Big movements in D-Wave Quantum Inc. stock price on Monday moving 11.54% between high and low

The D-Wave Quantum Inc. stock price fell by -3.34% on the last day (Monday, 12th May 2025) from $11.09 to $10.72. During the last trading day the stock fluctuated 11.54% from a day low at $10.62 to a day high of $11.84. The price has fallen in 6 of the last 10 days but is still up by 45.45% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -86 million shares and in total, 74 million shares were bought and sold for approximately $794.97 million.

On Jan 14, 2025, it was reported that B. Riley gave QBTS a "Buy" grade with a "hold" action.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 17.33% during the next 3 months and, with a 90% probability hold a price between $7.00 and $14.51 at the end of this 3-month period.

The D-Wave Quantum Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $8.79 and $7.51. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 17, 2025, and so far it has fallen -4.11%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

D-Wave Quantum Inc. finds support from accumulated volume at $10.42 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.23 between high and low, or 11.54%. For the last week, the stock has had daily average volatility of 16.43%.

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for D-Wave Quantum Inc. stock to perform well in the short-term.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.