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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, QBTS did better than 99% of all other stocks. On top of that, QBTS also shows a nice and consistent pattern of rising prices.
QBTS is part of the Software industry. There are 283 other stocks in this industry. QBTS outperforms 99% of them.
QBTS is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so QBTS is leading the market.
In the last month QBTS has a been trading in the 6.52 - 17.59 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
QBTS has an average volume of 72397100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.