Red List Recovering
QBTS
D-Wave Quantum Inc.
Technology · Computer Hardware · mid-cap ($5.2B)
-52.7%
from rolling 252-day high of $46.75 set 2025-10-15 · 211d ago
Current
$22.13
Decline depth
-52.7%
Decline σ
3.1σ
TFC
3/5 bearish
Rolling 252-day high Up day Down day Last 90 trading days · data from Alpaca

Structural break signals

QBTS qualifies for the Red List on decline depth.

Decline depth
-52.7%
From rolling 252-day high of $46.75, 211d ago. Past the 40% Red List threshold.
Time-frame continuity
3/5 bearish
Latest bar across daily/weekly/monthly/quarterly/yearly time frames. A bar counts as bearish when it's a 2-Down or a red 3. Past the 3/5 Watch threshold.
Decline sigma
3.1σ
Drop from local high over the last 5 bars, expressed in units of the stock's typical daily volatility (5.64% per day).

The structural read

What price action says about QBTS.

QBTS qualifies for the Red List on decline depth — down -52.7% from its rolling 252-day high. Past the 40% threshold, the deepest tier in the taxonomy.

Cross-confirmation: also showing 3/5 bearish time frames.

Alongside that decline, our proprietary engine has flagged a confirmed bullish structural signal on one or more time frames — moderate or strong time-frame-continuity (TFC) alignment — so the ticker also carries a Recovering badge. The two readings coexist: the tier tells you how deep the damage is, the Recovering badge tells you whether momentum may be turning. Recovering is not a buy signal; it's a structural read.

Upstream TFC read: moderate alignment, current phase monthly. Last bar types — daily 3 (green), weekly 2U (red), monthly 2U (green).

Earnings on file: 2026-02-26. Tiering is unaffected by earnings dates — listings reflect price structure only.

52-week range

52W low $5.77 39.9% of range 52W high $46.75

Sector context · Technology

172 other Technology tickers are on Broken Stocks.

118 Red List
36 Amber
18 Watch
-44.1% Median decline

Worst in sector: PAR (-79.8%). Least-bad: IMMR (-20.8%). See all Technology listings →

Questions about QBTS

What people ask.

Why is QBTS on Broken Stocks?

QBTS qualifies for the Red List on decline depth. It is down -52.7% from its rolling 252-day high of $46.75, set on 2025-10-15 — 211d ago. It additionally carries a Recovering badge — see below.

What does the Recovering badge mean for QBTS?

Recovering means our proprietary engine has flagged a confirmed bullish structural signal on one or more time frames (moderate or strong time-frame continuity). It coexists with the decline tier — QBTS is still Red List because the rolling-252-day decline hasn't healed, but a bullish setup has formed inside that decline. The two readings answer different questions: the tier tells you how deep the damage is; the Recovering badge tells you whether momentum may be turning. It's not a buy recommendation.

Is QBTS a falling knife?

Not by the strict technical definition. QBTS is down -52.7% from its 52-week high, but that high was set 211d ago — more than 120 days. A falling knife is usually a recent breakdown from a fresh high, not an established multi-quarter downtrend. QBTS is still on the Red List for decline depth, but the freshness component of a falling knife is missing.

Is QBTS a buy?

Broken Stocks does not issue buy or sell recommendations. The list is a rules-based technical warning system. It tracks structural decline depth and recency — not company quality, management, fundamentals, or news. Always do your own research and consult a licensed advisor.

Where is QBTS trading inside its 52-week range?

At $22.13, QBTS sits 39.9% of the way from its 52-week low ($5.77) to its 52-week high ($46.75). A reading below 25% indicates price is hugging the bottom of the range; above 75%, the top.

How fast has QBTS been declining?

The current 52.7% decline accrued over 211d, which annualizes to roughly -91.2% per year. Annualized pace is a sanity check — a 30% decline in three months is a different signal than a 30% decline over two years.

How does QBTS compare to its sector?

There are 172 other Technology tickers on Broken Stocks: 118 Red, 36 Amber, 18 Watch, with 45 showing recovering structural signals. Median sector decline is -44.1% — QBTS's decline is deeper than the sector median.

Does QBTS's earnings date affect its tier?

No. Tiering is decided purely by decline depth and recency of the rolling-high date. The earnings date on file (2026-02-26) is shown for reference only — listings can move tier between scans based on closing prices, regardless of fundamentals or news events.