The decline slows, but the signal stays active
D-Wave Quantum gains 11.5% as the sell signal loses steam
The decline slows, but the signal stays active
Our view last week
A double bottom in the 16 area is putting the brakes on D-Wave Quantum stock's decline: after last week's plunge, the stock closes down 3.1% but bounces 12% off the lows, even as sellers stay in control and distribution continues. Signal strength drops to 34 out of 100 — a decline losing steam — and the signal slips to 80th among the 141 US sell signals, with the short already more than 19% in profit.
This week's summary
D-Wave Quantum bounces 11.5% this week: sellers lose ground, bearish dominance fades and distribution, though still pronounced, no longer finds confirmation in volume. Sell signal strength drops to 3 out of 100, a sign the decline is running out of steam. Earnings are due this very week, on August 6th: extra risk on an already highly volatile stock.
Sell signal in observation
·4th week from start
·US stocks
·T2
·📅 Earnings · Aug 6
★ See Gold version →
IQS Phase
70
in tension
Signal Strength
3
decline losing steam
Sizing
MINIMUM
Ranking
#100 / 138
US stocks sell signals
Trade P&L %
+10.00%
from signal to date, no stop loss
Rank position
ranks 100th among the 138 sell signals for US stocks in our ranking, with a signal strength of 3 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
QBTS belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
restricted Platinum content