Big movements in Quantum Computing Inc. stock price on Wednesday moving 36.31% between high and low
StockInvest.us, 3 weeks ago
The Quantum Computing Inc. stock price gained 55.45% on the last trading day (Wednesday, 15th Jan 2025), rising from $7.43 to $11.55. During the last trading day the stock fluctuated 36.31% from a day low at $8.51 to a day high of $11.60. The price has fallen in 6 of the last 10 days and is down by -37.7% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 66 million more shares were traded than the day before. In total, 107 million shares were bought and sold for approximately $1.24 billion.
On Apr 15, 2024, it was reported that Ascendiant gave QUBT a "Buy" grade with a "hold" action.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $7.12 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.Given the current short-term trend, the stock is expected to rise 145.95% during the next 3 months and, with a 90% probability hold a price between $17.51 and $75.67 at the end of this 3-month period.
There are mixed signals in the stock today. The Quantum Computing Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $11.82. On a fall, the stock will find some support from the short-term average at $11.42. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, December 18, 2024, and so far it has fallen -55.02%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Quantum Computing Inc. finds support from accumulated volume at $11.08 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 $3.09 between high and low, or 36.31%. For the last week, the stock has had daily average volatility of 32.17%.
Quantum Computing Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Check full Quantum Computing Inc. forecast and analysis here.