High volatility in D-Wave Quantum Inc. stock price on Thursday which ended trading at $7.39

The D-Wave Quantum Inc. stock price gained 13.00% on the last trading day (Thursday, 20th Feb 2025), rising from $6.54 to $7.39. During the last trading day the stock fluctuated 12.65% from a day low at $6.64 to a day high of $7.48. The price has been going up and down for this period, and there has been a 18.05% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 million more shares were traded than the day before. In total, 110 million shares were bought and sold for approximately $812.38 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 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 27.14% during the next 3 months and, with a 90% probability hold a price between $5.61 and $14.56 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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $6.32 and $6.46. 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 Monday, January 06, 2025, and so far it has fallen -27.62%. 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 $6.37 and $6.10.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 $6.37. If this is broken, then the next support from accumulated volume will be at $6.10 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 $0.84 between high and low, or 12.65%. For the last week, the stock has had daily average volatility of 12.32%.

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.