QUALCOMM INC (QCOM) Technical Analysis
NASDAQ:QCOM • US7475251036
Current stock price
QCOM Technical Rating and Analysis
Taking everything into account, QCOM scores 0 out of 10 in our technical rating. 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.
- 83% of all other stocks performed better in the past year than QCOM.
- QCOM is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, of which 85% are performing better than QCOM.
- QCOM is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index 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 124.01 - 138.58 range, which is quite wide. It is currently trading near the lows of this range.
- QCOM has an average volume of 11793100 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
Although the technical rating is bad, QCOM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
QCOM Support and Resistance Analysis
125.52
When analyzing the support we notice one important area.
- Support @126.79 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 130.55 to 130.58. 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 139.11 to 142.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @170.38 from a trend line in the weekly time frame.
- Resistance @175.91 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 | 17.8 | NEGATIVE | QCOM has a low relative strength, it was outperformed by 82.2% 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) | 33.95 | NEUTRAL | The RSI value for QCOM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests QCOM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 26.31 | NEUTRAL | The Stochastics value for QCOM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for QCOM suggests some volalility. |
| Average Directional Index/ADX (14) | 34.94 | 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
126.8
-0.48 (-0.38%)
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 QUALCOMM INC (QCOM) stock?
QUALCOMM INC (QCOM) has an RSI value of 33.9499. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for QUALCOMM INC?
The buy/sell signal for QUALCOMM INC (QCOM) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for QUALCOMM INC (QCOM) stock?
QUALCOMM INC (QCOM) has a support level at 126.79 and a resistance level at 130.55. Check the full technical report for our detailed analysis of QCOM support and resistance levels.