Rigetti Computing, Inc. Stock Forecast
Rigetti Computing, Inc. stock price down 0% on Thursday
(Updated on Jun 20, 2024)
No changes to the price of Rigetti Computing, Inc. stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 4.50% from a day low at $0.140 to a day high of $0.146. The price has risen in 5 of the last 10 days but is still down by -17.15% for this period.
The stock lies in the middle of a 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 -36.98% during the next 3 months and, with a 90% probability hold a price between $0.0855 and $0.105 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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RGTIW Signals & Forecast
There are mixed signals in the stock today. 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 $0.154 and $0.169. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 2.67%. 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).
Support, Risk & Stop-loss for Rigetti Computing, Inc. stock
Rigetti Computing, Inc. finds support from accumulated volume at $0.142 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0063 between high and low, or 4.50%. For the last week the stock has had daily average volatility of 11.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RGTIW) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Rigetti Computing, Inc. to open at $0.143, and during the day (based on 14 day Average True Range), to move between $0.121 and $0.164, which gives a possible trading interval of +/-$0.0215 (+/-15.11%) up or down from last closing price. If Rigetti Computing, Inc. takes out the full calculated possible swing range there will be an estimated 30.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.142 (0.14%) than the resistance at $0.150 (5.26%), 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?
Rigetti Computing, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.853 Sell Candidate Unchanged
Predicted Opening Price for Rigetti Computing, Inc. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $0.143 ( 0.304%) | $0.143 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RGTIW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.149 | 4.73% |
| R2 | 0.147 | 3.04% |
| R1 | 0.145 | 1.99% |
| Price | 0.143 | |
| S1 | 0.141 | -1.38% |
| S2 | 0.139 | -2.43% |
| S3 | 0.137 | -4.12% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.172 | 20.70% |
| R2 | 0.171 | 20.14% |
| R1 | 0.150 | 5.26% |
| Price | 0.143 | |
| S1 | 0.142 | -0.140% |
| S2 | 0.139 | -2.60% |
| S3 | 0 | - |
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