI signal for D-WAVE QUANTUM INC?
D-WAVE QUANTUM INC (QBTS) has an RSI value of 46.2869. This indicates that the stock is currently neutral.
What is the MACD signal for QBTS stock?
The MACD indicator for D-WAVE QUANTUM INC (QBTS) has a value of -1.11442, indicating a bearish trend.
What is the support and resistance level for QBTS stock?
D-WAVE QUANTUM INC (QBTS) has a support level at 27.29 and a resistance level at 33.84. Check the full technical report for our detailed analysis of QBTS support and resistance levels.