RIGETTI COMPUTING INC. - 1H - Technical analysis published on 07/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 1.10 USD
My targets
1.14 USD (+1.79%)
1.19 USD (+6.25%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on RIGETTI COMPUTING INC. as long as the price remains well above 1.10 USD. The buyers' bullish objective is set at 1.14 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.19 USD. If there is any crossing, the next objective would be the resistance located at 1.23 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.2
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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. rating is 1.12 USD. The price has increased by +6.67% since the last closing and was between 1.03 USD and 1.12 USD. This implies that the price is at +8.74% from its lowest and at 0% from its highest.1.03
1.12
1.12
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 1H chart of RIGETTI COMPUTING INC. indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
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 |
To determine price objectives, it is also possible to use the pivot points. Here is the price position 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 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): | 52.91 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 5.04 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 1.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.13 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 1.12 | |
| Zig ZAG (10): | 1.08 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 78.52 | |
| TEMA (21): | 1.04 | |
| Williams %R (14): | -25.28 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | 2.7200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3200 | |
| Courbe Coppock: | 1.19 |
| MA7: | 1.13 | |
| MA20: | 1.05 | |
| MA50: | 1.06 | |
| MA100: | 1.28 | |
| MAexp7: | 1.06 | |
| MAexp20: | 1.07 | |
| MAexp50: | 1.08 | |
| MAexp100: | 1.07 | |
| Price / MA7: | -0.88% | |
| Price / MA20: | +6.67% | |
| Price / MA50: | +5.66% | |
| Price / MA100: | -12.50% | |
| Price / MAexp7: | +5.66% | |
| Price / MAexp20: | +4.67% | |
| Price / MAexp50: | +3.70% | |
| 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.
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