Big movements in D-Wave Quantum Inc. stock price on Thursday moving 17.88% between high and low

The D-Wave Quantum Inc. stock price gained 18.73% on the last trading day (Thursday, 13th Mar 2025), rising from $5.82 to $6.91. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 17.88% from a day low at $6.04 to a day high of $7.12. The price has been going up and down for this period, and there has been a 24.28% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 58 million more shares were traded than the day before. In total, 129 million shares were bought and sold for approximately $890.13 million.

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

The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $6.65, a level that may pose a second chance to hit a runner. According to fan-theory $11.50 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

The D-Wave Quantum Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $5.54 and $5.88. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Thursday, February 20, 2025, and so far it has fallen -6.50%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

On the downside, the stock finds support just below today's level from accumulated volume at $6.37 and $6.10.There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, D-Wave Quantum Inc. finds support just below today's level at $6.37. If this is broken, then the next support from accumulated volume will be at $6.10 and $5.79.

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 $1.08 between high and low, or 17.88%. For the last week, the stock has had daily average volatility of 15.99%.

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.