Volatile ride for D-Wave Quantum Inc. stock price on Friday moving between $16.26 and $18.79

The D-Wave Quantum Inc. stock price gained 13.05% on the last trading day (Friday, 6th Jun 2025), rising from $16.47 to $18.62. During the last trading day the stock fluctuated 15.56% from a day low at $16.26 to a day high of $18.79. The price has risen in 5 of the last 10 days but is still down by -2.21% for this period. 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, 80 million shares were bought and sold for approximately $1.49 billion.

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 102.14% during the next 3 months and, with a 90% probability hold a price between $20.98 and $41.84 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 $17.19 and $11.83. A breakdown below any of these levels will issue sell signals. 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, May 22, 2025, and so far it has fallen -2.21%. 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).

On the downside, the stock finds support just below today's level from accumulated volume at $17.55 and $16.56.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 $17.55. If this is broken, then the next support from accumulated volume will be at $16.56 and $15.36.

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 $2.53 between high and low, or 15.56%. For the last week, the stock has had daily average volatility of 10.48%.

D-Wave Quantum Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.