RIGETTI COMPUTING INC. - 15 min. - Technical analysis published on 07/24/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.09 USD
My targets
1.15 USD (+2.68%)
1.18 USD (+5.36%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade RIGETTI COMPUTING INC. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.09 USD. The buyers' bullish objective is set at 1.15 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.18 USD. If there is any crossing, the next objective would be the resistance located at 1.24 USD. If there is a bearish break in the support located at 1.09 USD some indecision would arise.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.4
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Additional analysis
Quotes
RIGETTI COMPUTING INC. rating 1.12 USD. The price registered an increase of +6.67% on the session with the lowest point at 1.03 USD and the highest point at 1.12 USD. The deviation from the price is +8.74% for the low point and 0% for the high point.1.03
1.12
1.12
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of RIGETTI COMPUTING INC. in 15 min. shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.01 | 1.06 | 1.10 | 1.12 | 1.14 | 1.19 | 1.23 |
| Change (%) | -9.82% | -5.36% | -1.79% | - | +1.79% | +6.25% | +9.82% |
| Change | -0.11 | -0.06 | -0.02 | - | +0.02 | +0.07 | +0.11 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.19 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 14.80 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 1.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.05 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 1.03 | |
| Zig ZAG (10): | 1.08 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 76.36 | |
| TEMA (21): | 1.09 | |
| Williams %R (14): | -32.52 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | -0.6100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 8.54 |
| MA7: | 1.13 | |
| MA20: | 1.05 | |
| MA50: | 1.06 | |
| MA100: | 1.28 | |
| MAexp7: | 1.08 | |
| MAexp20: | 1.06 | |
| MAexp50: | 1.06 | |
| MAexp100: | 1.07 | |
| Price / MA7: | -0.88% | |
| Price / MA20: | +6.67% | |
| Price / MA50: | +5.66% | |
| Price / MA100: | -12.50% | |
| Price / MAexp7: | +3.70% | |
| Price / MAexp20: | +5.66% | |
| Price / MAexp50: | +5.66% | |
| Price / MAexp100: | +4.67% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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