QUALCOMM INC (QCOM) Stock Technical Analysis
NASDAQ:QCOM - Nasdaq - US7475251036 - Common Stock - Currency: USD
Taking everything into account, QCOM scores 5 out of 10 in our technical rating. QCOM has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
81% of all other stocks performed better in the past year than QCOM.
QCOM is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry, of which 77% are performing better than QCOM.
Both the short term and long term trends are positive. This is a very positive sign.
QCOM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
QCOM has an average volume of 8507150 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 only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
130.07
174.72
We found 2 important support areas.
- Support @145.19 from a horizontal line in the daily time frame.
- Support @131.38 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 158.78 to 162.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 170.92 to 172.99. 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 | 19.09 | NEGATIVE | QCOM has a low relative strength, it was outperformed by 80.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of QCOM is above a declining 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) | DOWN | NEGATIVE | The current price of QCOM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.99 | NEUTRAL | The RSI value for QCOM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests QCOM has a negative trend. |
| Stochastics (14,3) | 62.71 | NEUTRAL | The Stochastics value for QCOM is a neutral value. |
| Average True Range in percent/ATR (20) | 2 | LOW VOLATILITY | The low ATR as a percentage value for QCOM suggests low volalility. |
| Average Directional Index/ADX (14) | 15.85 | 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)
157.46
-1.63 (-1.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-1.02%
1 Week-2.93%
2 Weeks-0.46%
1 Month-1.27%
3 Month13.08%
6 Month0.31%
12 Month-22.22%
2 Year19.13%
3 Year8.55%
5 Year49.1%
10 Year144.54%
15 Year313.5%
Volatility
ATR(14)3.05
ATR(20)%2%
ATR Inc-30.65%
Range Today2.02
ADR(20)2.91
ADR(20)%1.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.09
Mansfield-0.9
10 Day High163.96
10 Day Low157.15
20 Day High163.96
20 Day Low149.68
52 Week High211.09
52 Week Low120.8
CS1 End145.19
CR1 Start158.78
Volume & EV
DER(3)-0.72%
DER(5)0.13%
Volume5.91M
Volume Incr-29.97%
Vol(5)5.97M
Vol(50)8.51M