The Greedy Trader Weekly Analysis
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Archive
- 3/17/2017
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QUALCOMM Inc.
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Summary:
Weekly :Overbought sector
Daily :Williams' Percentage Range is overboughtThe price has fallen below the Parabolic SARPrice is close to the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement levelThe price is close to 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 -1.09 points, or -1.86%, and closed at 57.55 on Friday, March 17, 2017. QCOM was trading at average weekly trading volume.

QCOM is a member of Technology Sector. Technology is the 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 February 11, 2016 at 42.24 and reached 71.62 on October 27, 2016. QCOM gained -29.38 points, or -69.55%, in 37 weeks. The price is now at the 47.89% retracement level.

Medium-term trend: [See QCOM medium-term trend chart]
A medium-term downtrend had started on October 27, 2016 at 71.62 and reached 52.37 on February 2, 2017. QCOM lost 19.25 points, or 26.88%, in 14 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 44.22 and resistance is at 67.48. 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 below its signal line since November 25, 2016. 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 uptrend had started on February 2, 2017 at 52.37 and reached 59.04 on March 13, 2017. QCOM gained -6.67 points, or -12.74%, in 39 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See QCOM daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 daily MACD line is above its signal line since February 9, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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 overbought, the 50 Day Moving Average is considered a resistance 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.62
Williams' Percentage Range (W%R) 14.90
Overbought
Lane's Stochastic (%D-Slow) 72.27
Greed/Fear Indicator (GFI) 71.66
Moving Average Converg./Diverg. (MACD) 0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.42
Williams' Percentage Range (W%R) 67.80
Lane's Stochastic (%D-Slow) 29.81
Greed/Fear Indicator (GFI) 33.23
Moving Average Converg./Diverg. (MACD) -0.38
Trading Signals
Description Value Chart
Monthly Trendline Resistance 67.48
Upper Bollinger Band 58.99
Daily Stochastic Crossing 58.37
50 Day Moving Average 57.90
Parabolic System 57.66
Price 57.55
20 Day Moving Average 57.32
Weekly Stochastic Crossing 56.76
Lower Bollinger Band 55.87
Sector and Industry
Description Name Rank
Sector Technology 10
Industry Communication Equipment 81
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 55.89
Low Date 02/28/2017
High 59.04
High Date 03/13/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 52.37
Low Date 02/02/2017
High 59.04
High Date 03/13/2017
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 67.48
Support 44.22
High 71.62
High Date 10/27/2016
Low 52.37
Low Date 02/02/2017
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 DownTrend
Status
Resistance
Support
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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