Quantum Computing Inc. Stock Forecast
Red day on Thursday for Quantum Computing Inc. stock after losing 2.93%
(Updated on Mar 28, 2024)
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
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