D-Wave Quantum Inc. (QBTS) stock declined in its recent intraday trading, as the stock attempts to gather positive momentum that could help it recover and rise again, while also trying to relieve its clearly overbought Stochastic conditions, especially with emerging bearish signals, amid continued positive support from trading above the 50-day simple moving average, and under the control of a prevailing upward trend over the medium and short term with price action moving along both major and minor ascending trendlines, indicating the stability of this trend.

Therefore, we expect the stock to rise in upcoming trading sessions, as long as support at $15.15 holds, targeting the resistance level at $22.65.

Todays price forecast: Bullish.