Rigetti Computing's 15-minute chart has triggered a narrowing of Bollinger Bands, accompanied by a KDJ Death Cross at 07/11/2025 15:45. This signals a decrease in the magnitude of stock price fluctuations and a shift in momentum towards the downside, with potential for further decrease.
Rigetti Computing, Inc. (RGTI) experienced a notable shift in its stock price dynamics during the latest trading session. The company's 15-minute chart exhibited a narrowing of Bollinger Bands, accompanied by a KDJ Death Cross at 07/11/2025 15:45. This technical indicator suggests a decrease in the magnitude of stock price fluctuations and a shift in momentum towards the downside, potentially signaling further decreases in the stock's value.
The narrowing of Bollinger Bands indicates a reduction in volatility, which can be a precursor to a change in the stock's trend. The KDJ Death Cross, a signal that occurs when the K and D lines of the KDJ indicator cross below each other, typically signifies a bearish trend. This combination of indicators suggests that Rigetti Computing's stock may be entering a period of consolidation or a downward trend.
Rigetti Computing, Inc. closed at $13.03 in the latest trading session, marking a -3.55% move from the previous day. This move lagged the S&P 500's daily gain of 0.28%. The company's shares have appreciated by 7.91% over the past month, outperforming the Computer and Technology sector's gain of 6.2% and the S&P 500's gain of 4.37%. However, the upcoming earnings disclosure on July 11, 2025, is expected to report earnings of -$0.06 per share, indicating a year-over-year growth of 14.29%.
The company's revenue is projected to be $1.91 million for the quarter, a 38.19% decrease compared to the same quarter of the previous year. For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.05 per share and a revenue of $8.78 million, signifying shifts of +86.11% and -18.63%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Rigetti Computing, Inc. The Zacks Rank system, which integrates these estimate changes, currently rates Rigetti Computing, Inc. as a Zacks Rank #4 (Sell). The Internet - Software industry, to which Rigetti Computing belongs, carries a Zacks Industry Rank of 62, placing it within the top 26% of over 250 industries.
References:
[1] https://finance.yahoo.com/news/rigetti-computing-inc-rgti-stock-220004534.html
[2] https://finance.yahoo.com/news/rgti-quantum-breakthroughs-keep-rigetti-123715124.html
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