D-WAVE QUANTUM INC (QBTS) Stock Technical Analysis
NYSE:QBTS - New York Stock Exchange, Inc. - US26740W1099 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to QBTS. Both in the recent history as in the last year, QBTS has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
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.
QBTS is part of the Software industry. There are 284 other stocks in this industry. QBTS outperforms 99% of them.
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 70140400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month QBTS has a been trading in the 10.60 - 19.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
QBTS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 16.52, a Stop Loss order could be placed below this zone.
More info and screens
16.04
18.99
When analyzing the support we notice one important area.
- A support zone ranging from 16.20 to 16.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.62 to 18.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for QBTS is up. |
| ChartMill Relative Strength | 99.82 | POSITIVE | QBTS has a high relative strength, it outperformed 99.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QBTS is above the rising 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) | 57.72 | NEUTRAL | The RSI value for QBTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests QBTS has a negative trend. |
| Stochastics (14,3) | 45.1 | NEUTRAL | The Stochastics value for QBTS is a neutral value. |
| Average True Range in percent/ATR (20) | 12.01 | HIGH VOLATILITY | The high ATR as a percentage value for QBTS suggests high volalility. |
| Average Directional Index/ADX (14) | 45.29 | POSITIVE | The high ADX value value for QBTS suggests a strong 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)
16.53
-0.4 (-2.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.36%
1 Week-7.24%
2 Weeks-5.81%
1 Month54.05%
3 Month62.86%
6 Month230.6%
12 Month1350%
2 Year690.91%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.89
ATR(20)%12.01%
ATR Inc-15.2%
Range Today1.54
ADR(20)1.89
ADR(20)%11.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.82
Mansfield20.27
10 Day High18.95
10 Day Low15.15
20 Day High19.77
20 Day Low10.6
52 Week High19.77
52 Week Low0.75
CS1 End16.52
CR1 Start18.62
Volume & EV
DER(3)-4.33%
DER(5)-0.95%
Volume86.55M
Volume Incr-40.27%
Vol(5)71.30M
Vol(50)70.14M