The Greedy Trader Weekly Analysis
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Archive
- 9/16/2016
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QUALCOMM Inc.
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are strongly overboughtBroken trend resistance line
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was a first positive week for the QUALCOMM Inc. (QCOM). During the week, the QCOM gained 2.47 points, or 4.08%, and closed at 62.99 on Friday, September 16, 2016. It was the best weekly gain since July 22, 2016. Weekly volume was -14% below average.

QCOM is a member of Technology Sector. Technology is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See QCOM long-term trend chart]
A long-term downtrend had started on July 23, 2014 at 81.97 and reached 42.24 on February 11, 2016. QCOM lost 39.73 points, or 48.47%, in 81 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (31.81) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See QCOM medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 42.24 and reached 63.70 on September 2, 2016. QCOM gained -21.46 points, or -50.80%, in 29 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 51.90 and resistance is at 64.83. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See QCOM weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since February 12, 2016. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See QCOM short-term trend chart]
A short-term uptrend had started on September 14, 2016 at 61.04 and reached 63.44 on September 16, 2016. QCOM gained -2.40 points, or -3.93%, in 2 days. The price is now at the 18.75% retracement level.

Daily Technical Indicators: [See QCOM daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since August 8, 2016. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 4.45% on Friday. It is 64.18% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.12
Williams' Percentage Range (W%R) 20.40
Lane's Stochastic (%D-Slow) 59.61
Greed/Fear Indicator (GFI) 63.10
Moving Average Converg./Diverg. (MACD) 0.52
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.92
Williams' Percentage Range (W%R) 5.70
Strong Overbought
Lane's Stochastic (%D-Slow) 91.53
Strong Overbought
Greed/Fear Indicator (GFI) 82.45
Overbought
Moving Average Converg./Diverg. (MACD) 1.99
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 64.83
Upper Bollinger Band 63.61
Weekly Stochastic Crossing 63.34
Price 62.99
20 Day Moving Average 62.60
Monthly Trendline Support 62.15
Daily Stochastic Crossing 62.01
Monthly Trendline Resistance 61.45
50 Day Moving Average 60.83
Lower Bollinger Band 60.80
Parabolic System 60.01
Yearly Trendline Resistance 52.88
Quarterly Trendline Support 51.90
Sector and Industry
Description Name Rank
Sector Technology 8
Industry Communication Equipment 144
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 61.04
Low Date 09/14/2016
High 63.44
High Date 09/16/2016
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.04
Low Date 09/14/2016
High 63.44
High Date 09/16/2016
Description Value
Direction Down
Chart Pattern Rising Pennant
Status Broken Resistance
Resistance 61.45
Support 62.15
High 63.70
High Date 09/02/2016
Low 59.93
Low Date 09/12/2016
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 64.83
Support 51.90
Low 42.24
Low Date 02/11/2016
High 63.70
High Date 09/02/2016
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 52.88
Support 31.81
High 81.97
High Date 07/23/2014
Low 42.24
Low Date 02/11/2016
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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