Rgti buying time now

**Rigetti Computing (RGTI) is currently at a critical juncture**, and the decision to buy should be based on a comprehensive analysis of various factors: 1. **Recent Achievements and Market Response**: Rigetti has achieved a significant milestone with 99.5% median two-qubit gate fidelity on its 36-qubit system, which could lead to increased investor confidence. The company's stock surged by 30% following this announcement. 2. **Strategic Collaborations and Funding**: Rigetti's partnership with Quanta Computer is a strategic move to accelerate superconducting quantum computing. This collaboration, along with substantial funding, positions the company for future growth. The company's strong liquidity position, with approximately $575 million in cash and no debt, supports its ability to fund technical milestones. 3. **Technical Indicators**: The stock's recent performance shows a strong buy signal based on moving averages. The 20-Day, 10-Day, and 5-Day moving averages are $13.18, $14.45, and $15.93, respectively. The stock is also trading above these averages, indicating a bullish trend. |code|Ticker|Name|Date|Moving Average|market_code| |---|---|---|---|---|---| |RGTI|RGTI.O|Rigetti Computing|20250721|15.9320|186| 4. **Resistance and Support Levels**: The stock has a resistance level at $17.39 and a support level at $12.08. Currently, the stock is trading closer to the resistance level, which could indicate a potential for a pullback. However, the proximity to the support level also suggests a floor for the stock price. |code|Ticker|Name|Date|Support Level|Resistance Level|market_code| |---|---|---|---|---|---|---| |RGTI|RGTI.O|Rigetti Computing|20250721|12.0800|17.3900|186| 5. **Market Sentiment and Analyst Ratings**: The consensus among analysts is positive, with a strong buy rating and a buy recommendation from various firms. This sentiment could drive the stock higher in the short term. 6. **Volatility and Risk**: Rigetti's stock is highly volatile, which can be both an opportunity and a risk. The stock's 52-week price range shows a significant increase from $0.66 to $21.42, indicating potential for substantial gains but also significant losses. 7. **Long-Term Growth Prospects**: The quantum computing industry is rapidly evolving, and Rigetti's advancements could position it for significant market leadership. The company's focus on scalability and fidelity in quantum operations is crucial for long-term success. **In conclusion, if you are looking for a speculative investment in a high-growth sector with substantial potential for technical and fundamental improvements, now might be a considered buying time for RGTI.** However, it's important to align this decision with your risk tolerance, investment horizon, and overall portfolio strategy. Given the current technical indicators and market sentiment, RGTI could be a strong candidate for a buy, especially for investors who believe in the long-term potential of quantum computing.