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Stock Of The Day: Reversal Time For Rigetti?
Benzingaยท 2025-09-19 16:41
Group 1 - Rigetti Computing, Inc. (RGTI) shares have experienced significant upward movement, making it the Stock of the Day [1] - The stock is currently considered extremely overbought, indicating a potential reversal may be imminent [1] - Overbought conditions are typically identified through various indicators, including Bollinger Bands, Relative Strength Momentum Indicator (RSI), and Stochastics Indicators [5][6] Group 2 - The Bollinger Band indicates that Rigetti has exceeded the threshold of two standard deviations above the 20-day moving average, suggesting overbought conditions [5] - The RSI shows that the stock is in overbought territory, as the blue line is above the red horizontal line [6] - Stochastics Indicators also confirm overbought conditions, with both blue and green lines above the horizontal red line [6]