Rigetti Computing, Inc. (RGTI)

Rigetti Computing, Inc. is trading at $14.99, down 4.28% on the session. The 50 day average sits at $16.95 and the 200 day at $19.59, which puts the stock in a downtrend. RSI is at 43.9, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $13.41 with resistance near $16.12, so that band frames the current range. Average daily movement is roughly $1.18, or about 7.9% of the share price, which is what any stop placement has to allow for. The overall health score of 26 out of 100 combines a trend score of 16, momentum of 36 and a risk score of 28.

Rigetti Computing, Inc., through its subsidiaries, builds and operates quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally. The company offers quantum processing units (QPUs) and quantum computing systems to provide access to quantum computing systems through the cloud in the form of quantum computing as a service (QCaaS). It provides Novera, a 9-qubit chip QPU that features tunable couplers for fast two-qubit operations and a 5-qubit chip for testing single-qubit operations; Novera QPU that is based in fourth generation Ankaa-class architecture; 36-qubit Cepheus-1-36Q system, a multi-chip quantum computer; and 84-qubit Ankaa-3 quantum computer. The company also sells access to its quantum computers through QCaaS. In addition, the company offers Rigetti quantum cloud services, a platform that provides support for various range of programming capabilities, public or private clouds integration, and connectivity, as well as quantum operating system software that supports public and private cloud architectures. Further, it offers QCS Outpost, a distributed software environment for operating, administering, and monitoring the overall system; Rigetti Foundry Services that delivers superconducting quantum chips to advance and accelerate quantum information science and technology research and development; and professional services, such as algorithm development, benchmarking, quantum application programming, and software development. The company serves commercial enterprises, government organizations, and international government entities, as well as academia, defense laboratories, and national laboratories. Rigetti Computing, Inc. was founded in 2013 and is headquartered in Berkeley, California.