QUALCOMM INC (QCOM) Stock Technical Analysis
USA - NASDAQ:QCOM - US7475251036 - Common Stock
164.14 USD
+2.92 (+1.81%)
164.5 USD
+0.36 (+0.22%)
Taking everything into account, QCOM scores 7 out of 10 in our technical rating. Although QCOM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
QCOM is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, of which 61% are performing better than QCOM.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month QCOM has a been trading in the 153.05 - 165.00 range, which is quite wide. It is currently trading near the high of this range.
QCOM has an average volume of 7580360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, QCOM outperforms 44% of them, which is more or less in line with the market.
QCOM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so QCOM is lagging the market.
QCOM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 164.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 162.70, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
132.84
165.79
3 important support areas can be observed.
- A support zone ranging from 153.07 to 162.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 145.20 to 147.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @134.18 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 164.15 to 164.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for QCOM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QCOM is up. |
| ChartMill Relative Strength | 44.99 | NEUTRAL | QCOM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QCOM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QCOM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QCOM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.14 | NEUTRAL | The RSI value for QCOM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests QCOM has a positive trend. |
| Stochastics (14,3) | 82.75 | OVERBOUGHT | The high Stochastics value suggests QCOM may be overbought. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for QCOM suggests some volalility. |
| Average Directional Index/ADX (14) | 17.05 | NEGATIVE | The low ADX value for QCOM suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 164.16 | 154.46 | 9.70 (5.91%) | 16.92% |
| An entry @164.16. This is a Buy Stop order right above the resistance zone. | An exit @154.46. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 9.70 points, which is 5.91%. | When investing 16.92% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
164.14
+2.92 (+1.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg1.81%
1 Week3.45%
2 Weeks3.38%
1 Month3.3%
3 Month8.47%
6 Month4.67%
12 Month-2.83%
2 Year47.79%
3 Year45.28%
5 Year39.48%
10 Year205.49%
15 Year263.71%
Volatility
ATR(14)3.43
ATR(20)%2.1%
ATR Inc-8.64%
Range Today3.5
ADR(20)3.26
ADR(20)%1.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.99
Mansfield-0.61
10 Day High165
10 Day Low154.47
20 Day High165
20 Day Low153.05
52 Week High182.1
52 Week Low120.8
CS1 End162.7
CR1 Start164.15
Volume & EV
DER(3)1.44%
DER(5)1.92%
Volume8.00M
Volume Incr1.47%
Vol(5)7.13M
Vol(50)7.58M