USA - NASDAQ:RGTI - US76655K1034 - Common Stock
Taking everything into account, RGTI scores 8 out of 10 in our technical rating. In the last year, RGTI was one of the better performers, but we do observe some doubts in the very recent evolution.
RGTI has an excellent technical rating, but the quality of the setup is only medium 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.
12.18
We found 3 important support areas.
When analyzing the resistance we notice one important area.
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 | DOWN | NEGATIVE | The short term trend for RGTI is down. |
| ChartMill Relative Strength | 99.88 | POSITIVE | RGTI has a high relative strength, it outperformed 99.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RGTI is below a declining 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) | 44.47 | NEUTRAL | The RSI value for RGTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.55 | NEGATIVE | The MACD value suggests RGTI has a negative trend. |
| Stochastics (14,3) | 9.63 | OVERSOLD | The low Stochastics value suggests RGTI may be oversold. |
| Average True Range in percent/ATR (20) | 15.98 | HIGH VOLATILITY | The high ATR as a percentage value for RGTI suggests high volalility. |
| Average Directional Index/ADX (14) | 30.28 | POSITIVE | The high ADX value value for RGTI suggests a strong trend. |
34.36
-2.93 (-7.86%)
ChartMill assigns a technical rating of 8 / 10 to RGTI.
The current trend direction for RIGETTI COMPUTING INC (RGTI) is Bullish.
RIGETTI COMPUTING INC (RGTI) has an RSI value of 44.4693. This indicates that the stock is currently neutral.
The MACD indicator for RIGETTI COMPUTING INC (RGTI) has a value of -1.55112, indicating a bearish trend.
The short term momentum for RIGETTI COMPUTING INC (RGTI) is negative.