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Archive
- 1/11/2019
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QUALCOMM Inc.
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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range is oversold
Daily :MACD bearish divergenceThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement levelThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the QUALCOMM Inc. (QCOM). During the week, the QCOM gained 0.90 points, or 1.59%, and closed at 57.50 on Friday, January 11, 2019. Weekly volume was -6% 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 trend support level is at 51.76 and resistance is at 66.84. 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 downtrend had started on September 18, 2018 at 76.50 and reached 53.51 on December 26, 2018. QCOM lost 22.99 points, or 30.05%, in 14 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (53.50) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See QCOM weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since October 19, 2018. This is an indication that the medium-term trend is down. 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 January 4, 2019 at 55.21 and reached 58.17 on January 11, 2019. QCOM gained -2.96 points, or -5.36%, in 7 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 technical indicators are neutral. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since December 26, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

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.

During the last week, the price has moved above 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.01
Williams' Percentage Range (W%R) 46.10
Lane's Stochastic (%D-Slow) 62.18
Greed/Fear Indicator (GFI) 57.04
Moving Average Converg./Diverg. (MACD) -0.49 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.94
Williams' Percentage Range (W%R) 87.10
Oversold
Lane's Stochastic (%D-Slow) 23.67
Greed/Fear Indicator (GFI) 26.59
Moving Average Converg./Diverg. (MACD) -0.68
Trading Signals
Description Value Chart
Yearly Trendline Resistance 66.84
Upper Bollinger Band 58.73
Price 57.50
50 Day Moving Average 57.40
Daily Stochastic Crossing 57.03
20 Day Moving Average 56.54
Parabolic System 55.31
Weekly Stochastic Crossing 55.25
Lower Bollinger Band 54.71
Monthly Trendline Support 53.50
Monthly Trendline Resistance 52.67
Yearly Trendline Support 51.76
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Communication Equipment 49
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 55.21
Low Date 01/04/2019
High 58.17
High Date 01/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 53.51
Low Date 12/26/2018
High 58.17
High Date 01/11/2019
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 52.67
Support 53.50
High 76.50
High Date 09/18/2018
Low 53.51
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 Valid
Resistance 66.84
Support 51.76
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.

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