Big movements in Rigetti Computing, Inc. stock price on Wednesday moving 18.81% between high and low

The Rigetti Computing, Inc. stock price gained 22.23% on the last trading day (Wednesday, 15th Jan 2025), rising from $8.95 to $10.94. During the last trading day the stock fluctuated 18.81% from a day low at $9.73 to a day high of $11.56. The price has fallen in 6 of the last 10 days and is down by -35.65% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 42 million more shares were traded than the day before. In total, 382 million shares were bought and sold for approximately $4.18 billion.

On Jan 14, 2025, it was reported that B. Riley gave RGTI 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 253.67% during the next 3 months and, with a 90% probability hold a price between $23.23 and $78.08 at the end of this 3-month period.

The Rigetti Computing, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $11.83. On a fall, the stock will find some support from the long-term average at approximately $9.04. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, January 02, 2025, and so far it has fallen -45.30%. 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).

Rigetti Computing, Inc. finds support from accumulated volume at $10.69 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 $1.83 between high and low, or 18.81%. For the last week, the stock has had daily average volatility of 33.44%.

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.