RIGETTI COMPUTING -CW27 (RGTIW) Stock Technical Analysis
NASDAQ:RGTIW - Nasdaq - - Currency: USD
Taking everything into account, RGTIW scores 9 out of 10 in our technical rating. RGTIW 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, RGTIW did better than 99% of all other stocks.
In the last month RGTIW has a been trading in the 2.82 - 5.94 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.
RGTIW 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 RGTIW 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 RGTIW 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.
More info and screens
3.12
5.34
2 important support areas can be observed.
- A support zone ranging from 3.94 to 4.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.15 to 3.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.28 to 5.29. 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 RGTIW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RGTIW is up. |
| ChartMill Relative Strength | 99.94 | POSITIVE | RGTIW 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 RGTIW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RGTIW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RGTIW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.03 | NEUTRAL | The RSI value for RGTIW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests RGTIW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.44 | OVERBOUGHT | The high Stochastics value suggests RGTIW may be overbought. |
| Average True Range in percent/ATR (20) | 10.97 | HIGH VOLATILITY | The high ATR as a percentage value for RGTIW suggests high volalility. |
| Average Directional Index/ADX (14) | 34.7 | POSITIVE | The high ADX value value for RGTIW 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)
5.27
-0.01 (-0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.19%
1 Week26.99%
2 Weeks43.6%
1 Month77.44%
3 Month76.85%
6 Month339.17%
12 Month2967.52%
2 Year4288.01%
3 Year191.16%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.66
ATR(20)%10.97%
ATR Inc-8.24%
Range Today0.4
ADR(20)0.52
ADR(20)%9.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.94
Mansfield14.79
10 Day High5.94
10 Day Low3.66
20 Day High5.94
20 Day Low2.82
52 Week High9.79
52 Week Low0.06
CS1 End4.05
CR1 Start5.28
Volume & EV
DER(3)2.82%
DER(5)-0.27%
Volume251.85K
Volume Incr141.19%
Vol(5)729.29K
Vol(50)306.27K