QUALCOMM INC (QCOM) Stock Technical Analysis
NASDAQ:QCOM - Nasdaq - US7475251036 - Common Stock - Currency: USD
Overall QCOM gets a technical rating of 5 out of 10. In the past year, QCOM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, QCOM is a bad performer in the overall market: 82% of all stocks are doing better.
QCOM is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry, of which 64% are performing better than QCOM.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
QCOM has an average volume of 9545410 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 trading in the upper part of its 52 week range, so QCOM is lagging the market slightly.
In the last month QCOM has a been trading in the 141.77 - 162.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
QCOM has an average technical rating and the quality of the presented setup is also not ideal 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
128.96
179.82
When analyzing the support we can see 3 important areas.
- A support zone ranging from 149.24 to 152.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 145.19 to 145.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @130.26 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 170.92 to 178.04. 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 | NEUTRAL | NEUTRAL | The long term trend for QCOM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QCOM is up. |
| ChartMill Relative Strength | 18.28 | NEGATIVE | QCOM has a low relative strength, it was outperformed by 81.72% off all stocks 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) | DOWN | NEGATIVE | The current price of QCOM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.56 | NEUTRAL | The RSI value for QCOM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.85 | POSITIVE | The MACD value suggests QCOM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.76 | NEUTRAL | The Stochastics value for QCOM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for QCOM suggests some volalility. |
| Average Directional Index/ADX (14) | 14.99 | 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)
154.72
-3.98 (-2.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-2.51%
1 Week3.67%
2 Weeks6.56%
1 Month1.38%
3 Month-1.19%
6 Month-2.4%
12 Month-28.15%
2 Year29.97%
3 Year21.12%
5 Year69.63%
10 Year147.04%
15 Year371.13%
Volatility
ATR(14)3.69
ATR(20)%2.4%
ATR Inc-25.61%
Range Today2.73
ADR(20)3.36
ADR(20)%2.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.28
Mansfield-0.95
10 Day High162.14
10 Day Low144.48
20 Day High162.14
20 Day Low141.77
52 Week High230.63
52 Week Low120.8
CS1 End152.89
CR1 Start170.92
Volume & EV
DER(3)-0.7%
DER(5)0.75%
Volume8.45M
Volume Incr8.8%
Vol(5)8.53M
Vol(50)9.55M