The Greedy Trader Weekly Analysis
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Archive
- 6/8/2018
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QUALCOMM Inc.
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Summary:
Weekly :Overbought sectorBroken trend support lineWeekly  MACD line has moved above its signal line
Daily :Relative Strength Index, Lane's Stochastic and MACD bearish divergenceThe price has risen above the Parabolic SARBullish Doji Candlestick
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It was a first positive week for the QUALCOMM Inc. (QCOM). During the week, the QCOM gained 1.65 points, or 2.82%, and closed at 60.26 on Friday, June 08, 2018. Weekly volume was -19% below average.

QCOM is a member of Technology Sector. Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

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 49.90 and resistance is at 68.12. 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 April 26, 2018 at 48.56 and reached 62.65 on June 7, 2018. QCOM gained -14.09 points, or -29.02%, in 6 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (60.65) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

Weekly Technical Indicators: [See QCOM weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See QCOM short-term trend chart]
A short-term uptrend had started on May 30, 2018 at 57.66 and reached 62.65 on June 7, 2018. QCOM gained -4.99 points, or -8.65%, in 8 days. The price is now at the 47.90% retracement level.

Daily Technical Indicators: [See QCOM daily technical indicators chart]
Daily technical indicators are neutral. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since April 30, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Candlestick pattern: [See QCOM candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.87
Bearish
Williams' Percentage Range (W%R) 29.90
Lane's Stochastic (%D-Slow) 66.42
Bearish
Greed/Fear Indicator (GFI) 67.80
Moving Average Converg./Diverg. (MACD) 1.26 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.45
Williams' Percentage Range (W%R) 42.50
Lane's Stochastic (%D-Slow) 70.05
Greed/Fear Indicator (GFI) 59.22
Moving Average Converg./Diverg. (MACD) -1.12
Trading Signals
Description Value Chart
Yearly Trendline Resistance 68.12
Quarterly Trendline Resistance 63.62
Daily Stochastic Crossing 61.06
Upper Bollinger Band 60.79
Quarterly Trendline Support 60.65
Price 60.26
Weekly Stochastic Crossing 59.83
20 Day Moving Average 58.18
Parabolic System 58.00
50 Day Moving Average 55.10
Lower Bollinger Band 55.07
Yearly Trendline Support 49.90
Sector and Industry
Description Name Rank
Sector Technology 9
Industry Communication Equipment 79
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 57.66
Low Date 05/30/2018
High 62.65
High Date 06/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.66
Low Date 05/30/2018
High 62.65
High Date 06/07/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.66
Low Date 05/30/2018
High 62.65
High Date 06/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 63.62
Support 60.65
Low 48.56
Low Date 04/26/2018
High 62.65
High Date 06/07/2018
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 68.12
Support 49.90
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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