RIGETTI COMPUTING INC. - Daily - Technical analysis published on 07/24/2024 (GMT)
- 133
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bearish
Technical indicators
56%
17%
28%
My opinion
Neutral between 1.02 USD and 1.19 USD
My targets
-
My analysis
The strong short-term increase on RIGETTI COMPUTING INC. is in contrast to the bearish trend. Buyers are trying to regain control of the asset and a reversal of the trend could be possible. It would be interesting to understand what caused such a rebound. Has an economic announcement impacting the basics been published? As long as the price remains above 1.02 USD, you could take advantage of the short-term boom. The first bullish objective would be 1.19 USD. Then the price could move towards 1.24 USD. Then 1.40 USD by extension. Attention should be paid to the reaction of the price on these resistances to see if the sellers show up. Be careful, a return below 1.02 USD could be a sign of a reversal of the bearish trend.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RIGETTI COMPUTING INC. price is 1.12 USD. The price has increased by +6.67% since the last closing and was traded between 1.03 USD and 1.12 USD over the period. The price is currently at +8.74% from its lowest and 0% from its highest.1.03
1.12
1.12
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of RIGETTI COMPUTING INC. indicates that the overall trend is bearish. The signals given by the moving averages are at 64.29% bearish. This bearish trend could quickly slow down given the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.92 | 1.12 | 1.19 | 1.40 | 2.01 |
| Change (%) | -17.86% | - | +6.25% | +25.00% | +79.46% |
| Change | -0.20 | - | +0.07 | +0.28 | +0.89 |
| Level | Major | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.97 | 1.00 | 1.06 | 1.09 | 1.15 | 1.18 | 1.24 |
| Camarilla | 1.10 | 1.10 | 1.11 | 1.12 | 1.13 | 1.14 | 1.15 |
| Woodie | 0.99 | 1.01 | 1.08 | 1.10 | 1.17 | 1.19 | 1.26 |
| Fibonacci | 1.00 | 1.03 | 1.06 | 1.09 | 1.12 | 1.15 | 1.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.69 | 0.86 | 0.95 | 1.12 | 1.21 | 1.38 | 1.47 |
| Camarilla | 0.97 | 0.99 | 1.02 | 1.04 | 1.06 | 1.09 | 1.11 |
| Woodie | 0.65 | 0.84 | 0.91 | 1.10 | 1.17 | 1.36 | 1.43 |
| Fibonacci | 0.86 | 0.96 | 1.02 | 1.12 | 1.22 | 1.28 | 1.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.71 | 0.80 | 0.93 | 1.02 | 1.15 | 1.24 | 1.37 |
| Camarilla | 1.01 | 1.03 | 1.05 | 1.07 | 1.09 | 1.11 | 1.13 |
| Woodie | 0.74 | 0.81 | 0.96 | 1.03 | 1.18 | 1.25 | 1.40 |
| Fibonacci | 0.80 | 0.88 | 0.93 | 1.02 | 1.10 | 1.15 | 1.24 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.34 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 14.82 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 1.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.37 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 0.85 | |
| Zig ZAG (10): | 1.08 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 28.59 | |
| TEMA (21): | 1.12 | |
| Williams %R (14): | -68.02 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | -2.8500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 24.67 |
| MA7: | 1.13 | |
| MA20: | 1.05 | |
| MA50: | 1.06 | |
| MA100: | 1.28 | |
| MAexp7: | 1.09 | |
| MAexp20: | 1.07 | |
| MAexp50: | 1.10 | |
| MAexp100: | 1.18 | |
| Price / MA7: | -0.88% | |
| Price / MA20: | +6.67% | |
| Price / MA50: | +5.66% | |
| Price / MA100: | -12.50% | |
| Price / MAexp7: | +2.75% | |
| Price / MAexp20: | +4.67% | |
| Price / MAexp50: | +1.82% | |
| Price / MAexp100: | -5.08% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on RIGETTI COMPUTING INC.. At the time of publication of this analysis, the latest news was as follows:
- Rigetti to Present Keynote at SEMICON West 2024
- Rigetti Computing Set to Join Russell 3000® Index
- Rigetti Computing Reports First Quarter 2024 Financial Results
- Rigetti Computing to Report First Quarter 2024 Financial Results and Host Conference Call on May 9, 2024
- Rigetti Computing Launches the Novera™ QPU Partner Program
This member declared not having a position on this financial instrument or a related financial instrument.
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