RSI low/high Values: [ 25 - 80 ]
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AI Analysis of QUBT
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Red day on Thursday for Quantum Computing Inc. stock after losing 2.93%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 11, 2024 Gain 4.22% PDF

The Quantum Computing Inc. stock price fell by -2.93% on the last day (Thursday, 28th Mar 2024) from $1.02 to $0.99. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.60% from a day low at $0.99 to a day high of $1.05. The price has fallen in 7 of the last 10 days and is down by -13.15% for this period. 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 -618 thousand shares and in total, 2 million shares were bought and sold for approximately $1.74 million.

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 27.93% during the next 3 months and, with a 90% probability hold a price between $1.14 and $1.62 at the end of this 3-month period.

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QUBT Signals & Forecast

The Quantum Computing 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 $1.10. On a fall, the stock will find some support from the long-term average at approximately $0.95. 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 Wednesday, March 20, 2024, and so far it has fallen -20.15%. 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.

Support, Risk & Stop-loss for Quantum Computing Inc. stock

Quantum Computing Inc. finds support from accumulated volume at $0.95 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 $0.0650 between high and low, or 6.60%. For the last week, the stock has had daily average volatility of 10.24%.

Our recommended stop-loss: $0.93 (-5.90%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (QUBT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Quantum Computing Inc. to open at $1.01, and during the day (based on 14 day Average True Range), to move between $0.88 and $1.10, which gives a possible trading interval of +/-$0.110 (+/-11.15%) up or down from last closing price. If Quantum Computing Inc. takes out the full calculated possible swing range there will be an estimated 22.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.95 (4.05%) than the resistance at $1.11 (12.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Quantum Computing Inc. stock A Buy?

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

Current score: 1.576 Buy Candidate Unchanged

Predicted Opening Price for Quantum Computing Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.01 ( 1.84%) $0.99

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for QUBT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.07 8.41 %
R2 1.05 5.90 %
R1 1.03 4.35 %
Current price: 0.99
Support S1 0.98 -0.663 %
S2 0.97 -2.21 %
S3 0.94 -4.72 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.22 23.22 %
R2 1.16 17.16 %
R1 1.11 12.11 %
Current price 0.99
Support S1 0.95 -4.05%
S2 0.86 -13.14%
S3 0.84 -14.98%

FAQ

What is the symbol for Quantum Computing Inc. Stock and on which exchange is it traded?
The symbol for Quantum Computing Inc. is QUBT and it is traded on the OTCBB (OTC Bulletin Board).

Should I buy or sell Quantum Computing Inc. Stock?
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 Quantum Computing Inc. stock to perform well in the short-term.

How to buy Quantum Computing Inc. Stock?
Quantum Computing Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Quantum Computing Inc. Stock.

What's the current price of Quantum Computing Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Quantum Computing Inc. (QUBT) share was $0.99.

What is the 52-week high and low for Quantum Computing Inc. Stock?
The 52-week high for Quantum Computing Inc. Stock is $1.81 and the 52-week low is $0.635.

What is the market capitalization of Quantum Computing Inc. Stock?
As of the 2024-03-28, the market capitalization of Quantum Computing Inc. is 74.354M.

When is the next earnings date for Quantum Computing Inc.?
The upcoming earnings date for Quantum Computing Inc. is May 10, 2024.
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About Quantum Computing Inc.

Quantum Computing. Quantum Computing, Inc. focuses on providing software tools and applications for quantum computers in Virginia. The company offers Qatalyst, a quantum application accelerator that enables developers to create and execute quantum-ready applications on conventional computers, while being ready to run on quantum computers as well as provides multiple quantum processing units including DWave, Rigetti, and IonQ. It focuses on serving commercial and go... QUBT Profile

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