The Greedy Trader Weekly Analysis
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Archive
- 6/26/2015
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QUALCOMM Inc.
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Summary:
Weekly :Broken trend support line - Downtrend exhaustionWilliams' Percentage Range is oversold
Daily :Williams' Percentage Range is oversold
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It was the fourth consecutive negative week for the QUALCOMM Inc. (QCOM). During the week, the QCOM dropped -2.21 points, or -3.30%, and closed at 64.67 on Friday, June 26, 2015. It was the worst weekly loss since March 27, 2015. Weekly volume was 56% 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 price is now at the 12.23% retracement level.

Medium-term trend: [See QCOM medium-term trend chart]
A medium-term downtrend had started on April 13, 2015 at 71.90 and reached 64.60 on June 26, 2015. QCOM lost 7.30 points, or 10.15%, in 10 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend support line (65.38) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 support in a medium-term trend.

Weekly Technical Indicators: [See QCOM weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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.

The weekly MACD line is below its signal line since June 12, 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 downtrend had started on May 28, 2015 at 71.32 and reached 64.60 on June 26, 2015. QCOM lost 6.72 points, or 9.42%, in 29 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 64.40 and resistance is at 65.63. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.

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.

The daily MACD line is below its signal line since May 29, 2015. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.06
Williams' Percentage Range (W%R) 85.70
Oversold
Lane's Stochastic (%D-Slow) 29.15
Greed/Fear Indicator (GFI) 24.84
Moving Average Converg./Diverg. (MACD) -0.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.97
Williams' Percentage Range (W%R) 91.80
Strong Oversold
Lane's Stochastic (%D-Slow) 31.58
Greed/Fear Indicator (GFI) 27.72
Moving Average Converg./Diverg. (MACD) -1.21
Trading Signals
Description Value Chart
Monthly Trendline Resistance 70.94
Upper Bollinger Band 69.79
50 Day Moving Average 68.42
Parabolic System 67.40
20 Day Moving Average 67.27
Weekly Stochastic Crossing 66.08
Weekly Trendline Resistance 65.63
Monthly Trendline Support 65.38
Daily Stochastic Crossing 65.14
Price 64.67
Lower Bollinger Band 64.42
Weekly Trendline Support 64.40
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Communication Equipment 53
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 67.67
High Date 06/18/2015
Low 64.60
Low Date 06/26/2015
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 65.63
Support 64.40
High 71.32
High Date 05/28/2015
Low 64.60
Low Date 06/26/2015
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Support
Resistance 70.94
Support 65.38
High 71.90
High Date 04/13/2015
Low 64.60
Low Date 06/26/2015
Quarterly Trend
Yearly Trend
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
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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