The Greedy Trader Weekly Analysis
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Archive
- 8/19/2016
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QUALCOMM Inc.
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Summary:
Weekly :Overbought sectorOverbought industryWilliams' Percentage Range and Lane's Stochastic are strongly overboughtBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandThe Bollinger Bands are historically close together
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It was a first positive week for the QUALCOMM Inc. (QCOM). During the week, the QCOM gained 1.05 points, or 1.70%, and closed at 62.76 on Friday, August 19, 2016. Weekly volume was -40% below average.

QCOM is a member of Technology Sector. Technology is the most overbought sector. QCOM is a member of Communication Equipment Industry. Communication Equipment is the eighth most overbought industry. 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 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 downtrend resistance line (33.26) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. QCOM may retest the broken resistance line. It is considered to be a support 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 resistance line 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 63.04 on August 18, 2016. QCOM gained -20.80 points, or -49.24%, in 27 weeks. Price is near the trend high.

Weekly Technical Indicators: [See QCOM weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and 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 links to access Lane's Stochastic and 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. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 12, 2016 at 61.28 and reached 63.04 on August 18, 2016. QCOM gained -1.76 points, or -2.87%, in 6 days. The price is now at the 15.91% retracement level.

Daily Technical Indicators: [See QCOM daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.

The daily MACD line is below its signal line since August 8, 2016. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands (4.21%) is close to one year low (4.78%). It is 68.91% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy 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) 57.33
Williams' Percentage Range (W%R) 7.90
Strong Overbought
Lane's Stochastic (%D-Slow) 87.81
Overbought
Greed/Fear Indicator (GFI) 79.06
Moving Average Converg./Diverg. (MACD) 1.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.36
Williams' Percentage Range (W%R) 1.80
Strong Overbought
Lane's Stochastic (%D-Slow) 92.44
Strong Overbought
Greed/Fear Indicator (GFI) 83.48
Overbought
Moving Average Converg./Diverg. (MACD) 1.07
Trading Signals
Description Value Chart
Daily Stochastic Crossing 62.79
Price 62.76
Upper Bollinger Band 62.38
Weekly Stochastic Crossing 62.20
20 Day Moving Average 61.87
Parabolic System 60.49
Lower Bollinger Band 59.73
50 Day Moving Average 57.24
Yearly Trendline Resistance 53.90
Sector and Industry
Description Name Rank
Sector Technology 9
Industry Communication Equipment 156
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 61.28
Low Date 08/12/2016
High 63.04
High Date 08/18/2016
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 60.02
Low Date 08/02/2016
High 63.04
High Date 08/18/2016
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 50.84
Low Date 06/27/2016
High 63.04
High Date 08/18/2016
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.24
Low Date 02/11/2016
High 63.04
High Date 08/18/2016
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 53.90
Support 33.26
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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