Rigetti Computing: the decline regains momentum
Rigetti Computing drops 7.8% as the decline goes back to making fresh lows
Rigetti Computing: the decline regains momentum
Our view last week
Rigetti Computing is in week 2 of a sell signal, and the week closed down 2.3%. Signal strength falls to 32 out of 100: a decline losing steam, holding its pace without accelerating. The stock ranks 80th among the 137 US stock sell signals, with trading not recommended per our model.
This week's summary
Rigetti Computing's shares drop 7.8% this week: the daily technical analysis chart shows a fifth straight lower high, and sellers dominate almost all the trading. The sell signal, in its third week, reads signal strength as "decline starting to make lower lows": the decline is regaining momentum. The short is already close to 10% in profit, but the quality band flags trading as not recommended for anyone looking to open a new one.
Sell signal in observation
·3rd week from start
·US stocks
·T2
·📅 Earnings · Aug 6
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IQS Phase
83
in tension / maturity
Signal Strength
29
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#47 / 137
US stocks sell signals
Trade P&L %
+9.91%
from signal to today
restricted Platinum content