Rigetti Computing, Inc. Stock Forecast

Rigetti Computing, Inc. stock price fell more than -6.04% Wednesday closing at $0.140
(Updated on Jul 03, 2024)

RGTIW Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.86%. Further rise is indicated until a new top pivot has been found. 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 $0.146 and $0.157. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Rigetti Computing, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

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

Rigetti Computing, Inc. finds support from accumulated volume at $0.139 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 $0.0090 between high and low, or 6.43%. For the last week, the stock has had daily average volatility of 6.27%.

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 5th

For the upcoming trading day on Friday, 5th we expect Rigetti Computing, Inc. to open at $0.143, and during the day (based on 14 day Average True Range), to move between $0.122 and $0.158, which gives a possible trading interval of +/-$0.0177 (+/-12.65%) up or down from last closing price. If Rigetti Computing, Inc. takes out the full calculated possible swing range there will be an estimated 25.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.139 (0.86%) than the resistance at $0.144 (2.86%), 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 is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.976 Sell Candidate Unchanged

Predicted Opening Price for Rigetti Computing, Inc. of Friday, July 5, 2024

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