Overall QCOM gets a technical rating of 0 out of 10. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 82% of all other stocks performed better in the past year than QCOM.
- QCOM is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 76% of 113 stocks in the same industry do better.
- In the last month QCOM has a been trading in the 149.73 - 184.45 range, which is quite wide. It is currently trading near the lows of this range.
- QCOM has an average volume of 8524610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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 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
150.69
We found 1 important support area.
- A support zone ranging from 152.21 to 152.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 155.74 to 159.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @174.68 from a trend line in the weekly time frame.
- Resistance @182.21 from a horizontal line in the daily time frame.
- Resistance @187.68 from a horizontal line in the daily time frame.
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 | 18.78 | NEGATIVE | QCOM has a low relative strength, it was outperformed by 81.22% 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) | UP | MIXED | The current price of QCOM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 29.51 | OVERSOLD | The low RSI value suggests QCOM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.36 | NEGATIVE | The MACD value suggests QCOM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.45 | OVERSOLD | The low Stochastics value suggests QCOM may be oversold. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for QCOM suggests some volalility. |
| Average Directional Index/ADX (14) | 26.18 | POSITIVE | The high ADX value value for QCOM suggests a strong trend. |
152.22
-0.48 (-0.31%)
QUALCOMM INC / QCOM 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 29.5133. 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 -1.36278, indicating a bearish trend.
What is the support and resistance level for QCOM stock?
QUALCOMM INC (QCOM) has a support level at 152.21 and a resistance level at 155.74. Check the full technical report for our detailed analysis of QCOM support and resistance levels.