QUALCOMM INC (QCOM) Stock Technical Analysis
NASDAQ:QCOM • US7475251036
We assign a technical rating of 0 out of 10 to QCOM. QCOM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, QCOM is a bad performer in the overall market: 80% of all stocks are doing better.
- QCOM is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 80% of 114 stocks in the same industry do better.
- QCOM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- QCOM is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- QCOM has an average volume of 9727870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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. There is a resistance zone just above the current price starting at 145.60. Right above this resistance zone may be a good entry point.
More info and screens
136.63
We found 1 important support area.
- Support @138.01 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 145.60 to 145.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 158.83 to 159.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @172.77 from a trend line in the weekly time frame.
- Resistance @187.68 from a horizontal line 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 | 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 | 20.77 | NEGATIVE | QCOM has a low relative strength, it was outperformed by 79.23% 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) | DOWN | NEGATIVE | The current price of QCOM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of QCOM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.54 | NEUTRAL | The RSI value for QCOM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.49 | POSITIVE | The MACD value suggests QCOM has a positive trend. |
| Stochastics (14,3) | 80.83 | OVERBOUGHT | The high Stochastics value suggests QCOM may be overbought. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for QCOM suggests some volalility. |
| Average Directional Index/ADX (14) | 34.68 | POSITIVE | The high ADX value value for QCOM suggests a strong trend. |
145.59
-0.23 (-0.16%)
QUALCOMM INC / QCOM 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 QCOM stock?
QUALCOMM INC (QCOM) has an RSI value of 45.5436. This indicates that the stock is currently neutral.
What is the MACD signal for QCOM stock?
The MACD indicator for QUALCOMM INC (QCOM) has a value of 1.49184, indicating a bullish trend.
What is the support and resistance level for QCOM stock?
QUALCOMM INC (QCOM) has a support level at 138.01 and a resistance level at 145.6. Check the full technical report for our detailed analysis of QCOM support and resistance levels.