D-WAVE QUANTUM INC (QBTS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:QBTS - US26740W1099 - Common Stock
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.
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
16.96
When analyzing the support we can see 3 important areas.
- Support @21.00 from a trend line in the daily time frame.
- A support zone ranging from 20.41 to 20.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.13 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @23.55 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 | NEUTRAL | NEUTRAL | The long term trend for QBTS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QBTS is down. |
| ChartMill Relative Strength | 98.96 | POSITIVE | QBTS has a high relative strength, it outperformed 98.96% 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) | 41.38 | NEUTRAL | The RSI value for QBTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests QBTS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.84 | NEUTRAL | The Stochastics value for QBTS is a neutral value. |
| Average True Range in percent/ATR (20) | 10.82 | HIGH VOLATILITY | The high ATR as a percentage value for QBTS suggests high volalility. |
| Average Directional Index/ADX (14) | 24.49 | NEUTRAL | The ADX value for QBTS suggests a possible start of a new trend. |
22.5
+1.08 (+5.04%)
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 3 / 10 to QBTS.
What is the trend direction for QBTS stock?
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 41.3755. 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 -0.0874447, indicating a bearish trend.
What is the support and resistance level for QBTS stock?
D-WAVE QUANTUM INC (QBTS) has a support level at 20.9 and a resistance level at 24.19. Check the full technical report for our detailed analysis of QBTS support and resistance levels.