Big movements in Rigetti Computing, Inc. stock price on Friday moving 45.45% between high and low

The Rigetti Computing, Inc. stock price gained 25.44% on the last trading day (Friday, 20th Dec 2024), rising from $7.47 to $9.37. During the last trading day the stock fluctuated 45.45% from a day low at $6.93 to a day high of $10.08. The price has risen in 7 of the last 10 days and is up by 113.93% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 43 million more shares were traded than the day before. In total, 214 million shares were bought and sold for approximately $2.00 billion.

On Dec 20, 2024, it was reported that Craig-Hallum gave RGTI a "Buy" grade with a "initialise" 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 142.58% during the next 3 months and, with a 90% probability hold a price between $8.72 and $27.78 at the end of this 3-month period.

The Rigetti Computing, 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 $8.60 and $3.66. 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). 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 Tuesday, December 17, 2024, and so far it has fallen -15.81%. Further fall is indicated until a new bottom pivot has been found.

On the downside, the stock finds support just below today's level from accumulated volume at $8.43 and $7.47.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, Rigetti Computing, Inc. finds support just below today's level at $8.43. If this is broken, then the next support from accumulated volume will be at $7.47 and $7.38.

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 $3.15 between high and low, or 45.45%. For the last week, the stock has had daily average volatility of 40.98%.

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 Rigetti Computing, Inc. stock to perform well in the short-term.