Positive context积极背景
Stocks股票 / QBTS
$20.90
+$0.16 · +0.77%
52w low52周低 $12.32high高 $46.62
Neutral — no clear edge中性 — 无明显优势
Daily low forming, but the bigger trend is still bearish. Small size only; stop below 16.18.日线低点正在形成，但大趋势仍偏空。只适合小仓位；止损设于 16.18 下方。
Live实时
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
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The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-08-14
Momentum (RSI 14)动量（RSI 14）
54
Neutral zone中性区域
vs 50-day average相对50日均线
-1.7% below下方
Below trend跌破趋势
vs 200-day average相对200日均线
-6.9% below下方
Long trend down长期向下
Volatility波动率
67th percentile第67百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
Mixed — beat 1 of last 4 quarters表现不稳 — 近 4 季中 1 季超预期
EPS surprise vs consensus, last quarters每股收益相对预期的超预期幅度（近几个季度） · average平均 -348.1%
Financials财务数据
fiscal years财年
Gross margin毛利率
82.6%
Net margin净利率
-1444.1%
FCF margin自由现金流利润率
-292.8%
Return on equity股本回报率 -42%
Clean稳健
Capital allocation资本配置
Share count change (1y)股数变化（1年）+34.6%
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Sector / Theme行业/主题
Quantum Computing theme — #37 of 49 themes「量子计算」主题 — 49 个主题中第 37 位
Positioning持仓
Insider cluster activity内部人集中交易
Technical技术面
UNCONFIRMED TURN → DOWNTREND未确认转向 → 下跌趋势
Options positioning期权持仓
as of last close截至上一收盘Market makers are net long gamma — price pinned near current level做市商净持有正伽玛，价格倾向于在当前水平附近震荡
Expected daily move预期日波动
±4.81%
Expected weekly move预期周波动
±10.75%
Gamma flip伽玛翻转位
$19
25d risk reversal25d风险逆转
6.8%
Flow:资金流向： $3M premium traded; 0% 0DTE; 21 fresh positions; P/C 0.56; net new CALL positioning (bullish lean) (ΔOI +16,765); ~leans bullish (direction approx)成交权利金 $3M；0DTE占0%；21个新建仓；看跌看涨比 0.56；净新增看涨持仓（偏多）（ΔOI +16,765）；≈偏看涨（方向近似）
Skew: greed偏斜：贪婪
Call and put walls are plotted on the Trade levels ladder →看涨/看跌期权墙已标注在「交易点位」阶梯上 →
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： -$39.3M net (0 buyers, 6 sellers)-$39.3M 净值（0 买家，6 卖家）
Signal history信号历史
engine events引擎事件
BOTTOMING → UNCONFIRMED TURN筑底中 → 未确认转向
HIGH-RISK · NIMBLE ONLY. A daily bottoming setup is forming (swing low in, momentum turned up) — but the higher timeframes haven't confirmed it: the bigger picture is still bearish (weekly momentum curling up; last cycle left-translated (topped early)). This is an UNCONFIRMED TURN, not a confirmed buy. Weekly confirmation lags price, so this exact reading covers BOTH bounces that fail AND the first leg of a genuine new cycle — you can't tell which in real time, so treat it as a risk/size signal, not a direction call. Measured: weekly-unconfirmed bottoming setups held the low ~49% of the time vs ~68% once the weekly turns up. Last cycle was left-translated (topped early) — a bearish structural tell高风险 · 仅限灵活操作。正在形成日线筑底形态（摆动低点已现、动量转向上行）——但更高周期尚未确认：大局仍偏空（周线动量开始上翘；上一周期左移（见顶偏早））。这是「未确认转向」，并非已确认的买入。周线确认滞后于价格，因此同样的读数既涵盖最终失败的反弹，也涵盖真正新周期的第一段——实时无法判定属于哪一种，故应将其视为风险/仓位信号，而非方向判断。实测：周线未确认的筑底形态约 49% 守住低点，周线转向后升至约 68%。 上一周期为左移结构（见顶偏早）——属于看空的结构性信号
Aug 7, 2026
UNCONFIRMED TURN → DOWNTREND未确认转向 → 下跌趋势
AVOID回避
Jul 30, 2026
DOWNTREND → UNCONFIRMED TURN下跌趋势 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Jul 30, 2026
QBTS daily MACD crossed upQBTS 日线MACD上穿
The daily MACD histogram turned positive — fast and noisy, context rather than a standalone trigger. $17.98.日线MACD柱状图转正 — 快速且嘈杂，仅作背景。$17.98。
Jul 29, 2026
UNCONFIRMED TURN → DOWNTREND未确认转向 → 下跌趋势
AVOID回避
Jul 29, 2026
QBTS printed a daily-cycle lowQBTS 打出日线周期低点
A confirmed local low — in this cycle framework the highest-odds long-entry window. $16.18.一个已确认的局部低点 — 在本周期框架中做多胜率最高的入场窗口。$16.18。
Jul 29, 2026
QBTS daily MACD crossed downQBTS 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $16.18.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$16.18。
Jul 28, 2026
QBTS daily MACD crossed upQBTS 日线MACD上穿
The daily MACD histogram turned positive — fast and noisy, context rather than a standalone trigger. $17.64.日线MACD柱状图转正 — 快速且嘈杂，仅作背景。$17.64。
Jul 27, 2026
DOWNTREND → UNCONFIRMED TURN下跌趋势 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Jul 22, 2026
QBTS StochRSI turned up from oversoldQBTS StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $17.35.StochRSI重回20上方 — 下行动量趋缓的最早预警。$17.35。
Jul 17, 2026
QBTS weekly MACD crossed downQBTS 周线MACD下穿
The weekly MACD histogram turned negative — the slower, less-whippy momentum read.周线MACD柱状图转负 — 更慢、更少来回的动量信号。
Showing the last 15 of显示最近15条，共 155 signals条信号
Company profile公司档案
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
88/100 — stronger than most强于多数
vs market, 3 months相对大盘（3个月）
62/100 — middle of the pack居中
vs market, 6 months相对大盘（6个月）
83/100 — stronger than most强于多数
vs market, 12 months相对大盘（12个月）
88/100 — stronger than most强于多数
Rank in sector行业内排名
#127 / 222
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | +7.7% | +1.2% |
| 1 Month近1月 | +10.3% | +3.5% |
| 3 Months近3月 | +2.7% | +5.2% |
| 6 Months近6月 | +6.3% | +14.4% |
| Year to date年初至今 | -25.7% | +14.2% |
| 1 Year近1年 | +12.1% | +21.6% |
Trading information交易信息
Volatility rank波动率分位
67th pctile
EPS (trailing)每股收益
$-0.99
Off 52-week high距52周高点
-53.3%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$25M
Gross profit毛利润
$20M
Net income净利润
$-355M
Operating cash flow经营现金流
$-72M
Total assets总资产
$916M
Shareholder equity股东权益
$852M
Long-term debt长期负债
$36M
Shares outstanding总股本
0.36B
Returns & growth回报与增长
Return on equity股本回报率
-41.7%
Return on assets资产回报率
-38.8%
Debt / assets负债/资产
3.9%
Asset growth资产增速
+358.2%
Accounting quality checks会计质量检查
- Earnings quality: accruals near the peer median盈利质量：应计利润接近同业中位
- Capital discipline: assets +358.2% (aggressive expansion)资本纪律：资产 +358.2%（扩张激进）
- Balance sheet: leverage unremarkable资产负债表：杠杆水平一般
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
54
RSI (2-day)RSI（2日）
79
vs 20-day average相对20日均线
+11.0%
vs 50-day average相对50日均线
-1.7%
vs 200-day average相对200日均线
-6.9%
Golden cross (50>200)金叉（50>200）
not in effect未生效
MACDMACD
above signal位于信号线上方
Timeframe alignment多周期共振
Daily日线
momentum up动能向上
3-day3日线
momentum down — turning up soon动能向下——接近转强
Weekly周线
momentum down — turning up soon动能向下——接近转强
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range width percentile波幅宽度分位
42/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Surprise history超预期历史
| Quarter季度 | Reported实际 | Expected预期 | Surprise超预期 |
|---|---|---|---|
| Mar 2026 | $-0.05 | $-0.10 | +50.0% |
| Dec 2025 | $-0.12 | $-0.05 | -140.0% |
| Sep 2025 | $-0.41 | $-0.07 | -485.7% |
| Jun 2025 | $-0.55 | $-0.06 | -816.7% |
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Options — full detail期权持仓 — 完整明细
Dealer positioning map做市商持仓地图
Call wall看涨期权墙
$22
Put wall看跌期权墙
$20
Gamma flip伽玛翻转位
$19
Upside magnet上方磁吸位
$22
Downside magnet下方磁吸位
$20
Net dealer gamma做市商净伽玛
+$0.0B
Distance to flip距翻转位
+8.9%
Walls and magnets are strikes with heavy open interest — price often slows or gravitates there.期权墙与磁吸位是未平仓集中的行权价 — 价格常在附近减速或被吸引。
Volatility pricing波动率定价
Implied volatility (30d)隐含波动率（30天）
1%
25-delta risk reversal25-delta风险逆转
+6.8%
Call-put IV spread看涨-看跌IV价差
+0.0pp
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
-$39.3M
Insider buyers vs sellers内部人买家vs卖家
0 : 6
Recent fund flows近期基金流向
Roundhill MEMERoundhill MEME
trimming减持
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。