RIGETTI COMPUTING -CW27 (RGTIW) Technical Analysis
NASDAQ:RGTIW
Overall RGTIW gets a technical rating of 4 out of 10. Although RGTIW is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- RGTIW is currently trading in the lower part 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.
- Looking at the yearly performance, RGTIW did better than 93% of all other stocks.
- In the last month RGTIW has a been trading in the 5.08 - 9.06 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, RGTIW does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for RGTIW in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.16
We found 3 important support areas.
- Support @6.52 from a trend line in the weekly time frame.
- Support @5.52 from a trend line in the daily time frame.
- Support @5.21 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @7.86 from a trend line in the daily time frame.
- Resistance @8.04 from a horizontal line in the weekly time frame.
- Resistance @8.18 from a trend line in the daily time frame.
- Resistance @8.77 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for RGTIW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RGTIW is down. |
| ChartMill Relative Strength | 93.08 | POSITIVE | RGTIW has a high relative strength, it outperformed 93.08% 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) | DOWN | NEGATIVE | The current price of RGTIW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RGTIW is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.55 | NEUTRAL | The RSI value for RGTIW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.46 | POSITIVE | The MACD value suggests RGTIW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.62 | NEUTRAL | The Stochastics value for RGTIW is a neutral value. |
| Average True Range in percent/ATR (20) | 15.02 | HIGH VOLATILITY | The high ATR as a percentage value for RGTIW suggests high volalility. |
| Average Directional Index/ADX (14) | 25.11 | POSITIVE | The high ADX value value for RGTIW suggests a strong trend. |
RGTIW Technicals: Chart, Performance Metrics, Trend & Indicators
7.83
-0.33 (-4.05%)
RIGETTI COMPUTING -CW27 / RGTIW FAQ
What is the ChartMill technical rating of RIGETTI COMPUTING -CW27 (RGTIW) stock?
ChartMill assigns a technical rating of 4 / 10 to RGTIW.
What is the current trend direction of RIGETTI COMPUTING -CW27 (RGTIW) stock?
The current trend direction for RIGETTI COMPUTING -CW27 (RGTIW) is Bearish.
What is the RSI signal for RIGETTI COMPUTING -CW27 (RGTIW) stock?
RIGETTI COMPUTING -CW27 (RGTIW) has an RSI value of 47.5506. This indicates that the stock is currently neutral.
What is the short term momentum for RIGETTI COMPUTING -CW27 (RGTIW) stock?
The short term momentum for RIGETTI COMPUTING -CW27 (RGTIW) is negative.
What is the buy/sell signal for RIGETTI COMPUTING -CW27 (RGTIW) stock?
The buy/sell signal for RIGETTI COMPUTING -CW27 (RGTIW) is sell as both the short term and long term trends are negative.