The Greedy Trader Weekly Analysis
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Archive
- 8/10/2018
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QUALCOMM Inc.
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is overboughtStochastic has declined below the signal linePrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the QUALCOMM Inc. (QCOM). During the week, the QCOM gave back -0.58 points, or -0.89%, and closed at 64.82 on Friday, August 10, 2018. It was the worst weekly loss since June 29, 2018. Weekly volume was -25% below average.

Long-term trend: [See QCOM long-term trend chart]
A long-term uptrend had started on February 11, 2016 at 42.24 and reached 71.62 on October 27, 2016. QCOM gained -29.38 points, or -69.55%, in 37 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 50.45 and resistance is at 67.74. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.

Medium-term trend: [See QCOM medium-term trend chart]
A medium-term uptrend had started on June 28, 2018 at 55.09 and reached 66.02 on August 6, 2018. QCOM gained -10.93 points, or -19.84%, in 5 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (60.09) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See QCOM weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 1, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See QCOM short-term trend chart]
A short-term downtrend had started on August 6, 2018 at 66.02 and reached 64.49 on August 10, 2018. QCOM lost 1.53 points, or 2.32%, in 4 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See QCOM daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since July 9, 2018. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.86
Williams' Percentage Range (W%R) 16.30
Overbought
Lane's Stochastic (%D-Slow) 78.54
Greed/Fear Indicator (GFI) 79.36
Moving Average Converg./Diverg. (MACD) 1.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.19
Williams' Percentage Range (W%R) 7.80
Strong Overbought
Lane's Stochastic (%D-Slow) 72.16
Greed/Fear Indicator (GFI) 75.18
Moving Average Converg./Diverg. (MACD) -0.31
Trading Signals
Description Value Chart
Upper Bollinger Band 68.34
Yearly Trendline Resistance 67.74
Daily Stochastic Crossing 65.38
Price 64.82
Weekly Stochastic Crossing 63.41
Parabolic System 63.33
20 Day Moving Average 62.22
Monthly Trendline Resistance 61.94
Monthly Trendline Support 60.09
50 Day Moving Average 59.83
Lower Bollinger Band 56.98
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Communication Equipment 140
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 66.02
High Date 08/06/2018
Low 64.49
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 66.02
High Date 08/06/2018
Low 64.49
Low Date 08/10/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 61.94
Support 60.09
Low 55.09
Low Date 06/28/2018
High 66.02
High Date 08/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 48.56
Low Date 04/26/2018
High 66.02
High Date 08/06/2018
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 67.74
Support 50.45
Low 42.24
Low Date 02/11/2016
High 71.62
High Date 10/27/2016
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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