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D-WAVE QUANTUM INC.
D-WAVE QUANTUM INC.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: QBTS
ISIN:

D-WAVE QUANTUM INC. - 1H - Technical analysis published on 08/02/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 2.50 USD
My targets
2.89 USD (+6.93%)
2.91 USD (+7.78%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on D-WAVE QUANTUM INC. as long as the price remains well above 2.50 USD. The buyers' bullish objective is set at 2.89 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.91 USD. If there is any crossing, the next objective would be the resistance located at 3.20 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

jarias81197
This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

D-WAVE QUANTUM INC. rating 2.70 USD. On the day, this instrument gained +28.57% and was between 2.05 USD and 2.72 USD. This implies that the price is at +31.71% from its lowest and at -0.74% from its highest.

2.05
2.72
2.70

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this 1H chart of D-WAVE QUANTUM INC. indicates that the overall trend is bullish. The signals given by moving averages are 75.00% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

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
Price


S3S2S1PriceR1R2
ProTrendLines 2.03 2.26 2.50 2.70 2.91 3.20
Change (%) -24.81% -16.30% -7.41% - +7.78% +18.52%
Change -0.67 -0.44 -0.20 - +0.21 +0.50
Level Intermediate Major Minor - Major Major



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
Standard1.591.822.262.492.933.163.60
Camarilla2.522.582.642.702.762.822.88
Woodie1.701.872.372.543.043.213.71
Fibonacci1.822.082.232.492.752.903.16


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.071.471.782.182.492.893.20
Camarilla1.911.972.042.102.172.232.30
Woodie1.041.451.752.162.462.873.17
Fibonacci1.471.741.912.182.452.622.89


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.050.901.502.352.953.804.40
Camarilla1.701.831.972.102.232.372.50
Woodie-0.080.841.382.292.833.744.28
Fibonacci0.901.451.802.352.903.253.80

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 76.41
MACD (12,26,9): 0.1000
Directional Movement: 29.35
AROON (14): 50.00
DEMA (21): 2.38
Parabolic SAR (0,02-0,02-0,2): 2.19
Elder Ray (13): 0.29
Super Trend (3,10): 2.15
Zig ZAG (10): 2.70
VORTEX (21): 1.2200
Stochastique (14,3,5): 90.35
TEMA (21): 2.52
Williams %R (14): -2.42
Chande Momentum Oscillator (20): 0.56
Repulse (5,40,3): 13.3500
ROCnROLL: 1
TRIX (15,9): 0.2100
Courbe Coppock: 35.36
MA7: 2.22
MA20: 2.29
MA50: 1.96
MA100: 1.26
MAexp7: 2.46
MAexp20: 2.28
MAexp50: 2.26
MAexp100: 2.27
Price / MA7: +21.62%
Price / MA20: +17.90%
Price / MA50: +37.76%
Price / MA100: +114.29%
Price / MAexp7: +9.76%
Price / MAexp20: +18.42%
Price / MAexp50: +19.47%
Price / MAexp100: +18.94%

Quotes : - 15 min delayed data - NYSE Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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