IonQ, Inc. Stock Forecast

Buy or Hold candidate since Oct 02, 2024 Gain 226.07%

The IonQ, Inc. stock price decreased by -9.00% on the last trading day (Wednesday, 11th Dec 2024), dropping from $32.97 to $30.00. This marks a decline for three consecutive days. Throughout the last trading session, the stock experienced fluctuations of 11.83%, with a daily low of $29.50 and a daily high of $32.99. Although the price has increased in 6 of the past 10 days, it is still down by -2.19% over this timeframe. Additionally, volume rose on the last day by 10 million shares, despite the falling prices. This could serve as an early warning, indicating a slight increase in risk over the next few days. In total, 34 million shares were traded, amounting to approximately $1.02 billion.

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 419.22% during the next 3 months and, with a 90% probability hold a price between $142.83 and $204.87 at the end of this 3-month period.

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IONQ Signals & Forecast

The IonQ, 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 $33.92. On a fall, the stock will find some support from the long-term average at approximately $25.62. 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. 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 -20.93%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for IonQ, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $26.76 and $25.23. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, IonQ, Inc. finds support just below today's level at $26.76. If this is broken, then the next support from accumulated volume will be at $25.23 and $24.80.

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 $3.49 between high and low, or 11.83%. For the last week, the stock has had daily average volatility of 12.38%.

Our recommended stop-loss: $28.51 (-4.96%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (IONQ) For The Upcoming Trading Day Of Thursday 12th

For the upcoming trading day on Thursday, 12th we expect IonQ, Inc. to open at $30.83, and during the day (based on 14 day Average True Range), to move between $26.37 and $33.63, which gives a possible trading interval of +/-$3.63 (+/-12.10%) up or down from last closing price. If IonQ, Inc. takes out the full calculated possible swing range there will be an estimated 24.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $30.85 (2.84%) than the support at $26.76 (10.80%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is IonQ, Inc. stock A Buy?

IonQ, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.052 Hold/Accumulate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on December 12, 2024 - $30.83 ( 2.77%).