QUALCOMM INC (QCOM) Technical Analysis
NASDAQ:QCOM • US7475251036
Current stock price
QCOM Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to QCOM. QCOM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, QCOM is a bad performer in the overall market: 85% of all stocks are doing better.
- QCOM is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, of which 84% are performing better than QCOM.
- QCOM is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so QCOM is lagging the market.
- In the last month QCOM has a been trading in the 129.22 - 146.94 range, which is quite wide. It is currently trading near the lows of this range.
- QCOM has an average volume of 10276100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
QCOM Weekly and Daily overview Charts
QCOM Setup Rating and Analysis
QCOM has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
QCOM Support and Resistance Analysis
128.52
6 important resistance areas can be observed.
- Resistance @132.89 from a trend line in the daily time frame.
- Resistance @145.83 from a horizontal line in the daily time frame.
- Resistance @159.48 from a horizontal line in the daily time frame.
- Resistance @171.81 from a trend line in the weekly time frame.
- Resistance @177.44 from a trend line in the daily time frame.
- Resistance @187.68 from a horizontal line in the daily time frame.
QCOM Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for QCOM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QCOM is down. |
| ChartMill Relative Strength | 15.48 | NEGATIVE | QCOM has a low relative strength, it was outperformed by 84.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QCOM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QCOM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of QCOM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.37 | OVERSOLD | The low RSI value suggests QCOM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests QCOM has a negative trend. |
| Stochastics (14,3) | 6.65 | OVERSOLD | The low Stochastics value suggests QCOM may be oversold. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for QCOM suggests some volalility. |
| Average Directional Index/ADX (14) | 36.1 | POSITIVE | The high ADX value value for QCOM suggests a strong trend. |
QCOM Chart- and CandleStick Pattern Analysis
QCOM Technicals: Chart, Performance Metrics, Trend & Indicators
129.82
-1.33 (-1.01%)
QUALCOMM INC / QCOM TA FAQ
What is the technical rating for QCOM stock?
ChartMill assigns a technical rating of 0 / 10 to QCOM.
What is the trend direction for QCOM stock?
The current trend direction for QUALCOMM INC (QCOM) is Bearish.
What is the RSI signal for QCOM stock?
QUALCOMM INC (QCOM) has an RSI value of 29.3736. This indicates that the stock is currently oversold.
What is the MACD signal for QCOM stock?
The MACD indicator for QUALCOMM INC (QCOM) has a value of -0.378406, indicating a bearish trend.
What is the support and resistance level for QCOM stock?
QUALCOMM INC (QCOM) has a resistance level at 132.89. Check the full technical report for our detailed analysis of QCOM support and resistance levels.