RGTIfalling wedge pattern has target around 3$ stop loss 0.70$
entry point 1.20$ first support 1.12$ second 1$
it has supply zone from 1.33 to 1.43$ second 2$ to 2.24$
we can trade betwenn this zones
RGTI trade ideas
A Possible 10 Bagger..!The image shows a stock chart for Rigetti Computing, Inc. (RGTI), a company listed on NASDAQ. Here's a technical and fundamental analysis based on the information provided:
Technical Analysis:
1. Price trend: The stock has experienced a significant downtrend since its peak in 2021/2022, falling from over $12 to current levels around $1.29.
2. Recent price action: There's a potential bottoming pattern forming, with the price stabilizing and showing some upward momentum recently.
3. Chart pattern: The chart displays what appears to be an inverted head and shoulders pattern (marked with A, B, C, D points), which is typically a bullish reversal signal.
4. Volume: Recent volume spikes coincide with price increases, potentially indicating growing investor interest.
5. Moving averages: The price has crossed above some short-term moving averages, which could be a bullish sign.
6. Resistance level: There's a potential resistance level around $2.50-$3.00 based on previous price action.
Fundamental Analysis:
1. Performance metrics: The chart shows positive performance over various timeframes:
- 1 week: 53.17%
- 1 month: 62.49%
- 3 months: 15.14%
- 6 months: 14.16%
- Year-to-date: 30.98%
- 1 year: 7.5%
2. Market cap: With the current price at $1.29 and assuming the volume of 14.502M represents shares outstanding, the market cap is approximately $18.7 million.
3. Industry context: Rigetti Computing is in the quantum computing sector, which is an emerging and potentially disruptive technology field.
4. Volatility: The stock shows high volatility, typical of early-stage tech companies in emerging sectors.
5. Investor sentiment: The "This could be a ten-bagger" comment suggests some speculative interest in the stock's potential for significant growth.
Cautions:
- The stock is highly volatile and speculative.
- Past performance doesn't guarantee future results.
- Further fundamental research on Rigetti's financials, competitive position, and growth prospects would be necessary for a comprehensive analysis.
This analysis is based solely on the chart provided and should not be considered investment advice. Investors should conduct their own thorough research before making any investment decisions.
RGTI | Next Leg Higher Incoming | LONGRigetti Computing, Inc. provides full-stack quantum computing services. It serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. The company was founded by Chad Rigetti in 2013 and is headquartered in Berkeley, CA.
$RGTI landing on 50 EMA on hourly After a strong surge pulling away from 8 EMA on daily. The magnetic pulling effect brought down the price however still far from it's 8 EMA. Looking at hourly chart, it appears to have landed on 50 EMA in yellow. However, RSI still weak. Hasn't cross its MA. More room to fall?
Rounding bottom Rounding bottom formation since September 2022. Is testing the broken resistance, if it breaks down to the next support I would buy more. Is a highly volatile stock, set your risk reward accordingly.
$RGTI interesting activity with high volume RGTI seen spiking with high volume. Above 50EMA now but safer to wait for confirmation for it to cross the 200EMA to base and rest there.😁😎👌
Rigetti here we go. Please note that there is a substantial amount of risk involved in this opportunity. Please consider this before proceeding.
Rigetti Computing is an integrated systems company that builds quantum computers and the superconducting quantum processors that power them. Through their Quantum Cloud Services (QCS) platform, their machines can be integrated into any public, private, or hybrid cloud. The company designs and manufactures integrated circuits for quantum computers and develops software for building algorithms for these chips.
Good luck!
All the best.
Rigetti: long term gem! Investing in Rigetti at present bears resemblance to investing in Microsoft during the 1990s. Quantum computing is poised to exert a profound influence on the technology sector, underscoring the rationale for acquiring shares in a company at the forefront of quantum computer development. The current market indicators suggest an impending surge in Rigetti's stock value over the ensuing months, presenting a favorable opportunity to augment our portfolio's overall worth.
RGTI Rigetti Computing Options Ahead of EarningsAnalyzing the options chain and the chart patterns of RGTI Rigetti Computing prior to the earnings report this week,
I would consider purchasing the 2.50usd strike price Calls with
an expiration date of 2023-8-18,
for a premium of approximately $0.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Quantum computing stocks to buyRigetti Computing - pure-play quantum computing business that went public in October 2021 through a SPAC deal.
RGTI has partnered with several leading companies and institutions, such as Ampere Computing, Deloitte, NASA, and the U.S. Department of Energy.
Rigetti Computing’s financials show robust growth potential, as the company generated $13 million in revenue in 2022, up 46% year-over-year. The quantum computing firm expects increased growth as its quantum projects continue to scale.
Wave ForecastSo recently the PA has shed more light on the prior structures - it's clear we're correcting this entire move and our first 5 waves have completed - Going forward I expect this correction to end soon and we should start our wave 3.
Scam Cycle Log Plot...Not seeing this move off the bottom as corrective at all - volume has already confirmed the trend imo and we're early stages here of wave 3.
Scamage...Bull retrace in progress I believe - If you can't tell yet by recent ideas I think quantum stocks are going to get some love and go on some decent hype runs.
RGTI Long Currently at 'oversold' due to an end of the lock-up period. Rigetti Computing is a Berkeley, California-based developer of superconducting quantum computers. Partnership with Nasdaq, Standard Chartered Bank, United States Department of Energy, Ampere Computing and etc. Rigetti's 80-qubit Aspen-M machine available on Amazon AWS and Microsoft Azure cloud. Huge potential.
Rigetti Computing (Long-term perspective)Recently, I have published short-term view on Rigetti Computing, Inc. This should be a guidence for the long-term (1~2 years).
Rigetti Computing (RGTI) at the bottom?Rigetti Computing (Ticker: RGTI) had been soldoff all the way down to below $2 level with over -80% in 6 months. Now, it is trading at near the balance sheet cash position. Meanwhile, other quantum computing stocks are still trading at 2x ~ 10x their balance sheet cash position. In my opinion, we are at the bottom now. DYOR.
