RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RGTI
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Rigetti Computing, Inc. stock price up 1.99% on Wednesday
(Updated on Mar 27, 2024)

Sell candidate since Mar 22, 2024 Loss -5.52% PDF

The Rigetti Computing, Inc. stock price gained 1.99% on the last trading day (Wednesday, 27th Mar 2024), rising from $1.51 to $1.54. During the last trading day the stock fluctuated 9.72% from a day low at $1.44 to a day high of $1.58. The price has fallen in 7 of the last 10 days and is down by -24.51% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 333 thousand more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately $11.42 million.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.53 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 81.14% during the next 3 months and, with a 90% probability hold a price between $2.77 and $4.35 at the end of this 3-month period.

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RGTI Signals & Forecast

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. The Rigetti Computing, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.64 and $1.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -30.32%. 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).

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

Rigetti Computing, Inc. finds support from accumulated volume at $1.50 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.140 between high and low, or 9.72%. For the last week, the stock has had daily average volatility of 9.12%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RGTI) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Rigetti Computing, Inc. to open at $1.52, and during the day (based on 14 day Average True Range), to move between $1.33 and $1.75, which gives a possible trading interval of +/-$0.211 (+/-13.72%) up or down from last closing price. If Rigetti Computing, Inc. takes out the full calculated possible swing range there will be an estimated 27.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.50 (2.60%) than the resistance at $1.64 (6.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Rigetti Computing, Inc. stock A Buy?

The Rigetti Computing, Inc. stock holds several negative signals and despite the positive trend, we believe Rigetti Computing, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.899 Sell Candidate Unchanged

Predicted Opening Price for Rigetti Computing, Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$1.52 ( 1.30%) $1.54

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

Trading levels for RGTI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.66 7.79 %
R2 1.61 4.32 %
R1 1.57 2.17 %
Current price: 1.54
Support S1 1.47 -4.77 %
S2 1.43 -6.92 %
S3 1.38 -10.39 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.86 20.78 %
R2 1.69 9.74 %
R1 1.64 6.49 %
Current price 1.54
Support S1 1.50 -2.60%
S2 1.39 -9.74%
S3 1.24 -19.48%

FAQ

What is the symbol for Rigetti Computing, Inc. Stock and on which exchange is it traded?
The symbol for Rigetti Computing, Inc. is RGTI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Rigetti Computing, Inc. Stock?
The Rigetti Computing, Inc. stock holds several negative signals and despite the positive trend, we believe Rigetti Computing, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Rigetti Computing, Inc. Stock?
Rigetti 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 Rigetti Computing, Inc. Stock.

What's the current price of Rigetti Computing, Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Rigetti Computing, Inc. (RGTI) share was $1.54.

What is the 52-week high and low for Rigetti Computing, Inc. Stock?
The 52-week high for Rigetti Computing, Inc. Stock is $3.43 and the 52-week low is $0.360.

What is the market capitalization of Rigetti Computing, Inc. Stock?
As of the 2024-03-27, the market capitalization of Rigetti Computing, Inc. is 238.853M.

When is the next earnings date for Rigetti Computing, Inc.?
The upcoming earnings date for Rigetti Computing, Inc. is May 09, 2024.
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About Rigetti Computing, Inc.

Rigetti Computing. Rigetti Computing, Inc. operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them. Its machines are integrated into various public, private, or hybrid clouds through its Quantum Cloud Services platform. The company was founded in 2013 and is based in Berkeley, California.... RGTI Profile

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