Rigetti Computing, Inc. Stock Forecast

Buy candidate since Mar 14, 2025

The Rigetti Computing, Inc. stock price increased by 28.23% on the most recent trading day (Friday, 14th Mar 2025), moving up from $8.75 to $11.22. Throughout the last trading session, the stock experienced a fluctuation of 25.28%, with a daily low of $9.02 and a daily high of $11.30. The price has shown an upward trend, rising in 7 of the last 10 days, and has increased by 32.62% over the past two weeks. Additionally, trading volume surged on the last day, aligning with the price increase, which is a favorable technical indicator. In total, 58 million more shares were traded compared to the previous day. Overall, 124 million shares were exchanged for roughly $1.40 billion.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.13% during the next 3 months and, with a 90% probability hold a price between $2.15 and $12.65 at the end of this 3-month period.

RGTI Signals & Forecast

The Rigetti Computing, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $8.96 and $10.80. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Thursday, January 02, 2025, and so far it has fallen -43.90%. Further fall is indicated until a new bottom pivot has been found.

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

Rigetti Computing, Inc. finds support from accumulated volume at $10.94 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 $2.28 between high and low, or 25.28%. For the last week, the stock has had daily average volatility of 16.25%.

Our recommended stop-loss: $10.56 (-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 48 days ago.)

Trading Expectations (RGTI) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Rigetti Computing, Inc. to open at $10.51, and during the day (based on 14 day Average True Range), to move between $9.75 and $12.69, which gives a possible trading interval of +/-$1.47 (+/-13.06%) up or down from last closing price. If Rigetti Computing, Inc. takes out the full calculated possible swing range there will be an estimated 26.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $11.24 (0.18%) than the support at $10.94 (2.50%), 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 Rigetti Computing, Inc. stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Buy candidate.

Current score: 2.218 Buy Candidate Upgraded

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Predicted Fair Opening Price

Predicted fair opening price on March 17, 2025 - $10.51 ( 6.30%).