QUALCOMM INC (QCOM) Stock Technical Analysis
USA - NASDAQ:QCOM - US7475251036 - Common Stock
We assign a technical rating of 8 out of 10 to QCOM. 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 has an excellent technical rating and also presents 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. There is very little resistance above the current price.
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152.59
When analyzing the support we can see 3 important areas.
- A support zone ranging from 176.33 to 177.25. 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 157.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @154.13 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @180.91 from a horizontal line in the weekly 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 | UP | POSITIVE | The short term trend for QCOM is up. |
| ChartMill Relative Strength | 77.02 | POSITIVE | QCOM has a high relative strength, it outperformed 77.02% 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) | UP | POSITIVE | The current price of QCOM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.14 | NEUTRAL | The RSI value for QCOM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.25 | POSITIVE | The MACD value suggests QCOM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.63 | NEUTRAL | The Stochastics value for QCOM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for QCOM suggests some volalility. |
| Average Directional Index/ADX (14) | 36.29 | POSITIVE | The high ADX value value for QCOM suggests a strong trend. |
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 |
|---|---|---|---|
| 180.92 | 176.32 | 4.60 (2.54%) | 25.00% |
| An entry @180.92. This is a Buy Stop order right above the resistance zone. | An exit @176.32. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.60 points, which is 2.54%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.64%. |
- 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.
180.72
-0.18 (-0.1%)
QUALCOMM INC / QCOM FAQ
What is the technical rating for QCOM stock?
ChartMill assigns a technical rating of 8 / 10 to QCOM.
What is the current trend direction of QUALCOMM INC (QCOM) stock?
The current trend direction for QUALCOMM INC (QCOM) is Bullish.
What is the RSI signal for QCOM stock?
QUALCOMM INC (QCOM) has an RSI value of 62.1436. This indicates that the stock is currently neutral.
What is the MACD signal for QUALCOMM INC (QCOM) stock?
The MACD indicator for QUALCOMM INC (QCOM) has a value of 1.25141, indicating a bullish trend.
Can you provide the buy/sell signal for QUALCOMM INC?
The buy/sell signal for QUALCOMM INC (QCOM) is buy as both the short term and long term trends are positive.