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Archive
- 8/8/2014
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QUALCOMM Inc.
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversoldBroken trend support line
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaThe Bollinger Bands are historically far apart
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It was a first positive week after 4 consecutive negative weeks for the QUALCOMM Inc. (QCOM). During the week, the QCOM gained 1.33 points, or 1.83%, and closed at 73.88 on Friday, August 08, 2014. 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 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 trend support level is at 68.39 and resistance is at 80.06. 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 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 81.97 on July 23, 2014. QCOM gained -28.88 points, or -54.40%, in 105 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (76.71) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. QCOM may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.

Weekly Technical Indicators: [See QCOM weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 below its signal line since May 16, 2014. The distance between MACD and the signal line is near its high and getting bigger. 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 August 1, 2014 at 71.82 and reached 73.96 on August 8, 2014. QCOM gained -2.14 points, or -2.98%, in 7 days. Price is near the trend high.

Daily Technical Indicators: [See QCOM daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since July 23, 2014.

The distance between the Bollinger Bands (16.51%) is close to one year high (14.39%). It is 197.81% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.43
Williams' Percentage Range (W%R) 93.00
Strong Oversold
Lane's Stochastic (%D-Slow) 22.90
Greed/Fear Indicator (GFI) 20.44
Moving Average Converg./Diverg. (MACD) -1.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.37
Williams' Percentage Range (W%R) 93.00
Strong Oversold
Lane's Stochastic (%D-Slow) 36.41
Greed/Fear Indicator (GFI) 27.87
Moving Average Converg./Diverg. (MACD) 1.64
Trading Signals
Description Value Chart
Upper Bollinger Band 81.91
Quarterly Trendline Resistance 81.62
Yearly Trendline Resistance 80.06
50 Day Moving Average 78.42
Quarterly Trendline Support 76.71
20 Day Moving Average 76.49
Parabolic System 74.98
Weekly Stochastic Crossing 74.52
Price 73.88
Daily Stochastic Crossing 72.93
Lower Bollinger Band 69.71
Yearly Trendline Support 68.39
Sector and Industry
Description Name Rank
Sector Technology 9
Industry Communication Equipment 18
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 71.82
Low Date 08/01/2014
High 73.96
High Date 08/08/2014
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.97
High Date 07/23/2014
Low 71.82
Low Date 08/01/2014
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.97
High Date 07/23/2014
Low 71.82
Low Date 08/01/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 81.62
Support 76.71
Low 53.09
Low Date 07/17/2012
High 81.97
High Date 07/23/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 80.06
Support 68.39
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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