The Greedy Trader Weekly Analysis
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Archive
- 4/4/2014
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QUALCOMM Inc.
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineTrend resistance at 77.77
Daily :Williams' Percentage Range is strongly overboughtStochastic has declined below the signal lineLane's Stochastic and MACD bearish divergenceThe price has fallen below the Parabolic SAR
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It was the first negative week for the QUALCOMM Inc. (QCOM). During the week, the QCOM gave back -0.75 points, or -0.95%, and closed at 78.53 on Friday, April 04, 2014. Weekly volume was -19% below 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 81.36 on April 4, 2014. QCOM gained -53.20 points, or -188.92%, in 280 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (65.80) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 resistance line in a long-term trend.

Medium-term trend: [See QCOM medium-term trend chart]
A medium-term uptrend had started on July 17, 2012 at 53.09 and reached 81.36 on April 4, 2014. QCOM gained -28.27 points, or -53.25%, in 89 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (77.77). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See QCOM weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 weekly MACD line is above its signal line since August 2, 2013. 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 October 9, 2013 at 65.47 and reached 81.36 on April 4, 2014. QCOM gained -15.89 points, or -24.27%, in 177 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 76.67 and resistance is at 79.91. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See QCOM daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since March 17, 2014. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.32
Williams' Percentage Range (W%R) 1.60
Strong Overbought
Lane's Stochastic (%D-Slow) 73.07
Bearish
Greed/Fear Indicator (GFI) 76.61
Moving Average Converg./Diverg. (MACD) 0.98 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.33
Williams' Percentage Range (W%R) 0.80
Strong Overbought
Lane's Stochastic (%D-Slow) 88.18
Overbought
Greed/Fear Indicator (GFI) 81.18
Overbought
Moving Average Converg./Diverg. (MACD) 2.29
Trading Signals
Description Value Chart
Parabolic System 81.38
Upper Bollinger Band 81.06
Daily Stochastic Crossing 80.47
Weekly Stochastic Crossing 80.46
Weekly Trendline Resistance 79.91
Price 78.53
20 Day Moving Average 77.99
Quarterly Trendline Resistance 77.77
Yearly Trendline Resistance 77.23
Weekly Trendline Support 76.67
50 Day Moving Average 76.04
Lower Bollinger Band 75.25
Quarterly Trendline Support 67.16
Yearly Trendline Support 65.80
Sector and Industry
Description Name Rank
Sector Technology 3
Industry Communication Equipment 131
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 73.04
Low Date 03/03/2014
High 81.36
High Date 04/04/2014
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 79.91
Support 76.67
Low 65.47
Low Date 10/09/2013
High 81.36
High Date 04/04/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status
Resistance
Support
Low 59.02
Low Date 07/09/2013
High 81.36
High Date 04/04/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 77.77
Support 67.16
Low 53.09
Low Date 07/17/2012
High 81.36
High Date 04/04/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 77.23
Support 65.80
Low 28.16
Low Date 11/21/2008
High 81.36
High Date 04/04/2014
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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