RIGETTI COMPUTING INC (RGTI) Technical Analysis
NASDAQ:RGTI • US76655K1034
Current stock price
RGTI Technical Rating and Analysis
Taking everything into account, RGTI scores 1 out of 10 in our technical rating. RGTI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- RGTI is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, of which 67% are performing better than RGTI.
- RGTI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RGTI is lagging the market.
- In the last month RGTI has a been trading in the 12.53 - 17.93 range, which is quite wide. It is currently trading near the lows of this range.
- RGTI has an average volume of 28337700 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 RGTI is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
RGTI Weekly and Daily overview Charts
RGTI Setup Rating and Analysis
The technical rating of RGTI 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
RGTI Support and Resistance Analysis
12.76
We found 2 important support areas.
- Support @13.31 from a horizontal line in the weekly time frame.
- A support zone ranging from 12.89 to 12.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.20 to 14.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
RGTI Technical Indicator Signal Analysis
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 RGTI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RGTI is down. |
| ChartMill Relative Strength | 79.29 | POSITIVE | RGTI has a high relative strength, it outperformed 79.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RGTI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RGTI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RGTI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.17 | NEUTRAL | The RSI value for RGTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests RGTI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.89 | NEUTRAL | The Stochastics value for RGTI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.79 | HIGH VOLATILITY | The high ATR as a percentage value for RGTI suggests high volalility. |
| Average Directional Index/ADX (14) | 30.02 | POSITIVE | The high ADX value value for RGTI suggests a strong trend. |
RGTI Chart- and CandleStick Pattern Analysis
RGTI Technicals: Chart, Performance Metrics, Trend & Indicators
14.19
+0.69 (+5.11%)
RIGETTI COMPUTING INC / RGTI TA FAQ
What is the technical rating for RGTI stock?
ChartMill assigns a technical rating of 1 / 10 to RGTI.
What is the current trend direction of RIGETTI COMPUTING INC (RGTI) stock?
The current trend direction for RIGETTI COMPUTING INC (RGTI) is Bearish.
What is the RSI signal for RIGETTI COMPUTING INC (RGTI) stock?
RIGETTI COMPUTING INC (RGTI) has an RSI value of 41.172. This indicates that the stock is currently neutral.
What is the short term momentum for RIGETTI COMPUTING INC (RGTI) stock?
The short term momentum for RIGETTI COMPUTING INC (RGTI) is negative.
Can you provide the support and resistance levels for RIGETTI COMPUTING INC?
RIGETTI COMPUTING INC (RGTI) has a support level at 13.31 and a resistance level at 14.2. Check the full technical report for our detailed analysis of RGTI support and resistance levels.