Quantum Computing Stock Back Near Familiar Support

Rigetti is testing multiple lines of support

Jun 26, 2026 at 12:00 PM

RGTI

Subscribers to Schaeffer's Weekend Trader options recommendation service received this RGTI commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.

Rigetti Computing Inc (NASDAQ:RGTI) briefly dipped below the $20 level before reclaiming it and closing back above its April and May closing highs. The $20 level also carries significant put open interest (OI), which could be supportive in the near term.

Short covering could provide an additional tailwind. Short interest has increased 23.2% over the last month and now represents 19.02% of the stock’s available float.

rgti

The stock also tested the lower boundary of a recent uptrend while finding support at its 50-day moving average, a signal that has historically been associated with positive monthly returns.

Our recommended call has a leverage ratio of 3.0 and will double on a 36.7% rise in the underlying equity.

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