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 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
QBTS is part of the Software industry. There are 281 other stocks in this industry. QBTS outperforms 98% of them.
In the last month QBTS has a been trading in the 5.77 - 8.14 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
QBTS has an average volume of 60796400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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. However, this overall performance is mostly based on the strong move around 4 months ago.
QBTS is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
Although QBTS has an excellent technical rating, it does not offer a high quality setup 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
6.13
7.62
We found 4 important support areas.
- A support zone ranging from 6.83 to 6.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.63 from a trend line in the daily time frame.
- A support zone ranging from 6.33 to 6.34. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 6.19 to 6.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 7.08 to 7.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.54 to 7.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.48
Mansfield9.89
10 Day High8.14
10 Day Low5.97
20 Day High8.14
20 Day Low5.77
52 Week High11.95
52 Week Low0.75
Performance
1 Week-3.09%
2 Weeks-0.14%
1 Month-6.87%
3 Month16.33%
6 Month564.42%
12 Month393.57%
2 Year1289.78%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)48.06
LBB6.1
UBB7.76
6.91
-0.09 (-1.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.29%
1 Week-3.09%
2 Weeks-0.14%
1 Month-6.87%
3 Month16.33%
6 Month564.42%
12 Month393.57%
2 Year1289.78%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.58
ATR(20)%10.05%
ATR Inc-22.34%
Range Today0.41
ADR(20)0.64
ADR(20)%9.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.48
Mansfield9.89
10 Day High8.14
10 Day Low5.97
20 Day High8.14
20 Day Low5.77
52 Week High11.95
52 Week Low0.75
CS1 End6.89
CR1 Start7.08
Volume & EV
DER(3)-1.11%
DER(5)-0.24%
Volume20.29M
Volume Incr-13.44%
Vol(5)29.63M
Vol(50)60.80M