Taking everything into account, RGTI scores 3 out of 10 in our technical rating. Although RGTI is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
RGTI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 22.38, a Stop Loss order could be placed below this zone.
More info and screens
16.34
When analyzing the support we can see 2 important areas.
- A support zone ranging from 22.15 to 22.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.50 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 24.73 to 24.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.38 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for RGTI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RGTI is neutral. |
| ChartMill Relative Strength | 94.63 | POSITIVE | RGTI has a high relative strength, it outperformed 94.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RGTI is above 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 | POSITIVE | The current price of RGTI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.94 | NEUTRAL | The RSI value for RGTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests RGTI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.49 | NEUTRAL | The Stochastics value for RGTI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.66 | HIGH VOLATILITY | The high ATR as a percentage value for RGTI suggests high volalility. |
| Average Directional Index/ADX (14) | 14.83 | NEGATIVE | The low ADX value for RGTI suggests a weak or negative trend. |
24.72
-0.53 (-2.1%)
RIGETTI COMPUTING INC / RGTI FAQ
What is the technical rating for RGTI stock?
ChartMill assigns a technical rating of 3 / 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.
Can you provide the RSI signal for RIGETTI COMPUTING INC?
RIGETTI COMPUTING INC (RGTI) has an RSI value of 47.9406. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RIGETTI COMPUTING INC?
The MACD indicator for RIGETTI COMPUTING INC (RGTI) has a value of 0.432411, indicating a bearish trend.