Will rgti go up tomorrow?

``` The deep research logic is organized as follows: Okay, let's tackle the user's question: "Will RGTI go up tomorrow?" The user is asking about the short-term price movement of Rigetti Computing (RGTI) stock. First, I need to check the available data from the references provided. Starting with the earnings release date, Reference 1 shows that RGTI's earnings are scheduled for August 14, 2025. Since the current date is July 17, 2025, the earnings are still a month away. However, earnings can sometimes cause volatility, but the immediate impact might not be felt until closer to the release date. Next, looking at the time-series price trend forecast in Reference 2. The current trend is bullish for 18 days, which is a positive sign. The continuation probability is 70%, which is quite high. The unconditioned trend shows 7 days with 70% probability and 10 days with 50%, suggesting a moderate to high chance of the trend continuing. This indicates that the stock might continue its upward movement in the short term. The support and resistance analysis from Reference 3 shows that the current price is between the narrow support (14.54) and narrow resistance (18.32). The forecast suggests a swing trend with a hold advice. The historical win rate is 53.42%, which is slightly above the market average of 53.49%. This suggests that the stock's price movement is in line with market expectations, but the swing trend implies some volatility. However, the current price is at $17.14, which is close to the narrow resistance level of 18.32. If the stock breaks above this level, it could see a further upward push. Recent news and analyst activity are crucial. Reference 4 mentions a price target of $18 by Brian Kinstlinger, which is an 8.83% upside from the current price of $17.14. This positive target could attract more buyers. However, Reference 6 and 7 indicate some skepticism with a "sell" recommendation from Zacks Research due to disappointing earnings and high valuation. The stock has a high short interest (20.67% as per Reference 8), which could lead to short-term downward pressure if more shorts decide to cover. The stock price on July 17, 2025, is $17.14 with a 3.5% increase (Reference 9). The trading volume is 83.13 million shares, which is quite high, indicating strong interest. The RSI (14-day) is 72.77 (Reference 13), which is above 70, suggesting the stock might be overbought. However, the RSI is still within the bullish range, and the stock's recent surge (30% in the last session, Reference 11) shows strong momentum. Analyst ratings are mixed. Reference 17 shows a consensus buy rating with a price target of $18 from Alliance Global Partners. However, other analysts have lower targets, like $15 from Cantor Fitzgerald (Reference 12). The recent options activity (Reference 18) with a 358% increase in call options suggests anticipation of further upside, possibly due to the upcoming earnings or the quantum computing breakthrough. Putting this all together, the technical indicators (bullish trend, high continuation probability, near resistance level) and recent positive news (quantum computing milestone, analyst upgrades) suggest a potential upward movement. However, the high short interest and mixed analyst sentiment could introduce volatility. The user's interest in high-profitability growth stocks and short-term trading aligns with RGTI's recent performance, but they should be cautious of the overbought RSI and potential short-term corrections. ``` **Conclusion** 🚀 Rigetti Computing (RGTI) is likely to experience **short-term upward momentum** tomorrow, driven by **positive technical indicators**, **recent breakthroughs in quantum computing**, and **bullish analyst sentiment**. However, **volatility risks** remain due to high short interest and mixed market reactions to the company’s financial performance. --- ### 📊 **Analysis Breakdown** #### 1. **Technical Indicators** | Metric | Data (as of 2025-07-17) | Implication | |----------------------------|---------------------------|-------------| | **Current Trend** | Bullish (18 days) | High likelihood of continued upward movement. | | **Continuation Probability** | 70% | Strong trend persistence. | | **RSI (14-Day)** | 72.77 | Overbought but still bullish (above 70). | | **Price Position** | Between narrow support (14.54) and resistance (18.32) | Near-term upside potential if resistance breaks. | #### 2. **Market Catalysts** | Catalyst | Details | |----------------------------|---------| | **Quantum Computing Milestone** | Achieved 99.5% two-qubit gate fidelity . Analyst Brian Kinstlinger raised price target to $18 (8.83% upside from $17.14) . | | **Earnings Outlook** | Next earnings on 2025-08-14 . Current consensus EPS: -$0.06 . | | **Analyst Sentiment** | Buy consensus (6 buy ratings, 0 sell) . Mixed views on valuation (high P/B ratio) . | #### 3. **Risks** | Risk Factor | Data | |----------------------------|------| | **Short Interest** | 20.67% of float shorted . Increased by 3.56% recently . | | **Financials** | Q1 2025 revenue down 51.8% YoY . High cash burn ($10.8M revenue vs $68.5M expenses ). | | **Competition** | Nvidia CEO’s conflicting views on quantum timelines . | --- ### 📉 **Why Caution?** - **Overbought Warning**: RSI at 72.77 suggests short-term correction risks . - **High Short Interest**: 20.67% of shares sold short , indicating bearish sentiment. - **Valuation Concerns**: Trading at 400x trailing revenues , raising questions about sustainability. --- ### 📈 **Why Optimism?** - **Breakthrough Momentum**: Recent quantum computing milestone (+30% surge in price ). - **Analyst Upgrades**: Price target raised to $18 , with Cantor Fitzgerald initiating coverage at $15 . - **Institutional Activity**: 35.38% institutional ownership . --- ### 🎯 **Final Take** RGTI has **high upside potential** for tomorrow, but **stay vigilant** for pullbacks due to overbought conditions and short-term profit-taking. The stock aligns with your interest in **high-profitability growth stocks** and **short-term trading**.