The Greedy Trader Weekly Analysis
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Archive
- 6/17/2016
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QUALCOMM Inc.
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Summary:
Weekly :Williams' Percentage Range is overbought
Daily :A Parabolic SAR indicator is below and near the price
Move cursor over the icon to see details.

It was the third negative week after 4 consecutive positive weeks for the QUALCOMM Inc. (QCOM). During the week, the QCOM gave back -0.28 points, or -0.52%, and closed at 53.55 on Friday, June 17, 2016. Weekly volume was -19% 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 Broadening Descending Wedge chart pattern. The trend support level is at 36.61 and resistance is at 56.25. 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 uptrend had started on February 11, 2016 at 42.24 and reached 56.27 on May 25, 2016. QCOM gained -14.03 points, or -33.21%, in 14 weeks. The price is now at the 19.39% retracement level.

Weekly Technical Indicators: [See QCOM weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since February 12, 2016. This is an indication that the medium-term trend is up. 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 June 14, 2016 at 52.47 and reached 53.82 on June 17, 2016. QCOM gained -1.35 points, or -2.57%, in 3 days. The price is now at the 20.00% retracement level.

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

The daily MACD line is below its signal line since June 6, 2016.

A Parabolic SAR (stop and reversal) indicator (53.98) comes close to the price (53.55). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.50
Williams' Percentage Range (W%R) 66.80
Lane's Stochastic (%D-Slow) 22.38
Greed/Fear Indicator (GFI) 28.01
Moving Average Converg./Diverg. (MACD) 0.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.38
Williams' Percentage Range (W%R) 18.10
Overbought
Lane's Stochastic (%D-Slow) 73.55
Greed/Fear Indicator (GFI) 70.07
Moving Average Converg./Diverg. (MACD) -0.56
Trading Signals
Description Value Chart
Yearly Trendline Resistance 56.25
Upper Bollinger Band 55.61
Weekly Stochastic Crossing 54.72
20 Day Moving Average 54.50
Parabolic System 53.98
Price 53.55
Daily Stochastic Crossing 53.17
50 Day Moving Average 52.80
Lower Bollinger Band 51.93
Sector and Industry
Description Name Rank
Sector Technology 7
Industry Communication Equipment 106
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 52.47
Low Date 06/14/2016
High 53.82
High Date 06/17/2016
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 52.47
Low Date 06/14/2016
High 53.82
High Date 06/17/2016
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 56.27
High Date 05/25/2016
Low 52.47
Low Date 06/14/2016
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.24
Low Date 02/11/2016
High 56.27
High Date 05/25/2016
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 56.25
Support 36.61
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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