D-WAVE QUANTUM INC (QBTS) Stock Technical Analysis
NYSE:QBTS - US26740W1099 - Common Stock
15.62 USD
-0.3 (-1.88%)
15.29 USD
-0.33 (-2.11%)
Taking everything into account, QBTS scores 6 out of 10 in our technical rating. In the last year, QBTS was one of the better performers, but we do observe some doubts in the very recent evolution.
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. On top of that, QBTS also shows a nice and consistent pattern of rising prices.
QBTS is one of the better performing stocks in the Software industry, it outperforms 99% of 280 stocks in the same industry.
QBTS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so QBTS is lagging the market slightly.
QBTS has an average volume of 41889000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
In the last month QBTS has a been trading in the 14.20 - 19.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
QBTS has an average technical rating and also 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
8.70
18.99
3 important support areas can be observed.
- A support zone ranging from 15.45 to 15.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.80 to 14.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @8.79 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @15.93 from a horizontal line in the daily time frame.
- Resistance @17.33 from a trend line in the daily time frame.
- Resistance @18.80 from a horizontal line in the weekly 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 | 99.8 | POSITIVE | QBTS has a high relative strength, it outperformed 99.8% 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 | POSITIVE | The current price of QBTS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.09 | NEUTRAL | The RSI value for QBTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests QBTS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.44 | NEUTRAL | The Stochastics value for QBTS is a neutral value. |
| Average True Range in percent/ATR (20) | 7.32 | HIGH VOLATILITY | The high ATR as a percentage value for QBTS suggests high volalility. |
| Average Directional Index/ADX (14) | 12.36 | NEGATIVE | The low ADX value for QBTS suggests a weak or negative trend. |
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)
15.62
-0.3 (-1.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.88%
1 Week0.51%
2 Weeks-8.17%
1 Month-4.64%
3 Month-4.35%
6 Month185.04%
12 Month1446.53%
2 Year1246.55%
3 Year133.83%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.05
ATR(20)%7.32%
ATR Inc-28.98%
Range Today0.53
ADR(20)1.09
ADR(20)%7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.8
Mansfield7.1
10 Day High17.07
10 Day Low14.2
20 Day High19.17
20 Day Low14.2
52 Week High20.56
52 Week Low0.8
CS1 End15.53
CR1 Start15.93
Volume & EV
DER(3)-0.75%
DER(5)0.38%
Volume20.01M
Volume Incr-37.53%
Vol(5)24.89M
Vol(50)41.89M