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The D-Wave Quantum Inc. stock price gained 7.62% on the last trading day (Thursday, 13th Feb 2025), rising from $6.04 to $6.50. During the last trading day the stock fluctuated 9.75% from a day low at $6.05 to a day high of $6.64. The price has risen in 6 of the last 10 days and is up by 15.25% 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, 6 million more shares were traded than the day before. In total, 68 million shares were bought and sold for approximately $443.41 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 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 $5.29 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 50.34% during the next 3 months and, with a 90% probability hold a price between $7.95 and $17.95 at the end of this 3-month period.
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. The D-Wave Quantum 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 $6.74. On a fall, the stock will find some support from the short-term average at $5.96. 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 Monday, January 06, 2025, and so far it has fallen -36.34%. 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 $6.10 and $5.81.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 $6.10. If this is broken, then the next support from accumulated volume will be at $5.81 and $5.79.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.590 between high and low, or 9.75%. For the last week, the stock has had daily average volatility of 11.12%.
D-Wave Quantum Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Check full D-Wave Quantum Inc. forecast and analysis here.
