The Greedy Trader Weekly Analysis
Sign In Oct 12, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 10/5/2018
Sign In to see current Signals.
QUALCOMM Inc.
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance line
Daily :Stochastic signal line moved above oversold areaLane's Stochastic and MACD bullish divergenceThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the QUALCOMM Inc. (QCOM). During the week, the QCOM dropped -0.82 points, or -1.14%, and closed at 71.21 on Friday, October 05, 2018. Weekly volume was -19% 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 76.50 on September 18, 2018. QCOM gained -34.26 points, or -81.11%, in 135 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (50.94) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 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 76.50 on September 18, 2018. QCOM gained -27.94 points, or -57.54%, in 20 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 67.97 and resistance is at 76.40. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See QCOM weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. 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, Relative Strength Index and 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 October 2, 2018 at 73.91 and reached 70.55 on October 5, 2018. QCOM lost 3.36 points, or 4.55%, in 3 days. The price is now at the 19.64% retracement level.

Daily Technical Indicators: [See QCOM daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is below its signal line since September 20, 2018. This is an indication that the short-term trend is down.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.14
Williams' Percentage Range (W%R) 63.40
Lane's Stochastic (%D-Slow) 37.62
Bullish
Greed/Fear Indicator (GFI) 37.78
Moving Average Converg./Diverg. (MACD) 1.35 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.42
Overbought
Williams' Percentage Range (W%R) 19.20
Overbought
Lane's Stochastic (%D-Slow) 84.34
Overbought
Greed/Fear Indicator (GFI) 76.96
Moving Average Converg./Diverg. (MACD) 2.33
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 76.40
Weekly Stochastic Crossing 74.32
Upper Bollinger Band 74.22
Parabolic System 73.98
20 Day Moving Average 73.03
Daily Stochastic Crossing 71.85
Price 71.21
Lower Bollinger Band 69.75
50 Day Moving Average 69.13
Quarterly Trendline Support 67.97
Yearly Trendline Resistance 67.41
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Communication Equipment 145
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 73.91
High Date 10/02/2018
Low 70.55
Low Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 73.91
High Date 10/02/2018
Low 70.55
Low Date 10/05/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 76.50
High Date 09/18/2018
Low 70.55
Low Date 10/05/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 76.40
Support 67.97
Low 48.56
Low Date 04/26/2018
High 76.50
High Date 09/18/2018
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 67.41
Support 50.94
Low 42.24
Low Date 02/11/2016
High 76.50
High Date 09/18/2018
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.

Copyright© 2004-2016 All rights reserved.