Red List

QBTSD-Wave Quantum Inc.

Technology · Computer Hardware · mid-cap ($6.5B)
-59.8%
from rolling 252-day high of $46.75 set 2025-10-15 · 309d ago
Current
$18.81
Decline depth
-59.8%
Decline σ
2.1σ
TFC
3/5 bearish
Rolling 252-day high Up day Down day Last 90 trading days · data from Alpaca

Since tracking began

$QBTS has been tracked since 2026-03-01. It was down 59.5% from its 52-week high then — now down -59.8%.

It has clawed back 3.1 percentage points off that level. It bottomed 72.2% below that high along the way.

Decline from the 52-week high as it stood on 2026-03-02 (fixed anchor) → today. Split-adjusted, Alpaca. Observed history, not a forecast.

Structural break signals

QBTS qualifies for the Red List on decline depth.

Decline depth
-59.8%
From rolling 252-day high of $46.75, 309d 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
2.1σ
Drop from local high over the last 20 bars, expressed in units of the stock's typical daily volatility (7.67% per day).

The structural read

What price action says about QBTS.

QBTS qualifies for the Red List on decline depth — down -59.8% 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.

Upstream TFC read: weak alignment, current phase daily. Last bar types — daily 2D (red), weekly 2D (red), monthly 1 (green).

Earnings on file: 2026-08-06. Tiering is unaffected by earnings dates — listings reflect price structure only.

Questions about QBTS

What people ask.

Why is QBTS on Broken Stocks?

QBTS qualifies for the Red List on decline depth. It is down -59.8% from its rolling 252-day high of $46.75, set on 2025-10-15 — 309d ago.

Is QBTS a falling knife?

Not by the strict technical definition. QBTS is down -59.8% from its 52-week high, but that high was set 309d 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 $18.81, QBTS sits 17.8% of the way from its 52-week low ($12.75) 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 59.8% decline accrued over 309d, which annualizes to roughly -70.6% 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 239 other Technology tickers on Broken Stocks: 147 Red, 50 Amber, 42 Watch, with 65 showing recovering structural signals. Median sector decline is -36.7% — 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 (2026-08-06) is shown for reference only — listings can move tier between scans based on closing prices, regardless of fundamentals or news events.