D-Wave Quantum Inc. (QBTS) moved lower in recent intraday trading amid the emergence of negative signals from momentum indicators. The stock appears to be attempting to build fresh positive momentum that could support a renewed recovery and advance. The latest pullback has brought the stock back to support at a short-term bullish corrective trendline, a development that enhances the prospects for another rebound, particularly if nearby support levels remain intact.

Accordingly, our outlook remains tilted to the upside for the stock's upcoming trading sessions, provided that support at $20.95 holds firm. Under this scenario, the stock is expected to target the $29.00 resistance level.

Today's price forecast: Neutral.