RIGETTI COMPUTING INC (RGTI) Stock Technical Analysis
NASDAQ:RGTI - Nasdaq - US76655K1034 - Common Stock - Currency: USD
Taking everything into account, RGTI scores 9 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, RGTI is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
RGTI is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 99% of 110 stocks in the same industry.
RGTI has an average volume of 54488500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, RGTI did better than 99% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
RGTI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RGTI is lagging the market.
In the last month RGTI has a been trading in the 10.30 - 14.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although RGTI has an excellent technical rating, the quality of the presented setup is not ideal 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
9.14
14.34
We found 4 important support areas.
- A support zone ranging from 12.13 to 12.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.61 to 11.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.87 to 11.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.23 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @13.45 from a trend line in the daily time frame.
- A resistance zone ranging from 13.98 to 14.20. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for RGTI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RGTI is up. |
| ChartMill Relative Strength | 99.68 | POSITIVE | RGTI has a high relative strength, it outperformed 99.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RGTI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RGTI is above the rising 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) | 53.92 | NEUTRAL | The RSI value for RGTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests RGTI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.6 | NEUTRAL | The Stochastics value for RGTI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.68 | HIGH VOLATILITY | The high ATR as a percentage value for RGTI suggests high volalility. |
| Average Directional Index/ADX (14) | 18.34 | NEGATIVE | The low ADX value for RGTI 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)
12.72
-0.05 (-0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.39%
1 Week-4.93%
2 Weeks7.25%
1 Month11.58%
3 Month52.88%
6 Month29.4%
12 Month1123.08%
2 Year410.84%
3 Year187.13%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.89
ATR(20)%6.68%
ATR Inc-30.3%
Range Today0.54
ADR(20)0.81
ADR(20)%6.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.68
Mansfield6.32
10 Day High14.24
10 Day Low11.23
20 Day High14.24
20 Day Low10.3
52 Week High21.42
52 Week Low0.66
CS1 End12.17
CR1 Start13.45
Volume & EV
DER(3)0.3%
DER(5)-2.53%
Volume22.62M
Volume Incr-45.19%
Vol(5)27.37M
Vol(50)54.49M