Volatile ride for Rigetti Computing, Inc. stock price on Tuesday moving between $10.34 and $12.28

The Rigetti Computing, Inc. stock price gained 3.56% on the last trading day (Tuesday, 24th Dec 2024), rising from $10.96 to $11.35. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 18.76% from a day low at $10.34 to a day high of $12.28. The price has risen in 7 of the last 10 days and is up by 74.88% over the past 2 weeks. Volume fell on the last day by -120 million shares and in total, 107 million shares were bought and sold for approximately $1.22 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 $11.76 will firstly indicate a stronger rate of rising.Given the current short-term trend, the stock is expected to rise 210.08% during the next 3 months and, with a 90% probability hold a price between $13.84 and $36.47 at the end of this 3-month period.

Mostly positive signals in the chart today. 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 $9.91 and $4.23. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, December 19, 2024, and so far it has risen 51.94%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Rigetti Computing, Inc. finds support from accumulated volume at $10.96 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 $1.94 between high and low, or 18.76%. For the last week, the stock has had daily average volatility of 32.30%.

Rigetti Computing, 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 Buy to a Strong Buy candidate.