Rigetti Computing, the decline stalls
Rigetti Computing rises 0.3% and slows the decline, but sellers stay in control
Rigetti Computing, the decline stalls
Our view last week
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.
This week's summary
After last week's 14.7% slide, Rigetti Computing closes this week almost flat, but sellers still firmly control the tape: 99% of weekly volume is on the sell side. Near the 14 area a double bottom formed with an intermediate 12% rebound, though buyers show little conviction. Cash flow stays deep in negative territory and the ADX keeps falling for a fourth straight week: the trend is losing conviction.
IQS Phase
79
in tension
Signal Strength
32
decline losing steam
Sizing
REDUCED
Ranking
#86 / 141
US stocks
Trade P&L %
+22.93%
from signal to today
Rank position
ranks 86th among the 141 sell signals for US stocks in our ranking, with a signal strength of 32 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
RGTI belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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