Volatile ride for D-Wave Quantum Inc. stock price on Monday moving between $6.25 and $7.27

The D-Wave Quantum Inc. stock price fell by -11.59% on the last day (Monday, 24th Feb 2025) from $7.25 to $6.41. During the last trading day the stock fluctuated 16.32% from a day low at $6.25 to a day high of $7.27. The price has been going up and down for this period, and there has been a 10.71% 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 -23 million shares and in total, 69 million shares were bought and sold for approximately $441.60 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 20.41% during the next 3 months and, with a 90% probability hold a price between $5.46 and $13.54 at the end of this 3-month period.

The D-Wave Quantum Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $6.64. On a fall, the stock will find some support from the long-term average at approximately $6.35. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, January 06, 2025, and so far it has fallen -37.22%. 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 $6.37 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 $1.02 between high and low, or 16.32%. For the last week, the stock has had daily average volatility of 15.19%.

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.