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Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

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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High volatility in Rigetti Computing, Inc. stock price on Wednesday which ended trading at $1.18
(Updated on Apr 17, 2024)

Sell candidate since Apr 02, 2024 Loss -13.87% PDF

The Rigetti Computing, Inc. stock price fell by -2.48% on the last day (Wednesday, 17th Apr 2024) from $1.21 to $1.18. During the last trading day the stock fluctuated 13.36% from a day low at $1.16 to a day high of $1.32. The price has fallen in 8 of the last 10 days and is down by -15.71% 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 -1 million shares and in total, 6 million shares were bought and sold for approximately $6.56 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 $1.09 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 16.11% during the next 3 months and, with a 90% probability hold a price between $1.27 and $2.72 at the end of this 3-month period.

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RGTI Signals & Forecast

There are few to no technical positive signals at the moment. 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 $1.22 and $1.62. 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 -46.61%. 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). 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 Rigetti Computing, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $1.11 and $1.09. 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 $1.11. If this is broken, then the next support from accumulated volume will be at $1.09 and $1.08.

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 $0.155 between high and low, or 13.36%. For the last week, the stock has had daily average volatility of 12.70%.

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 18th

For the upcoming trading day on Thursday, 18th we expect Rigetti Computing, Inc. to open at $1.22, and during the day (based on 14 day Average True Range), to move between $1.02 and $1.34, which gives a possible trading interval of +/-$0.156 (+/-13.26%) up or down from last closing price. If Rigetti Computing, Inc. takes out the full calculated possible swing range there will be an estimated 26.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.21 (2.54%) than the support at $1.11 (5.93%), 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?

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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.290 Strong Sell Candidate Downgraded

Predicted Opening Price for Rigetti Computing, Inc. of Thursday, April 18, 2024

Fair opening price April 18, 2024 Current price
$1.22 ( 3.25%) $1.18

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 1.37 16.38 %
R2 1.31 11.37 %
R1 1.28 8.27 %
Current price: 1.18
Support S1 1.16 -1.77 %
S2 1.12 -4.87 %
S3 1.06 -9.89 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.39 17.80 %
R2 1.24 5.08 %
R1 1.21 2.54 %
Current price 1.18
Support S1 1.11 -5.93%
S2 1.09 -7.63%
S3 1.08 -8.47%

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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell 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 2024-04-17, the price of an Rigetti Computing, Inc. (RGTI) share was $1.18.

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 2024-04-17, the market capitalization of Rigetti Computing, Inc. is 191.399M.

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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