RIGETTI COMPUTING -CW27 (RGTIW) Stock Technical Analysis
NASDAQ:RGTIW - Nasdaq - - Currency: USD
We assign a technical rating of 7 out of 10 to RGTIW. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, RGTIW did better than 99% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
RGTIW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RGTIW is lagging the market.
In the last month RGTIW has a been trading in the 3.60 - 5.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although RGTIW 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
3.66
5.21
When analyzing the support we can see 5 important areas.
- A support zone ranging from 4.34 to 4.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 4.13 to 4.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.84 to 3.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.76 from a trend line in the weekly time frame.
- Support @3.70 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @4.81 from a trend line in the daily time frame.
- A resistance zone ranging from 5.00 to 5.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.16 from a trend line 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 RGTIW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RGTIW is neutral. |
| ChartMill Relative Strength | 99.93 | POSITIVE | RGTIW has a high relative strength, it outperformed 99.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RGTIW is above a declining 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) | 52.34 | NEUTRAL | The RSI value for RGTIW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RGTIW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.56 | NEUTRAL | The Stochastics value for RGTIW is a neutral value. |
| Average True Range in percent/ATR (20) | 8.29 | HIGH VOLATILITY | The high ATR as a percentage value for RGTIW suggests high volalility. |
| Average Directional Index/ADX (14) | 22.58 | NEUTRAL | The ADX value for RGTIW 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)
4.435
-0.06 (-1.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.22%
1 Week-9.75%
2 Weeks13.8%
1 Month-1.64%
3 Month70.91%
6 Month8.31%
12 Month2997.86%
2 Year945.35%
3 Year625%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%8.29%
ATR Inc-26.81%
Range Today0.2
ADR(20)0.35
ADR(20)%7.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.93
Mansfield6.04
10 Day High5.2
10 Day Low3.95
20 Day High5.2
20 Day Low3.6
52 Week High9.79
52 Week Low0.06
CS1 End4.36
CR1 Start4.81
Volume & EV
DER(3)-1.61%
DER(5)-2.4%
Volume60.82K
Volume Incr-61.72%
Vol(5)139.28K
Vol(50)384.64K