RIGETTI COMPUTING INC (RGTI)
US76655K1034 - Common Stock
Overall RGTI gets a technical rating of 10 out of 10. Both in the recent history as in the last year, RGTI has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that RGTI is one of the better performing stocks in the market, outperforming 91% of all stocks.
RGTI is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 91% of 108 stocks in the same industry.
RGTI has an average volume of 8039620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RGTI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RGTI is lagging the market.
In the last month RGTI has a been trading in the 1.06 - 1.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, RGTI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 1.40, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.80
1.72
3 important support areas can be observed.
- A support zone ranging from 1.36 to 1.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.30 to 1.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @0.81 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @1.52 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 1.68 to 1.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.56
Mansfield1.28
10 Day High1.89
10 Day Low1.25
20 Day High1.89
20 Day Low1.06
52 Week High2.36
52 Week Low0.66
Performance
1 Week-4.52%
2 Weeks3.5%
1 Month23.33%
3 Month53.23%
6 Month38.32%
12 Month40.95%
2 Year13.85%
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)-0.02
RSI(14)58.55
LBB1.07
UBB1.72
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.53 | 1.35 | 0.18 (11.76%) | 8.50% |
| An entry @1.53. This is a Buy Stop order right above the resistance zone. | An exit @1.35. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.18 points, which is 11.76%. | When investing 8.50% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of RGTI. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
RIGETTI COMPUTING INC
NASDAQ:RGTI (11/21/2024, 8:00:01 PM)
Premarket: 1.77 +0.29 (+19.59%)1.48
+0.13 (+9.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg9.63%
1 Week-4.52%
2 Weeks3.5%
1 Month23.33%
3 Month53.23%
6 Month38.32%
12 Month40.95%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.22
ATR(20)%14.47%
ATR Inc
Range Today0.18
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High1.89
10 Day Low1.25
20 Day High1.89
20 Day Low1.06
52 Week High2.36
52 Week Low0.66
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume34.34M
Volume Incr50.2%
Vol(5)18.06M
Vol(50)8.04M