The Greedy Trader Weekly Analysis
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Archive
- 7/18/2014
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QUALCOMM Inc.
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Summary:
Weekly :Overbought sectorTrend resistance at 79.47
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARBearish Downside Tasuki Gap CandlestickWilliams' Percentage Range is oversoldPrice is close to the 50 Day Moving AverageThe price is close to the moving average in the center of the Bollinger Bands
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It was the second consecutive negative week for the QUALCOMM Inc. (QCOM). During the week, the QCOM gave back -0.21 points, or -0.26%, and closed at 79.39 on Friday, July 18, 2014. Weekly volume was -17% 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 uptrend had started on November 21, 2008 at 28.16 and reached 81.66 on April 21, 2014. QCOM gained -53.50 points, or -189.99%, in 282 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (79.47). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See QCOM medium-term trend chart]
A medium-term downtrend had started on April 21, 2014 at 81.66 and reached 76.77 on April 24, 2014. QCOM lost 4.89 points, or 5.99%, in 0 weeks. The price is now at the 53.58% retracement level.

Weekly Technical Indicators: [See QCOM weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since May 16, 2014. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See QCOM short-term trend chart]
A short-term downtrend had started on July 3, 2014 at 81.28 and reached 77.88 on July 17, 2014. QCOM lost 3.40 points, or 4.18%, in 14 days. The price is now at the 44.41% retracement level.

Daily Technical Indicators: [See QCOM daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

The price is close to the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See QCOM candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.96
Williams' Percentage Range (W%R) 80.30
Oversold
Lane's Stochastic (%D-Slow) 22.94
Greed/Fear Indicator (GFI) 31.87
Moving Average Converg./Diverg. (MACD) 0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.16
Williams' Percentage Range (W%R) 36.10
Lane's Stochastic (%D-Slow) 55.09
Greed/Fear Indicator (GFI) 55.42
Moving Average Converg./Diverg. (MACD) 2.10
Trading Signals
Description Value Chart
Upper Bollinger Band 81.26
Parabolic System 81.05
Weekly Stochastic Crossing 79.80
50 Day Moving Average 79.71
20 Day Moving Average 79.62
Yearly Trendline Resistance 79.47
Price 79.39
Daily Stochastic Crossing 78.60
Lower Bollinger Band 77.96
Yearly Trendline Support 67.95
Sector and Industry
Description Name Rank
Sector Technology 8
Industry Communication Equipment 59
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 81.28
High Date 07/03/2014
Low 77.88
Low Date 07/17/2014
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.28
High Date 07/03/2014
Low 77.88
Low Date 07/17/2014
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.66
High Date 04/21/2014
Low 76.77
Low Date 04/24/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.66
High Date 04/21/2014
Low 76.77
Low Date 04/24/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 79.47
Support 67.95
Low 28.16
Low Date 11/21/2008
High 81.66
High Date 04/21/2014
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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