D-Wave Quantum Inc. (QBTS) extended its gains in its latest intraday trading, confirming the breakout above the key resistance level of 20.50. The stock remains under the control of a medium-term uptrend while trading along a supporting trend line, further reinforced by sustained movement above the 50-day SMA. However, RSI indicators show an emerging bearish crossover after reaching heavily overbought levels, which could limit further upside momentum.

Therefore, we expect the stock to continue rising in the upcoming sessions, as long as it holds above 20.50, targeting the next resistance level at 30.00.

Todays price forecast: Bullish.