Sign In to see current Signals.
Move cursor over the icon to see details.
|It was a fourth consecutive positive week for the QUALCOMM Inc. (QCOM). During the week, the QCOM climbed 0.47 points, or 0.64%, and closed at 73.37 on Friday, December 05, 2014. Weekly volume was 19% above 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 81.97 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 70.87 and resistance is at 82.35. 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 downtrend had started on July 23, 2014 at 81.97 and reached 67.67 on November 6, 2014. QCOM lost 14.30 points, or 17.45%, in 15 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 66.78 and resistance is at 77.49. 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 medium-term trend.
Weekly Technical Indicators: [See QCOM weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Relative Strength Index has bullish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 link to access Relative Strength Index help.
The weekly MACD line is below its signal line since May 16, 2014. This is an indication that the medium-term trend is down. 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 November 6, 2014 at 67.67 and reached 74.84 on December 3, 2014. QCOM gained -7.17 points, or -10.60%, in 27 days. The price is now at the 20.50% retracement level.
Daily Technical Indicators: [See QCOM daily technical indicators chart]
Daily technical indicators are neutral. 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. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since November 24, 2014. This is an indication that the short-term trend is up.
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.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.