Rigetti Computing drops 14.7% as the decline speeds up
Rigetti Computing drops 14.7%: the downtrend keeps making lower lows
Rigetti Computing drops 14.7% as the decline speeds up
Our view last week
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.
This week's summary
Rigetti Computing shares drop 14.7% this week, stretching the sequence of daily lower highs to five, from the 23 area toward the 16 area. Signal strength climbs to 73 out of 100 and reads "downtrend making lower lows, pace holding": the decline is picking up speed from last week. Sellers remain firmly in control and volatility is very high. The short is already more than 23% in profit, but the quality band flags trading as not recommended for anyone looking to open a new one.
Sell signal in observation
·4th week from start
·US stocks
·T2
·📅 Earnings · Aug 6
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IQS Phase
74
in tension
Signal Strength
73
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#33 / 140
US stocks sell signals
Trade P&L %
+23.15%
from signal to today
restricted Platinum content