The Greedy Trader Weekly Analysis
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Archive
- 4/17/2015
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QUALCOMM Inc.
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Summary:
Weekly :
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the first negative week for the QUALCOMM Inc. (QCOM). During the week, the QCOM dropped -2.05 points, or -2.96%, and closed at 67.11 on Friday, April 17, 2015. Weekly volume was 51% above average.

Long-term trend: [See QCOM long-term trend chart]
A long-term downtrend had started on July 23, 2014 at 81.97 and reached 62.26 on February 2, 2015. QCOM lost 19.71 points, or 24.05%, in 27 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 57.88 and resistance is at 74.82. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See QCOM medium-term trend chart]
A medium-term downtrend had started on March 10, 2015 at 74.09 and reached 65.68 on March 26, 2015. QCOM lost 8.41 points, or 11.35%, in 2 weeks. The price is now at the 17.00% 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 March 20, 2015. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 April 6, 2015 at 66.18 and reached 71.90 on April 13, 2015. QCOM gained -5.72 points, or -8.64%, in 7 days. The price is now at the 83.74% retracement level.

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

The distance between MACD and the signal line is low and getting smaller.

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.

During the last week, the price has declined below 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.50
Williams' Percentage Range (W%R) 70.90
Lane's Stochastic (%D-Slow) 33.44
Greed/Fear Indicator (GFI) 37.68
Moving Average Converg./Diverg. (MACD) -0.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.92
Williams' Percentage Range (W%R) 61.10
Lane's Stochastic (%D-Slow) 46.89
Greed/Fear Indicator (GFI) 43.72
Moving Average Converg./Diverg. (MACD) -1.35
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 74.82
Parabolic System 71.77
Upper Bollinger Band 70.54
50 Day Moving Average 69.66
Weekly Stochastic Crossing 69.37
Daily Stochastic Crossing 68.45
20 Day Moving Average 68.38
Price 67.11
Lower Bollinger Band 66.65
Quarterly Trendline Support 57.88
Sector and Industry
Description Name Rank
Sector Technology 4
Industry Communication Equipment 41
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 66.18
Low Date 04/06/2015
High 71.90
High Date 04/13/2015
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 74.09
High Date 03/10/2015
Low 65.68
Low Date 03/26/2015
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 62.26
Low Date 02/02/2015
High 74.09
High Date 03/10/2015
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 74.82
Support 57.88
High 81.97
High Date 07/23/2014
Low 62.26
Low Date 02/02/2015
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.97
High Date 07/23/2014
Low 62.26
Low Date 02/02/2015
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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