Volatile ride for D-Wave Quantum Inc. stock price on Thursday moving between $3.82 and $4.63

The D-Wave Quantum Inc. stock price fell by -4.46% on the last day (Thursday, 12th Dec 2024) from $4.09 to $3.91. During the last trading day the stock fluctuated 21.20% from a day low at $3.82 to a day high of $4.63. The price has been going up and down for this period, and there has been a 42.62% 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 -27 million shares and in total, 58 million shares were bought and sold for approximately $226.37 million.

On Jul 24, 2024, it was reported that B. Riley gave QBTS a "Buy" grade with a "initialise" 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 127.85% during the next 3 months and, with a 90% probability hold a price between $5.09 and $11.96 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 $4.16. On a fall, the stock will find some support from the long-term average at approximately $2.23. 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 Friday, December 06, 2024, and so far it has fallen -22.77%. 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 $3.78 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 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 $0.81 between high and low, or 21.20%. For the last week, the stock has had daily average volatility of 25.21%.

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.