D-WAVE QUANTUM INC (QBTS) Stock Technical Analysis
NYSE:QBTS - New York Stock Exchange, Inc. - US26740W1099 - Common Stock - Currency: USD
Taking everything into account, QBTS scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, QBTS is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
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. We also observe that the gains produced by QBTS over the past year are nicely spread over this period.
QBTS is part of the Software industry. There are 283 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 49115100 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 15.72 - 20.56 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. There is a resistance zone just above the current price starting at 18.80. Right above this resistance zone may be a good entry point.
More info and screens
10.46
19.08
When analyzing the support we can see 3 important areas.
- Support @17.07 from a trend line in the daily time frame.
- A support zone ranging from 16.38 to 16.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.57 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 18.80 to 18.89. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for QBTS is neutral. |
| ChartMill Relative Strength | 99.87 | POSITIVE | QBTS has a high relative strength, it outperformed 99.87% 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) | 56.56 | NEUTRAL | The RSI value for QBTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests QBTS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.02 | NEUTRAL | The Stochastics value for QBTS is a neutral value. |
| Average True Range in percent/ATR (20) | 8.48 | HIGH VOLATILITY | The high ATR as a percentage value for QBTS suggests high volalility. |
| Average Directional Index/ADX (14) | 16.85 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 18.90 | 17.06 | 1.84 (9.74%) | 10.27% |
| An entry @18.90. This is a Buy Stop order right above the resistance zone. | An exit @17.06. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.84 points, which is 9.74%. | For a 1.00% total portfolio risk, you can invest 10.27% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of QBTS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
18.51
+1.14 (+6.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg6.56%
1 Week1.15%
2 Weeks4.75%
1 Month14.61%
3 Month51.1%
6 Month190.58%
12 Month1890.54%
2 Year1495.69%
3 Year177.1%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.39
ATR(20)%8.48%
ATR Inc1.63%
Range Today1.65
ADR(20)1.5
ADR(20)%8.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.87
Mansfield11.58
10 Day High19.17
10 Day Low16.11
20 Day High20.56
20 Day Low15.72
52 Week High20.56
52 Week Low0.8
CS1 End17.07
CR1 Start18.8
Volume & EV
DER(3)2.62%
DER(5)1.1%
Volume47.38M
Volume Incr5.12%
Vol(5)47.78M
Vol(50)49.12M