Qbts price predicted

D-Wave Quantum Inc. (QBTS) Price Prediction:

1. Current Price and Recent Performance:
   • As of November 14, 2024, the closing price of QBTS is $1.87.
   • The stock has experienced a 5.06% increase, which is notable and could indicate positive market sentiment.

QBTS Trend

2. Analyst Ratings and Price Targets:
   • Analysts have set an average 12-month price target of $2.00, with a high forecast of $4.00 and a low forecast of $1.52.
   • This suggests that analysts believe the stock has room to grow from its current price.
3. Technical Indicators:
   • The stock's Relative Strength Index (RSI) is at 83.97, which is considered oversold and may indicate a price correction rather than further gains.
   • The Moving Average Convergence Divergence (MACD) is 0.14, and the KDJ indicator is at 88.57, both of which suggest that the stock may be overbought and could experience a pullback.
   • The Bollinger Bands are at 1.28, which does not provide a clear indication of whether the stock is overvalued or undervalued.

QBTS Trend

4. Market Sentiment and Outlook:
   • The Fear & Greed Index is at 39 (Fear), which suggests that investors are cautious and may be anticipating a market pullback.
   • The 50-Day SMA is $1.0671, and the 200-Day SMA is $1.29259, both of which are below the current price, indicating a potential upward trend.

QBTS Trend

5. Recent News and Insights:
   • D-Wave Quantum has been recognized as an "Awardable" vendor by the U.S. Department of Defense, which could potentially lead to increased government contracts and revenue.
   • The company has also participated in the Quantum Technologies Forum, showcasing its quantum innovations and strengthening its partnerships, which could positively impact its market position.

In conclusion, while the current technical indicators show that the stock may be overbought, the positive analyst ratings, the recent increase in price, and the potential for government contracts suggest that QBTS could have a bullish outlook in the short to medium term. However, investors should exercise caution due to the oversold conditions indicated by the RSI and the Fear & Greed Index. The stock's price is predicted to have a potential upside, with the average price target suggesting a higher value than the current price.