The Greedy Trader Weekly Analysis
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Archive
- 1/16/2015
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QUALCOMM Inc.
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Summary:
Weekly :Trend support at 71.70
Daily :The price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageWilliams' Percentage Range and Lane's Stochastic are oversoldTrend support at 71.21The 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 -3.13 points, or -4.21%, and closed at 71.29 on Friday, January 16, 2015. It was the worst weekly loss since November 7, 2014. Weekly volume was 21% above average.

Long-term trend: [See QCOM long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 28.16 and reached 81.97 on July 23, 2014. QCOM gained -53.81 points, or -191.09%, in 295 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (71.70) line. The support is usually stronger when technical indicators are oversold. 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 support line in a long-term trend.

Medium-term trend: [See QCOM medium-term trend chart]
A medium-term downtrend had started on July 23, 2014 at 81.97 and reached 67.67 on November 6, 2014. QCOM lost 14.30 points, or 17.45%, in 15 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 64.57 and resistance is at 76.66. 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 medium-term trend.

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

The weekly MACD line is above its signal line since December 26, 2014. The distance between MACD and the signal line is low and getting smaller. 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 November 6, 2014 at 67.67 and reached 75.72 on December 26, 2014. QCOM gained -8.05 points, or -11.90%, in 50 days. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The price is near the trend support (71.21) line. The support is usually stronger when technical indicators are oversold. 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 support line in a short-term trend.

Daily Technical Indicators: [See QCOM daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 daily MACD line is below its signal line since January 5, 2015.

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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 21.70
Williams' Percentage Range (W%R) 87.00
Oversold
Lane's Stochastic (%D-Slow) 19.27
Oversold
Greed/Fear Indicator (GFI) 18.00
Oversold
Moving Average Converg./Diverg. (MACD) 0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.11
Williams' Percentage Range (W%R) 70.70
Lane's Stochastic (%D-Slow) 53.46
Greed/Fear Indicator (GFI) 42.87
Moving Average Converg./Diverg. (MACD) -0.88 Bullish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 83.12
Weekly Trendline Resistance 78.39
Quarterly Trendline Resistance 76.66
Upper Bollinger Band 75.42
Parabolic System 74.57
20 Day Moving Average 73.79
Weekly Stochastic Crossing 73.20
50 Day Moving Average 72.53
Yearly Trendline Support 71.70
Price 71.29
Weekly Trendline Support 71.21
Daily Stochastic Crossing 70.96
Lower Bollinger Band 70.84
Quarterly Trendline Support 64.57
Sector and Industry
Description Name Rank
Sector Technology 3
Industry Communication Equipment 93
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 75.72
High Date 12/26/2014
Low 70.12
Low Date 01/16/2015
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Test Support
Resistance 78.39
Support 71.21
Low 67.67
Low Date 11/06/2014
High 75.72
High Date 12/26/2014
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.53
High Date 11/03/2014
Low 67.67
Low Date 11/06/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 76.66
Support 64.57
High 81.97
High Date 07/23/2014
Low 67.67
Low Date 11/06/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 83.12
Support 71.70
Low 28.16
Low Date 11/21/2008
High 81.97
High Date 07/23/2014
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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