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Archive
- 8/27/2010
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QUALCOMM Inc. |
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| Summary:
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| | It was the first negative week for the QUALCOMM Inc. (QCOM). During the week, the QCOM gave back -0.27 points, or -0.69%, and closed at 38.64 on Friday, August 27, 2010. Weekly volume was -27% below average.
 Long-term trend: [See QCOM long-term trend chart]
A long-term downtrend had started on January 8, 2010 at 49.80 and reached 31.63 on July 1, 2010. QCOM lost 18.17 points, or 36.49%, in 24 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (31.40) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a long-term trend.
 Medium-term trend: [See QCOM medium-term trend chart]
A medium-term uptrend had started on July 1, 2010 at 31.63 and reached 40.00 on August 10, 2010. QCOM gained -8.37 points, or -26.46%, in 5 weeks. The chart has formed a Rising Wedge chart pattern. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See QCOM weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since July 16, 2010. 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 downtrend had started on August 10, 2010 at 40.00 and reached 37.45 on August 16, 2010. QCOM lost 2.55 points, or 6.38%, in 6 days. The price is now at the 46.67% 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 August 11, 2010. 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.
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 distance between the Bollinger Bands is falling, and it was 5.18% on Friday. It is 61.08% lower than one year average. It indicates the period of low volatility of the stock price. 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.
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