RIGETTI COMPUTING INC (RGTI) Stock Technical Analysis
NASDAQ:RGTI - Nasdaq - US76655K1034 - Common Stock - Currency: USD
Overall RGTI gets a technical rating of 10 out of 10. 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.
Looking at the yearly performance, RGTI did better than 99% of all other stocks.
RGTI is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 100% of 110 stocks in the same industry.
RGTI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RGTI is lagging the market slightly.
In the last month RGTI has a been trading in the 12.08 - 17.39 range, which is quite wide. It is currently trading near the high of this range.
RGTI has an average volume of 48515100 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.
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
10.85
17.33
We found 4 important support areas.
- A support zone ranging from 14.00 to 14.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.74 from a trend line in the daily time frame.
- Support @11.55 from a trend line in the weekly time frame.
- Support @10.96 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.91 to 17.16. 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 | 99.89 | POSITIVE | RGTI has a high relative strength, it outperformed 99.89% 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) | 61.84 | NEUTRAL | The RSI value for RGTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests RGTI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.31 | NEUTRAL | The Stochastics value for RGTI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.67 | HIGH VOLATILITY | The high ATR as a percentage value for RGTI suggests high volalility. |
| Average Directional Index/ADX (14) | 22 | NEUTRAL | The ADX value for RGTI suggests a possible start of a new 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)
16.47
+0.71 (+4.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg4.51%
1 Week13.82%
2 Weeks6.74%
1 Month23.09%
3 Month55.67%
6 Month28.17%
12 Month1984.28%
2 Year815%
3 Year313.82%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.23
ATR(20)%7.67%
ATR Inc12.61%
Range Today1.27
ADR(20)1.18
ADR(20)%7.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.89
Mansfield8.77
10 Day High16.86
10 Day Low13.61
20 Day High17.39
20 Day Low12.08
52 Week High21.42
52 Week Low0.66
CS1 End14.12
CR1 Start16.91
Volume & EV
DER(3)3.7%
DER(5)2.16%
Volume45.29M
Volume Incr-12.53%
Vol(5)40.49M
Vol(50)48.52M