IONQ Price Prediction Next Week
Technical Analysis: Based on recent price action, IONQ has shown a significant decline from its recent high of $38.58. The RSI-14 at 46.08 indicates neutral momentum but trending towards oversold territory. The MACD shows a bearish crossover with a negative histogram (-0.48), suggesting short-term downward pressure.
Support and Resistance Levels:
- Key Fibonacci levels indicate:
- Strong resistance at $43.47 (R1)
- Critical support at $37.30 (S1)
- Secondary support at $35.40 (S2)
News Impact:
- SoftBank's recent exit from IONQ holdings could create selling pressure
- IONQ is positioned among emerging tech competitors challenging established players, showing potential for growth in quantum computing sector
Price Prediction for Next Week: Based on technical indicators and recent news:
- Most likely scenario (60% probability): Price range between $35.40-$37.30
- Target price: $36.50
Trading Recommendation: SELL with the following parameters:
- Entry: Current price ($37.42)
- Stop loss: $38.60 (above recent resistance)
- Take profit: $35.40 (S2 level)
Rationale:
- Bearish MACD crossover
- Recent institutional selling pressure
- Price breaking below key support levels
- Declining momentum indicated by RSI
IONQ Similar Chart Price Prediction
The price of IONQ is predicted to go up -0.88%, based on the high correlation periods with OBT. The similarity of these two price pattern on the periods is 91.27%.
IONQ
OBT
Down: -0.88%Similarity: 91.27%
