Overall QUBT gets a technical rating of 0 out of 10. QUBT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 81% of all other stocks performed better in the past year than QUBT.
- QUBT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month QUBT has a been trading in the 7.70 - 13.31 range, which is quite wide. It is currently trading near the lows of this range.
- QUBT has an average volume of 17330900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- QUBT is part of the Technology Hardware, Storage & Peripherals industry. There are 35 other stocks in this industry, QUBT did better than 52% of them.
The technical rating of QUBT is bad and it also does not present a 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
9.17
When analyzing the support we notice one important area.
- Support @9.26 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.32 to 10.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 11.62 to 11.72. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for QUBT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QUBT is down. |
| ChartMill Relative Strength | 19.57 | NEGATIVE | QUBT has a low relative strength, it was outperformed by 80.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QUBT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QUBT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of QUBT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.43 | NEUTRAL | The RSI value for QUBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests QUBT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.28 | OVERSOLD | The low Stochastics value suggests QUBT may be oversold. |
| Average True Range in percent/ATR (20) | 10.7 | HIGH VOLATILITY | The high ATR as a percentage value for QUBT suggests high volalility. |
| Average Directional Index/ADX (14) | 22.94 | NEUTRAL | The ADX value for QUBT suggests a possible start of a new trend. |
9.43
+1.62 (+20.74%)
QUANTUM COMPUTING INC / QUBT FAQ
Can you provide the ChartMill technical rating for QUANTUM COMPUTING INC?
ChartMill assigns a technical rating of 0 / 10 to QUBT.
What is the trend direction for QUBT stock?
The current trend direction for QUANTUM COMPUTING INC (QUBT) is Bearish.
What is the RSI signal for QUANTUM COMPUTING INC (QUBT) stock?
QUANTUM COMPUTING INC (QUBT) has an RSI value of 42.4269. This indicates that the stock is currently neutral.
What is the short term momentum for QUBT stock?
The short term momentum for QUANTUM COMPUTING INC (QUBT) is negative.
What is the support and resistance level for QUBT stock?
QUANTUM COMPUTING INC (QUBT) has a support level at 9.26 and a resistance level at 10.32. Check the full technical report for our detailed analysis of QUBT support and resistance levels.