D Wave Quantum Inc. Stock Rallies to 19.54 on AT&T News, Then Gives It All Back

D-Wave Quantum Inc. stock closed at 16.21 on July 27, deep in bearish territory on the daily chart. Yet an intraday spike to 19.54, fueled by an expanded AT&T partnership, created a sharp structural divide. The daily trend remains negative. The short-term charts tell a different, more conflicted story.

QBTS — daily chart with candlesticks, EMA20/EMA50 and volume.

Key takeaways

• D-Wave Quantum Inc. stock closed at 16.21 on July 27, below its daily pivot of 17.32 and all key moving averages.
• The daily RSI sits at 32.34, approaching oversold, with MACD still widening to the downside.
• An expanded AT&T partnership sparked an intraday spike to 19.54, but the session closed near the low — a bearish rejection.
• On the 1-hour chart, RSI reached 71.72 (overbought), and price sits near the upper Bollinger band at 19.81.
• The daily ATR of 1.34 signals high volatility, making timing critical for both bulls and bears.

D-Wave Quantum Inc. Stock: Daily Bearish Bias Remains Dominant

The daily trend in D-Wave Quantum Inc. stock is unambiguously bearish. Price closed at 16.21 on July 27, well below all three key moving averages. The EMA20 at 19.01, EMA50 at 20.83, and EMA200 at 21.22 are stacked in declining order above price.

Notably, the daily RSI at 32.34 sits near oversold territory without triggering any reversal signal. It reflects sustained selling pressure, not a momentary dip. The MACD confirms the weakness: the line reads -1.84 against a signal of -1.62. The histogram at -0.22 shows the gap between line and signal is still widening.

Meanwhile, Bollinger Bands reinforce the bearish picture. The midline stands at 19.51, while the lower band sits at 14.23. The close at 16.21 lands deep in the lower half of the range. The ATR of 1.34 warns that daily swings are wide. This is not a low-volatility consolidation but an active downtrend.

Pivot levels add further confirmation. The daily pivot sits at 17.32, with S1 at 15.10 and R1 at 18.43. Closing below the pivot means bears controlled the session outright. A sustained move back above 17.32 would be the first meaningful signal of any recovery attempt.

The AT&T Catalyst: News Spike, Structural Rejection

The intraday recovery from the 16.21 low has a clear catalyst. D-Wave’s expanded agreement with AT&T — integrating quantum technology into AI-powered network operations — broke on July 27. The reported 240x speed boost framing attracted immediate attention.

By the 15:30 hour, QBTS had pushed back to 19.50. Volume reached nearly 4 million shares in that single hour alone. However, the daily candle tells the fuller story. Despite the intraday recovery to 19.54, price closed the session at 16.21.

The high was rejected hard. Buyers showed up on the news, but sellers were clearly waiting above. The daily close at the low of the range is, structurally, a bearish signal — regardless of the intraday narrative.

Hourly Momentum vs. Medium-Term Resistance

On the 1-hour chart, the picture has flipped. The regime is neutral, but momentum indicators are firmly bullish in the short window. The 1H RSI reached 71.72 — technically overbought.

The MACD shows a line of 0.49 against a signal of 0.20. The positive histogram at 0.29 confirms a clean bullish cross with expanding momentum. Price at 19.50 sits above the 1H EMA20 at 17.99 and EMA50 at 17.86, adding short-term structural support.

However, the 1H EMA200 at 20.50 remains above price. That is a reminder the medium-term downtrend is not resolved, even on this faster chart. The 1H Bollinger upper band at 19.81 now represents nearby resistance.

At overbought RSI levels with price near the upper band, the risk of a short-term fade is elevated. Pivot structure shows R1 at 19.65 and S1 at 19.25. The band is tight. Any hourly close below 19.25 would signal fading intraday momentum.

15-Minute Execution: Bullish But Losing Steam

The 15-minute chart is the only timeframe showing a bullish regime classification. All three EMAs are stacked bullishly below the current price of 19.50. However, momentum signals suggest the buying impulse is stalling.

The EMA20 at 18.81, EMA50 at 18.17, and EMA200 at 17.79 all sit beneath price. The RSI reads 70.08, echoing the overbought condition on the hourly chart. Notably, the MACD histogram has turned slightly negative at -0.01.

The MACD line at 0.38 sits fractionally below its signal at 0.39. This does not invalidate the bullish structure. But it does warn that buying pressure is fading at current levels. The Bollinger upper band at 19.34 has already been breached — a short-term overextension signal.

For execution, the 15-minute chart suggests consolidation or a pullback is likely before another leg higher. The pivot R1 at 19.63 is the next overhead test.

D-Wave Quantum Inc. Stock: Bullish vs. Bearish Scenarios

A sustained recovery in D-Wave Quantum Inc. stock faces a steep technical hurdle. The bearish daily structure remains the path of least resistance — but the AT&T partnership provides a genuine fundamental anchor for bulls.

What the Bullish Case Requires

The bull case starts with reclaiming the daily pivot at 17.32 on a closing basis. From there, R1 at 18.43 becomes the next target. Above 19.00, QBTS would be back above its daily EMA20 — the first real structural test. A multi-session close above that level would signal the bearish trend is genuinely challenged.

Therefore, the daily RSI needs to climb back above 40. The MACD histogram must stop expanding to the downside. Q2 earnings could shift the narrative meaningfully if they show commercial momentum consistent with the AT&T deal.

Why the Bearish Case Still Dominates

On the other hand, the daily structure remains the dominant frame. The intraday spike to 19.54 was sold aggressively. The session closed at its low of 16.21. That kind of wick rejection at the top of the daily range is a classic distribution pattern.

A return to daily S1 at 15.10 is the logical bearish extension. The lower Bollinger band at 14.23 represents a wider extreme if selling accelerates. Given the EMA stack, the MACD configuration, and the close below the pivot, the path of least resistance remains downward.

Volatility and Positioning: What to Watch

QBTS is not a low-risk environment. The daily ATR of 1.34 on a stock in the mid-to-high teens translates into substantial percentage swings. Timing matters enormously when a bearish daily trend collides with sharp news-driven intraday moves.

Overall, the burden of proof lies with the bulls. The daily bias has not shifted. A single news spike does not erase a sustained downtrend. Q2 earnings will be the next major binary event.

Until then, the daily structure should be respected. Intraday traders may find opportunity in short-term momentum. But the broader trend remains a headwind for QBTS.

FAQ

What is driving D-Wave Quantum Inc. stock’s intraday recovery?

The expanded AT&T partnership, announced on July 27, triggered the spike. The deal integrates D-Wave’s quantum technology into AT&T’s AI-powered network operations with a reported 240x speed boost.

Is the daily trend in D-Wave Quantum Inc. stock bullish or bearish?

The daily trend is firmly bearish. QBTS closed at 16.21 on July 27, below its EMA20 (19.01), EMA50 (20.83), and EMA200 (21.22). The daily RSI sits at 32.34 and MACD is still widening to the downside.

What are the key support and resistance levels for QBTS?

Key support sits at the daily S1 of 15.10, with the lower Bollinger band at 14.23 as an extreme target. Resistance starts at the daily pivot of 17.32, then R1 at 18.43, and the daily EMA20 near 19.00.

What should traders watch next in D-Wave Quantum Inc. stock?

Q2 earnings are the next major binary event. In the near term, watch whether QBTS can hold above the daily pivot at 17.32. A multi-session close above the daily EMA20 near 19.00 would be the first structural challenge to the bearish trend.

Disclaimer: This article is for informational purposes only and does not constitute financial advice, an investment recommendation, or a solicitation to buy or sell any financial instrument or cryptocurrency. The analysis provided is not indicative of future results. Investing in crypto assets and financial markets carries a high risk of capital loss. Always do your own research (DYOR) and consult a qualified financial advisor before making any decision.

Article produced with the assistance of artificial intelligence and reviewed by the editorial team.