D-Wave Quantum Inc. (QBTS) Stock Price & Analysis
Market: NYSE • Sector: Technology • Industry: Computer Hardware
D-Wave Quantum Inc. (QBTS) Profile & Business Summary
D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Launch, a quantum computing onboarding service; Ocean a full suite of open-source programming tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community. It also provides D-Wave Launch, a quantum professional service that guides enterprises from problem discovery through in-production application deployment. The company's quantum solutions are used in artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. It serves manufacturing and logistics, financial services, life sciences, and other industries. D-Wave Quantum Inc. is based in Burnaby, Canada.
Key Information
| Ticker | QBTS |
|---|---|
| Exchange | NYSE |
| Official Site | https://www.dwavesys.com |
Market Trend Overview for QBTS
One model, two time views: what the market looks like right now, and where the larger trend is heading over time.
SRE (WhaleQuant Structural Regime Engine) SRE evaluates how price structure evolves across daily and weekly timeframes to define the prevailing market regime. Beyond identifying trends, consolidations, and exhaustion phases, it distinguishes between raw structural strength and deployable participation quality. The model dynamically adjusts for structural context and extension risk, assessing whether conditions are supportive, stretched, fragile, or structurally impaired. Its purpose is not to forecast precise price levels, but to determine whether risk deployment is aligned with underlying market structure.
Longer-Term Market Trend (Mid to Long Term)
Shows the bigger market trend, how strong it is, and where risks may start to build over the next few weeks or months. — Updated as of 2026-10-13 (ET)
As of 2026-10-13, QBTS is showing signs of slowing down. Over the longer term, the trend remains bullish.
QBTS last closed at 13.38. The price is about 0.5 ATR below its recent average price (14.48), and the market is currently in a trend that may be losing strength. Price at 13.38 is near minor support around 12.05. Momentum may slow, while minor resistance sits near 14.71. View Support & Resistance from Options
Short-term weakness is unfolding within a broader uptrend, suggesting a pullback rather than a full trend reversal.
Trend score: 55 out of 100. Overall alignment is unclear. The market is currently in a late-stage trend that may be losing strength. The longer-term trend is still positive, but short-term signals are not yet confirming it.
There is no clear key risk boundary right now.
On 2026-08-26, trend conditions deteriorated, suggesting that moves in the prior direction became less dependable.
[2026-09-14] Price moved quickly and looked strong, but participation was limited.
Recent price action continues to trend lower in a relatively orderly manner, with no clear signs of structural stabilization yet emerging.
Closing activity showed limited conviction and did not suggest strong overnight positioning.
The model does not deploy the setup because the current position looks stretched and more vulnerable to pullback or digestion.
The model does not deploy this setup because pullback risk is 75%, entry geometry is unfavorable at the current location, price is still close to a gamma transition zone, recent price behavior has shown failed reversal memory, and the setup already looks stretched. Predictability is 38%, agreement is 93%, and reversal risk is 42%.
NOTE: This next-day up/down probability forecast module is still being tested for accuracy. Please do not rely on it for investment decisions. The model does not account for black swan events or company-specific fundamental news, and its estimates are based solely on technical conditions, capital flow, and market sentiment. View forecast history
This estimate uses 1-minute price, volume, and VWAP data from the last 58 trading days, with turnover-based decay. The sample period is 2026-07-23 to 2026-10-13. The current price is 13.38, 21.36% below the estimated average cost of 17.02. An estimated 0.1% of recent positioning is below the current price, while 99.8% is above it. The peak-density price is 16.82. The largest concentrated cost region is 16.25 to 18.17 and contains 55.7% of the estimated distribution. The nearest region above the current price is 13.39 to 13.51.
Short Interest & Covering Risk for QBTS
This analysis looks at overall short interest positioning, focusing on the broader setup rather than short-term noise.
Shows how likely a short squeeze may be under current market conditions.
Short Exposure Percentile
Short interest is within its typical range, with no clear imbalance between buyers and sellers. (Historical percentile: 51%)
Structure Analysis
QBTS Short positioning is starting to look crowded. Current days to cover is 4.2 trading days, meaning short positions would unwind more slowly than usual. Short covering could add extra momentum to price moves. Price is already trending lower (20D return -18.5%). The current configuration reflects active downside pressure rather than latent structural fragility.
Risk Summary
No clear bull trap characteristics detected. Recent price behavior remains broadly consistent with current positioning.This reading helps confirm that current price action remains structurally healthy and does not indicate elevated trap risk.
Why Price Reactions May Be Stronger?
Days-to-Cover is elevated versus its own history, but absolute short interest remains moderate. In the latest reporting period, short interest continues to increase. Price action is compressing (range is tightening), which can make breaks more sensitive. Adaptive thresholds applied to liquidity weakness, near-high detection, and compression sensitivity. As a result, similar news or market events could lead to price moves about 2× larger than usual.
Note:
Short interest data is reported every two weeks by
FINRA.
The most recent snapshot is
2026-09-30 (ET).
Because this data updates slowly, it is not intended to predict short-term price moves. Instead, it helps describe longer-term market structure and where pressure may be building if prices begin to move.