Volatile ride for Rigetti Computing, Inc. stock price on Monday moving between $10.44 and $12.30

The Rigetti Computing, Inc. stock price gained 16.97% on the last trading day (Monday, 23rd Dec 2024), rising from $9.37 to $10.96. During the last trading day the stock fluctuated 17.82% from a day low at $10.44 to a day high of $12.30. The price has risen in 7 of the last 10 days and is up by 145.19% 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, 13 million more shares were traded than the day before. In total, 227 million shares were bought and sold for approximately $2.49 billion.

On Dec 20, 2024, it was reported that Craig-Hallum gave RGTI a "Buy" grade with a "initialise" action.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $11.60 will firstly indicate a stronger rate of rising.Given the current short-term trend, the stock is expected to rise 172.89% during the next 3 months and, with a 90% probability hold a price between $10.69 and $31.65 at the end of this 3-month period.

The Rigetti 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 $9.32 and $3.94. 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 Tuesday, December 17, 2024, and so far it has fallen -1.53%. Further fall is indicated until a new bottom pivot has been found.

Rigetti Computing, Inc. finds support from accumulated volume at $10.69 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 $1.86 between high and low, or 17.82%. For the last week, the stock has had daily average volatility of 35.18%.

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