Double bottom on Quantum Computing, decline still active
Quantum Computing slips 4.7% despite the double bottom near 7.4
Double bottom on Quantum Computing, decline still active
Our view last week
Quantum Computing shares drop 9.9% this week, with 5 lower daily highs in a row, from the 11 area down toward 8.5: last week's bounce has faded and the decline is back to carving fresh lows. Signal strength reads "downtrend making lower lows, pace holding," and the sell signal climbs to 41st among the 140 US sell signals. This swing trading setup: very high volatility, trading not recommended for new entries.
This week's summary
Quantum Computing carves a clean double bottom in the 7.4 area, with a 12% intraweek rebound - yet the stock still closes the week down 4.7%, the 4th straight week with the sell signal active. This swing trading setup shows buyers in retreat and distribution still underway: the decline is losing steam without stopping. Volatility remains very high, trading not recommended for new entries.
Sell signal in observation
·4th week from start
·US stocks
·T2
·📅 Earnings · Aug 19
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IQS Phase
81
in tension / maturity
Signal Strength
35
decline losing steam
Sizing
REDUCED
Ranking
#76 / 141
US stocks sell signals
Trade P&L %
+17.90%
from signal to today
Rank position
ranks 76th among the 141 sell signals for US stocks in our ranking, with a signal strength of 35 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
QUBT belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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