High volatility in Quantum Computing Inc. stock price on Thursday which ended trading at $19.24

The Quantum Computing Inc. stock price gained 12.55% on the last trading day (Thursday, 26th Dec 2024), rising from $17.10 to $19.24. During the last trading day the stock fluctuated 19.98% from a day low at $16.22 to a day high of $19.46. The price has risen in 7 of the last 10 days and is up by 200.63% 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, 14 million more shares were traded than the day before. In total, 40 million shares were bought and sold for approximately $778.46 million.

On Apr 15, 2024, it was reported that Ascendiant gave QUBT 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 139.32% during the next 3 months and, with a 90% probability hold a price between $20.67 and $64.48 at the end of this 3-month period.

The Quantum 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 $18.54 and $7.84. 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 Wednesday, December 18, 2024, and so far it has fallen -25.08%. 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 $17.62 and $16.79.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, Quantum Computing Inc. finds support just below today's level at $17.62. If this is broken, then the next support from accumulated volume will be at $16.79 and $15.14.

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 $3.24 between high and low, or 19.98%. For the last week, the stock has had daily average volatility of 30.86%.

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