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Archive
- 12/13/2024 -
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QUALCOMM Inc. (QCOM) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was the negative week for the QUALCOMM Inc. (QCOM). During the week, the QCOM gave back -1.01 points, or -0.63%, and closed at 158.50 on Friday, December 13, 2024. Weekly volume was -27% 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 230.63 on June 18, 2024. QCOM gained -188.39 points, or -446.00%, in 435 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 112.49 and resistance is at 262.59. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
Medium-term trend: [See QCOM medium-term trend chart]
A medium-term uptrend had started on May 25, 2023 at 101.47 and reached 230.63 on June 18, 2024. QCOM gained -129.16 points, or -127.29%, in 55 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 112.02 and resistance is at 284.93. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See QCOM weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since July 12, 2024. The distance between MACD and the signal line is low and getting smaller. 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 November 20, 2024 at 153.00 and reached 165.00 on December 4, 2024. QCOM gained -12.00 points, or -7.84%, in 14 days. The chart has formed a Broadening Ascending Wedge chart pattern.
Daily Technical Indicators: [See QCOM daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since November 29, 2024. 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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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