Quantum

Million

Resistance

Rise

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>IonQ stock price closed at $19.34 while witnessing a gain of 10.58% during the last intraday trading session.</a> </li> 
 <li> <span>2</span> <a>IonQ has joined forces with Bearing Point.</a> </li> 
 <li> <span>3</span> <a>IonQ is expected to benefit from the acceleration in the pace of adoption of quantum computers.</a> </li> 
</ul> 
<p>IonQ stock price has been in a strong bullish momentum since the start of May, rising from the low of $5.30 with a return of 441.74% (YTD). The stock price faced strong rejection from $20 and retraced back to form a support at $12.30.&nbsp;</p> 
<p>After the formation of support at $12.30, the stock price regained bullish momentum and commenced a journey to retest $20. On September 6, IonQ price successfully touched the $20 level but could not close above it.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="598" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-221-1024x598.png" alt="IonQ (INOQ Stock): One Of The Disruptive Tech Stocks to Consider" class="wp-image-166445" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-221-1024x598.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-221-300x175.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-221-768x448.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-221-750x438.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-221-1140x666.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-221.png 1382w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: IONQ Stock Price By <a href="https://www.tradingview.com/x/s0O17oUR/" rel="noopener noreferrer nofollow">TradingView</a>.&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>The stock price then entered into a short-term pullback and formed support at $17.50. The previous candle closed as a strong bullish candle with no upper wick. If the next candle can break the high of the previous candle, IonQ stock price might shatter the resistance level of $20 and potentially close above it.&nbsp;</p> 
<p>On the other hand, if the next candle can break the low of the previous candle, the stock price might head down toward the next minor support level of $14.50.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-quantum-computing-demand-boosted-ionq-stock-price-strong"><strong>Quantum Computing Demand Boosted IonQ Stock Price&nbsp;</strong></h2> 
<p>With increased demand for <a href="https://www.thecoinrepublic.com/2023/08/17/ionq-stock-analysis-will-bearish-pattern-succeed-in-ionq-price/" target="_blank" rel="noopener noreferrer nofollow">IonQ systems</a>, the company is well-positioned to provide strong revenue in the coming years. At the end of Quarter 2, IonQ booked $32.2 Million in bookings year-to-date and raised the full-year guidance between $49 Million and $56 Million.&nbsp;</p> 
<p>Moreover, the advancements of its systems and growing commercial use cases bode well for the future. The year-to-date increase of 441.74% suggests that these positives are reflected in its price. Further, the analyst price target for IonQ is $17.80 which is roughly in line with its current market price, implying that the additional upside remains capped for IonQ stock.</p> 
<p>IonQ has agreed with Bearing Point, an Amsterdam-based consulting firm, to offer Quantum system access and professional services in Europe. Bearing Point will advise clients about the potential application and benefits of Quantum computing using IonQ’s Systems.</p> 
<h3 class="wp-block-heading" id="strong-will-ionq-stock-price-rise-above-20-strong"><strong>Will IONQ Stock Price Rise Above $20?</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="598" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-222-1024x598.png" alt="IonQ (INOQ Stock): One Of The Disruptive Tech Stocks to Consider" class="wp-image-166446" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-222-1024x598.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-222-300x175.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-222-768x448.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-222-750x438.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-222-1140x666.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-222.png 1382w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: IONQ Stock Price By <a href="https://www.tradingview.com/x/O1LRrNzY/" rel="noopener noreferrer nofollow">TradingView</a>.&nbsp;&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>The <a href="https://www.thecoinrepublic.com/2023/08/17/ionq-stock-analysis-will-bearish-pattern-succeed-in-ionq-price/" target="_blank" rel="noopener noreferrer nofollow">stock price</a> has surged above 20,50,100 and 200-day exponential moving averages, indicating strong bullish momentum. The Chaikin money flow score has climbed above the 0 mark and stands at 0.06, indicating strength in the market.&nbsp;</p> 
<p>The relative strength index stands at 62.22, suggesting bullish momentum in the price. The Bollinger bands have also expanded indicating a rise in volatility.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>With artificial intelligence and quantum computing emerging as two of the most promising areas for future growth in technology, investors should keep an eye on IonQ. The disruptive tech company has skyrocketed in the current year. Investors who are looking for pure-play quantum computing stock should consider IonQ stock.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<p>Support levels: $14.50 and $12.30&nbsp;</p> 
<p>Resistance levels: $20 and $25</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

IonQ (IONQ Stock): One Of The Disruptive Tech Stocks to Consider

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