QUALCOMM INC (QCOM) Stock Technical Analysis
USA - NASDAQ:QCOM - US7475251036 - Common Stock
167.77 USD
+2.31 (+1.4%)
168.2 USD
+0.43 (+0.26%)
Taking everything into account, QCOM scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, QCOM is only an average performer.
QCOM is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 60% of 112 stocks in the same industry do better.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
QCOM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so QCOM is lagging the market slightly.
In the last month QCOM has a been trading in the 157.96 - 174.44 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
QCOM has an average volume of 7849990 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 48% of them, which is more or less in line with the market.
Besides having an excellent technical rating, QCOM also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 167.69, a Stop Loss order could be placed below this zone.
More info and screens
143.75
176.10
When analyzing the support we can see 3 important areas.
- A support zone ranging from 166.93 to 167.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 157.21 to 161.92. 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.
2 important resistance areas can be observed.
- Resistance @169.21 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 173.56 to 174.36. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for QCOM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QCOM is neutral. |
| ChartMill Relative Strength | 48.23 | 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) | 55.78 | NEUTRAL | The RSI value for QCOM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests QCOM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.55 | NEUTRAL | The Stochastics value for QCOM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for QCOM suggests some volalility. |
| Average Directional Index/ADX (14) | 28.57 | POSITIVE | The high ADX value value for QCOM suggests a strong 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 |
|---|---|---|---|
| 169.22 | 166.92 | 2.30 (1.36%) | 25.00% |
| An entry @169.22. This is a Buy Stop order right above the resistance zone. | An exit @166.92. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.30 points, which is 1.36%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.34%. |
- The distance between exit and entry is rather small compared to the average daily movement of QCOM. Please evaluate whether better entry and exit points can be found.
- 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.
167.77
+2.31 (+1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg1.4%
1 Week0.77%
2 Weeks-3.33%
1 Month5.55%
3 Month6.55%
6 Month20.48%
12 Month-1.3%
2 Year53.93%
3 Year42.59%
5 Year36%
10 Year182.35%
15 Year271.5%
Volatility
ATR(14)3.88
ATR(20)%2.21%
ATR Inc62.38%
Range Today4.67
ADR(20)3.53
ADR(20)%2.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.23
Mansfield-0.5
10 Day High171.98
10 Day Low163.89
20 Day High174.44
20 Day Low157.96
52 Week High182.1
52 Week Low120.8
CS1 End167.69
CR1 Start169.21
Volume & EV
DER(3)-0.65%
DER(5)0.31%
Volume7.30M
Volume Incr-13.11%
Vol(5)6.67M
Vol(50)7.85M