D-WAVE QUANTUM INC (QBTS) Stock Technical Analysis
NYSE:QBTS - New York Stock Exchange, Inc. - US26740W1099 - Common Stock - Currency: USD
Taking everything into account, QBTS scores 6 out of 10 in our technical rating. In the last year, QBTS was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month QBTS has a been trading in the 5.77 - 9.35 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
QBTS is one of the better performing stocks in the Software industry, it outperforms 98% of 283 stocks in the same industry.
QBTS has an average volume of 65179800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Looking at the yearly performance, QBTS did better than 99% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
QBTS is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, QBTS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 7.26. Right above this resistance zone may be a good entry point.
More info and screens
5.17
7.41
4 important support areas can be observed.
- Support @6.21 from a horizontal line in the daily time frame.
- Support @6.05 from a trend line in the weekly time frame.
- Support @5.84 from a trend line in the daily time frame.
- Support @5.22 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.26 to 7.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.33
Mansfield10.78
10 Day High7.77
10 Day Low5.77
20 Day High9.35
20 Day Low5.77
52 Week High11.95
52 Week Low0.75
Performance
1 Week-10.83%
2 Weeks-10.34%
1 Month-26.12%
3 Month21.82%
6 Month448.72%
12 Month303.77%
2 Year1191.23%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.14
RSI(14)42.88
LBB6.07
UBB7.8
6.42
-0.02 (-0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.31%
1 Week-10.83%
2 Weeks-10.34%
1 Month-26.12%
3 Month21.82%
6 Month448.72%
12 Month303.77%
2 Year1191.23%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.76
ATR(20)%12.3%
ATR Inc-36.22%
Range Today0.34
ADR(20)0.76
ADR(20)%11.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.33
Mansfield10.78
10 Day High7.77
10 Day Low5.77
20 Day High9.35
20 Day Low5.77
52 Week High11.95
52 Week Low0.75
CS1 End6.21
CR1 Start7.26
Volume & EV
DER(3)-2.21%
DER(5)-3.54%
Volume14.21M
Volume Incr-72.59%
Vol(5)22.77M
Vol(50)65.18M