RIGETTI COMPUTING INC (RGTI) Stock Technical Analysis
NASDAQ:RGTI - US76655K1034 - Common Stock
16.58 USD
+1.19 (+7.73%)
16.54 USD
-0.04 (-0.24%)
Overall RGTI gets a technical rating of 10 out of 10. 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.
The long and short term trends are both positive. This is looking good!
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. We also observe that the gains produced by RGTI over the past year are nicely spread over this period.
RGTI is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry. RGTI outperforms 100% of them.
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.
RGTI has an average volume of 41480900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month RGTI has a been trading in the 13.61 - 18.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, RGTI also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 14.82, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RGTI in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
12.10
18.16
3 important support areas can be observed.
- A support zone ranging from 14.27 to 14.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.85 from a trend line in the daily time frame.
- Support @12.22 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @16.76 from a trend line in the weekly time frame.
- A resistance zone ranging from 17.85 to 17.98. This zone is formed by a combination of multiple trend lines 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 | 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 | 99.85 | POSITIVE | RGTI has a high relative strength, it outperformed 99.85% 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) | 57.6 | NEUTRAL | The RSI value for RGTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests RGTI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.68 | NEUTRAL | The Stochastics value for RGTI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.59 | HIGH VOLATILITY | The high ATR as a percentage value for RGTI suggests high volalility. |
| Average Directional Index/ADX (14) | 19.78 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 16.77 | 14.26 | 2.51 (14.97%) | 6.68% |
| An entry @16.77. This is a Buy Stop order right above the resistance zone. | An exit @14.26. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.51 points, which is 14.97%. | When investing 6.68% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
16.58
+1.19 (+7.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg7.73%
1 Week16.19%
2 Weeks-7.79%
1 Month14.34%
3 Month36.91%
6 Month95.98%
12 Month1709.25%
2 Year821.11%
3 Year316.58%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.34
ATR(20)%7.59%
ATR Inc15.34%
Range Today1.59
ADR(20)1.21
ADR(20)%7.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.85
Mansfield6.73
10 Day High17.83
10 Day Low13.82
20 Day High18.16
20 Day Low13.61
52 Week High21.42
52 Week Low0.66
CS1 End14.82
CR1 Start16.76
Volume & EV
DER(3)3.62%
DER(5)1.98%
Volume75.40M
Volume Incr13.73%
Vol(5)42.30M
Vol(50)41.48M