RIGETTI COMPUTING INC (RGTI) Stock Technical Analysis
NASDAQ:RGTI - Nasdaq - US76655K1034 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to RGTI. RGTI has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
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 part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry. RGTI outperforms 99% of them.
In the last month RGTI has a been trading in the 8.35 - 14.44 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 48739700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RGTI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RGTI is lagging the market slightly.
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, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
7.62
14.01
4 important support areas can be observed.
- A support zone ranging from 9.57 to 9.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @9.07 from a trend line in the weekly time frame.
- Support @8.34 from a trend line in the daily time frame.
- Support @7.70 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 13.87 to 13.87. 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 | 99.79 | POSITIVE | RGTI has a high relative strength, it outperformed 99.79% 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) | 66.93 | NEUTRAL | The RSI value for RGTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests RGTI has a positive trend. |
| Stochastics (14,3) | 73.27 | NEUTRAL | The Stochastics value for RGTI is a neutral value. |
| Average True Range in percent/ATR (20) | 8.59 | HIGH VOLATILITY | The high ATR as a percentage value for RGTI suggests high volalility. |
| Average Directional Index/ADX (14) | 27 | POSITIVE | The high ADX value value for RGTI suggests a strong 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)
13.86
+2.9 (+26.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg26.46%
1 Week20.1%
2 Weeks34.43%
1 Month49.03%
3 Month28.93%
6 Month696.55%
12 Month1195.33%
2 Year1376.35%
3 Year54.34%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.33
ATR(20)%8.59%
ATR Inc109.66%
Range Today3.5
ADR(20)1.09
ADR(20)%7.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.79
Mansfield14.25
10 Day High14.44
10 Day Low9.85
20 Day High14.44
20 Day Low8.35
52 Week High21.42
52 Week Low0.66
CS1 End9.7
CR1 Start13.87
Volume & EV
DER(3)0.81%
DER(5)1.62%
Volume165.20M
Volume Incr118.29%
Vol(5)90.55M
Vol(50)48.74M