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D-Wave Quantum price rallies – Forecast today

Stock Analysis

D-Wave Quantum’s stock price (QBTS) rallied in latest intraday trading, benefitting from trading above the 50-day SMA, which bolsters the positive momentum and confirms the strength of the dominant upward trend in the short term, especially as the price moves alongside an upward trend line. 

 

The Stochastic started showing positive divergence after reaching oversold levels compared to the price’s movements, underpinning the stock even further. 

 

Therefore we expect more gains for the price, targeting the resistance of $22.65, provided the support of $15.15 holds on.

 

Today’s price forecast: Bullish

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