Evaluation of D-Wave Quantum Inc. stock downgraded after the last trading session

The D-Wave Quantum Inc. stock price fell by -2.66% on the last day (Thursday, 24th Jul 2025) from $20.30 to $19.76. During the last trading day the stock fluctuated 5.41% from a day low at $19.42 to a day high of $20.47. The price has been going up and down for this period, and there has been a 23.42% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -24 million shares and in total, 50 million shares were bought and sold for approximately $978.73 million.

On Jun 18, 2025, it was reported that B. Riley gave QBTS a "Buy" grade with a "hold" action.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $20.45 will firstly indicate a stronger rate of rising.Given the current short-term trend, the stock is expected to rise 85.42% during the next 3 months and, with a 90% probability hold a price between $27.96 and $37.93 at the end of this 3-month period.

The D-Wave Quantum 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 $18.73 and $16.45. 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). 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 Wednesday, July 23, 2025, and so far it has fallen -2.66%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

D-Wave Quantum Inc. finds support from accumulated volume at $19.04 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.05 between high and low, or 5.41%. For the last week, the stock has had daily average volatility of 9.37%.

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 D-Wave Quantum Inc. stock to perform well in the short-term.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.