D-WAVE QUANTUM INC (QBTS)
US26740W1099 - Common Stock
We assign a technical rating of 4 out of 10 to QBTS. QBTS was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
QBTS is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Looking at the yearly performance, QBTS did better than 98% of all other stocks.
QBTS is part of the Software industry. There are 277 other stocks in this industry. QBTS outperforms 96% of them.
QBTS has an average volume of 4470360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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.
Although the technical rating is only medium, QBTS does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 1.41, a Stop Loss order could be placed below this zone.
More info and screens
0.78
2.29
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.36 to 1.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.81 from a trend line in the weekly time frame.
- Support @0.79 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.45 to 1.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.00 from a trend line in the weekly time frame.
- Resistance @2.27 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.45
Mansfield-0.57
10 Day High1.68
10 Day Low1.28
20 Day High1.93
20 Day Low1.28
52 Week High3.2
52 Week Low0.42
Performance
1 Week-2.08%
2 Weeks-6.62%
1 Month-23.78%
3 Month29.36%
6 Month95.81%
12 Month241.82%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)38.28
LBB1.31
UBB1.68
D-WAVE QUANTUM INC
NYSE:QBTS (5/6/2024, 4:21:53 PM)
After market: 1.4202 +0.01 (+0.72%)1.41
+0.01 (+0.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.71%
1 Week-2.08%
2 Weeks-6.62%
1 Month-23.78%
3 Month29.36%
6 Month95.81%
12 Month241.82%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.15
ATR(20)%10.57%
ATR Inc
Range Today0.16
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High1.68
10 Day Low1.28
20 Day High1.93
20 Day Low1.28
52 Week High3.2
52 Week Low0.42
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume4.45M
Volume Incr-5.49%
Vol(5)3.08M
Vol(50)4.47M