The Greedy Trader Weekly Analysis
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Archive
- 7/14/2017
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QUALCOMM Inc.
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Summary:
Weekly :
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the QUALCOMM Inc. (QCOM). During the week, the QCOM gained 1.46 points, or 2.64%, and closed at 56.81 on Friday, July 14, 2017. It was the best weekly gain since May 19, 2017. Weekly volume was -46% below 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 42.24 on February 11, 2016. QCOM lost 39.73 points, or 48.47%, in 81 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 52.58 and resistance is at 68.40. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.

Medium-term trend: [See QCOM medium-term trend chart]
A medium-term uptrend had started on April 28, 2017 at 51.05 and reached 59.89 on May 23, 2017. QCOM gained -8.84 points, or -17.32%, in 3 weeks. The price is now at the 34.84% retracement level.

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

The weekly MACD line is above its signal line since May 19, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 May 23, 2017 at 59.89 and reached 54.55 on June 29, 2017. QCOM lost 5.34 points, or 8.92%, in 37 days. The chart has formed a Falling Channel chart pattern.

Daily Technical Indicators: [See QCOM daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 Lane's Stochastic help.

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

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 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.33
Williams' Percentage Range (W%R) 37.90
Lane's Stochastic (%D-Slow) 75.46
Greed/Fear Indicator (GFI) 62.30
Moving Average Converg./Diverg. (MACD) -0.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.60
Williams' Percentage Range (W%R) 38.30
Lane's Stochastic (%D-Slow) 50.32
Greed/Fear Indicator (GFI) 56.40
Moving Average Converg./Diverg. (MACD) -1.18
Trading Signals
Description Value Chart
Upper Bollinger Band 57.63
Weekly Stochastic Crossing 56.98
Price 56.81
50 Day Moving Average 56.58
Daily Stochastic Crossing 56.47
20 Day Moving Average 56.01
Parabolic System 54.72
Lower Bollinger Band 54.56
Yearly Trendline Support 52.58
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Communication Equipment 113
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 59.89
High Date 05/23/2017
Low 54.55
Low Date 06/29/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 51.05
Low Date 04/28/2017
High 59.89
High Date 05/23/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 71.62
High Date 10/27/2016
Low 51.05
Low Date 04/28/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.24
Low Date 02/11/2016
High 71.62
High Date 10/27/2016
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 68.40
Support 52.58
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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