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.
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Big movements in Rigetti Computing, Inc. stock price on Monday moving 21.15% between high and low
(Updated on Feb 26, 2024)


Buy or Hold candidate since Feb 09, 2024 Gain 48.80% PDF
The Rigetti Computing, Inc. stock price gained 17.72% on the last trading day (Monday, 26th Feb 2024), rising from $1.58 to $1.86. During the last trading day the stock fluctuated 21.15% from a day low at $1.56 to a day high of $1.89. The price has risen in 6 of the last 10 days and is up by 48.8% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 11 million shares were bought and sold for approximately $20.10 million.

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The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $1.64, a level that may pose a second chance to hit a runner. According to fan-theory $2.10 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

RGTI Signals & Forecast

Mostly positive signals in the chart today. The Rigetti Computing, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1.63 and $1.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 53.72%. Further rise is indicated until a new top pivot has been found. 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.

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

On the downside, the stock finds support just below today's level from accumulated volume at $1.69 and $1.64. 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, Rigetti Computing, Inc. finds support just below today's level at $1.69. If this is broken, then the next support from accumulated volume will be at $1.64 and $1.50.

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 $0.330 between high and low, or 21.15%. For the last week, the stock has had daily average volatility of 14.22%.

Our recommended stop-loss: $1.79 (-3.58%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (RGTI) For The Upcoming Trading Day Of Tuesday 27th

For the upcoming trading day on Tuesday, 27th we expect Rigetti Computing, Inc. to open at $1.77, and during the day (based on 14 day Average True Range), to move between $1.68 and $2.04, which gives a possible trading interval of +/-$0.178 (+/-9.56%) up or down from last closing price. If Rigetti Computing, Inc. takes out the full calculated possible swing range there will be an estimated 19.13% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $1.69, some $0.170 (9.14%) from the current price of $1.86, our system finds the risk reward attractive.

Is Rigetti Computing, Inc. stock A Buy?

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Rigetti Computing, Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 8.000 Open Broker Account

Strong Buy Candidate Upgraded

Predicted Opening Price for Rigetti Computing, Inc. of Tuesday, February 27, 2024

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

Fair opening price February 27, 2024 Current price
$1.77 ( 4.84%) $1.86

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.10 12.90 %
R2 1.97 6.13 %
R1 1.90 1.94 %
Current price: 1.86
Support S1 1.64 -11.62 %
S2 1.57 -15.80 %
S3 1.44 -22.58 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 1.86
Support S1 1.69 -9.14%
S2 1.64 -11.83%
S3 1.50 -19.35%
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?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Rigetti Computing, Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

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 2024-02-26, the price of an Rigetti Computing, Inc. (RGTI) share was $1.86.

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 2024-02-26, the market capitalization of Rigetti Computing, Inc. is 234.635M.

When is the next earnings date for Rigetti Computing, Inc.?
The upcoming earnings date for Rigetti Computing, Inc. is Mar 25, 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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