Volatile ride for D-Wave Quantum Inc. stock price on Wednesday moving between $5.31 and $6.11

The D-Wave Quantum Inc. stock price gained 13.43% on the last trading day (Wednesday, 12th Feb 2025), rising from $5.33 to $6.04. During the last trading day the stock fluctuated 15.07% from a day low at $5.31 to a day high of $6.11. The price has risen in 6 of the last 10 days and is up by 9.42% 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, 26 million more shares were traded than the day before. In total, 62 million shares were bought and sold for approximately $375.36 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 lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.32 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.Given the current short-term trend, the stock is expected to rise 55.16% during the next 3 months and, with a 90% probability hold a price between $8.26 and $18.60 at the end of this 3-month period.

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. The D-Wave Quantum Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $6.73. On a fall, the stock will find some support from the short-term average at $5.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, January 06, 2025, and so far it has fallen -40.84%. Further fall is indicated until a new bottom pivot has been found.

D-Wave Quantum Inc. finds support from accumulated volume at $5.81 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 $0.80 between high and low, or 15.07%. For the last week, the stock has had daily average volatility of 11.64%.

D-Wave Quantum Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.