RGTI Technical Analysis - RIGETTI COMPUTING INC

Technical Rating and Analysis

Taking everything into account, RGTI scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, RGTI has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that RGTI is one of the better performing stocks in the market, outperforming 99% of all stocks.

RGTI is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry. RGTI outperforms 99% of them.

RGTI is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month RGTI has a been trading in the 18.66 - 49.13 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

RGTI has an average volume of 70056900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

RIGETTI COMPUTING INC / RGTI Weekly stock chart

RIGETTI COMPUTING INC / RGTI Daily stock chart

Setup Rating and Analysis

Although RGTI has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

43.48

44.36

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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	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	99.94	POSITIVE	RGTI has a high relative strength, it outperformed 99.94% 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)	77.13	OVERBOUGHT	The high RSI value suggests RGTI may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.18	POSITIVE	The MACD value suggests RGTI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	82.87	OVERBOUGHT	The high Stochastics value suggests RGTI may be overbought.
Average True Range in percent/ATR (20)	9.18	HIGH VOLATILITY	The high ATR as a percentage value for RGTI suggests high volalility.
Average Directional Index/ADX (14)	60.01	POSITIVE	The high ADX value value for RGTI suggests a strong trend.