Scam It.Looks like this correction is near done and we're about to scam higher - let's hope one of these legs goes higher than anticipated NVDA style.
IONQ trade ideas
ION Q-IS THIS HARD TO IMITATE TO CREATE FUTURE COMPETITION?19JUN23
This is just a basic search of this company (links below) and marked peaks and floors on the chart.
www.bing.com
finance.yahoo.com
Easy...Not much to say really...setup looks decent could go parabolic and morph into an extended move.
$IONQ Leading The PackWith quantum computing becoming a hot topic, IonQ, Inc. (NYSE: IONQ) has been making strides this year with IONQ stock up 166% YTD. After hitting its Algorithmic Qubit (AQ) target for 2023 in Q1 and publishing a paper on modeling human cognition using quantum computing, IONQ could be on track to become an undisputable industry leader. In light of this, IONQ stock could be one of the best quantum computing stocks to buy in 2023.
IONQ Fundamentals
IONQ’s Roadmap
Hitting the 29 AQ target this early marks the end of phase 1 of IONQ’s roadmap with 9 months to spare. Traditional computers are expected to double in power every 2 years, but with every new AQ that IONQ adds, the power of its systems roughly doubles in power. With IONQ reaching 29 AQ in Q1 2023, that means that IONQ’s systems double in power almost every month to reach a 16-fold increase in computational power.
IONQ’s next target is 35 AQ which will represent a 64-fold increase in computational power. In this way, IONQ will be able to work on quantum machine learning and artificial general intelligence (AGI).
In addition, IONQ completed the construction of its second Aria-class quantum computer Aria 2 which will join Aria 1 on the public cloud this quarter. It is worth noting that IONQ has the most powerful commercially available quantum computer in the market, which makes it the first destination for institutions looking to utilize quantum computation.
That is extremely important for IONQ since the quantum computing market is forecasted to grow to $4.7 billion by 2029. If IONQ is able to attract the majority of this market, the company could be in a prime position to grow financially which would reflect on the IONQ stock price.
New Partnerships
Hence the new partnership with the United Arab Emirates Quantum Research Center makes sense for both sides as the UAE is exploring how quantum computing can give it a competitive edge. IONQ also entered a new enterprise partnership last April with BearingPoint, the global management and technology firm.
These new partnerships may be the reason why IONQ has increased its revenue forecast for the full year from $18.4 million to $18.8 million to $18.8 million to $19.2 million, especially since IONQ beat its Q1 revenue estimates by 13%. Additionally, IONQ forecasts its Q2 revenue to be between $4.1 million and $4.5 million. With the company continuing to grow its AQ at a rapid pace, IONQ could beat its own estimates since it could secure more lucrative deals this year.
IONQ Financials
In its Q1 2023 report, IONQ’s assets decreased 2% QoQ from $597 million to $587 million and its cash and cash equivalents increased almost 16% QoQ from $44 million to $51 million. IONQ’s total liabilities decreased 16% QoQ from $35.6 million to $29.7 million.
In terms of revenues, IONQ witnessed a 120% YoY increase from $1.9 million to $4.3 million. Meanwhile, operating costs increased by 60% from $20 million to $32 million. As a result, operating loss increased nearly 55% YoY from $18 million to $28 million which amounted to a net loss of $27 million – a 538% increase YoY.
Technical Analysis
IONQ stock’s trend is neutral with the stock trading in a sideways channel between $9.15 and $11.06. Looking at the indicators, the stock is trading below the 21 and 50 MAs, which are bearish indications and is trading above the 200 MA which is a bullish indication. Meanwhile, the RSI is oversold at 29 and the MACD is approaching a bullish crossover.
As for the fundamentals, IONQ stock’s latest catalyst was its earnings earlier in May. As for future catalysts, IONQ reaching the 35 AQ milestone will be a huge catalyst since it will enable it to start working in quantum computing machine learning and its Q2 earnings will be another catalyst to see if the company is able to continue growing its revenues. In that case, the current PPS could prove to be a good entry point considering that IONQ is trading near support.
IONQ Forecast
As of Q1 2023, IONQ is ahead of its roadmap targets since it reached the year’s target of 29 AQ 9 months earlier. Moreover, the quantum computing market is forecasted to reach $4.7 billion by 2029 which would see IONQ as the main beneficiary as it is one of the largest players in the quantum computing space. IONQ has also made new partnerships with the United Arab Emirates Quantum Research Center and BearingPoint, further cementing IONQ’s position as a leader in the quantum computing sector. IONQ stock is currently one of the most exciting quantum computing stocks and is certainly worth keeping an eye on.
IONQ | InformativeNYSE:IONQ
Fundamental Analysis for IONQ:
IONQ is a leading quantum computing company that specializes in trapped-ion technology. Quantum computing is a highly promising field with immense potential for groundbreaking technological advancements. IONQ has become a key player, attracting significant investments and partnerships from renowned organizations.
IONQ's unique trapped-ion technology offers advantages in terms of stability and scalability, differentiating it from competitors. The company went public through a SPAC merger, providing additional capital and increased market exposure. However, it is important to note that the quantum computing industry is still in its early stages, and commercial applications are yet to be fully realized. The industry faces technical challenges and intensifying competition.
In summary, while IONQ exhibits promise as a quantum computing company, investors should consider the risks and uncertainties associated with the industry's nascent stage. Monitoring technological advancements, market adoption, and partnerships will be crucial in assessing its long-term growth potential.
Technical Analysis for IONQ:
Based on the support and resistance levels, if IONQ breaks above the bullish line of 9.91$, it may indicate a bullish signal and potential upward price movement. In this scenario, the first target price (TP1) could be set at 10.50$, while the second target price (TP2) could be set at 11.13$.
On the other hand, if IONQ breaks down below the bearish line of 9$, it may suggest a bearish signal and potential downward price movement. In this case, the first target price (TP1) could be set at 7.12$, and the second target price (TP2) could be set at 6$.
$IONQ Fibonacci Resistance NYSE:IONQ Bottomed 5-11-22 one year of bottoming it has now doubled Fibonacci resistance at 618 around 12
IONQ bull ionq is strong bull now..
i expct it will reach tp 1 tp 2
above 8.6 is foreve bull~~~~~~~
good luck to u
Hi IQOnly a dum dum would bet against the leaders in quantum computing
www.nature.com
I like Ionq (blue bars) for short term and ibm for longterm (burnt orange line)
Send it
GRIndustry4
IONQ - Establishing A BottomA falling wedge has emerged just above a strong horizontal support
This is a bullish pattern and should be considered a reversal structure
Reversal at white horizontal, furthering the bottom
ionQ to make a 46% move in 30 days on 12 hour.This is a longer setup then i normally play but that should equal a stronger move.
by iCantw84it
IonQ IonQ is a quantum computing hardware and software company based in College Park, Maryland. They are developing a general-purpose trapped ion quantum computer and software to generate, optimize, and execute quantum circuits
IONQ, 1 Hr, Butterfly Harmonic ShapeIONQ , 1hr, Butterfly Harmonic Shape
---------------------Disclaimer ----------------------
I am not a financial /investment advisor. All information I am sharing here is for entertainment purposes only and should not be considered personal investment advice. While the information provided is accurate, it may include errors or inaccuracies. Please, do your diligence when it comes to investing or trading in the market. You are responsible on your choice. Thank you
$PL - market got it wrong again$IONQ style falling at the beginning of trading.
Yet the company has a great future and killed sentiment.
If we see recover here. it will shoot to 20+ in next 2 months, just like $IONQ did.
p.s. similarities do work.
IONQThe first pure quantum computing play on NYSE
Others are rigetti, honeywell, ibm
Has been pumped
Let's see how far it gets dumped
My suspicion is it will hold up pretty well given the market conditions
But let's see
Not financial advice
Chart: pitchfork off major pivots; in the fib golden pocket
IONQ IONQ will probabily gain traction as it is presently on disjoint channel supports.
In addtion, IONQ is presently on talks with Goldman to sale quanum machines which will help or montecarlo simulations
So, the stock will probably surge to resistance if there is news
$IONQ IonQ, Inc. engages in the development of general-purpose quantum computing systems. It sells access to quantum computers with 11 qubits. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services' (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service. IonQ, Inc. was incorporated in 2015 and is headquartered in College Park, Maryland.
$ionqSeeing the Nvidia event directed my eyes to this stock. But, just playing technicals, i seen today that it has broken out of a falling wedge. Also the daily trend is another confirmation that there may be upside here, None the less they have earnings next week. i plan on playing this run up and selling half into ER. Anyone else eying this one?
Don't wait too long before jumping in on this onewww.whitehouse.gov
We're proud to have participated in this summit and excited to see
@WHOSTP's continued focus on quantum technology as a key industry of the future! - twitter.com
The US is focusing on quantum computing with the goal of becoming a global leader in the field. IonQ is a leader in the industry now and will play a significant role in the future. Growth could be huge. - twitter.com
