Rigetti Computing: the week volume flow flips
Rigetti Computing (RGTI) bounces 5.7% as buyers retake the tape
Rigetti Computing: the week volume flow flips
Our view last week
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.
This week's summary
Rigetti Computing bounces 5.7% and buyers retake control of weekly volume, 61% versus last week's 99% on the sell side: it's the follow-through on the double bottom in the 14 area flagged last week. Cash flow keeps worsening and momentum stays negative, a signal still to be confirmed in the coming sessions. Earnings land this week, on August 6, with volatility already elevated.
IQS Phase
72
in tension
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#128 / 138
US stocks
Trade P&L %
+18.57%
from signal to date, no stop loss
Rank position
ranks 128th among the 138 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
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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