The Greedy Trader Weekly Analysis
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Archive
- 7/15/2016
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QUALCOMM Inc.
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Summary:
Weekly :Overbought sectorTrend resistance at 55.23
Daily :Williams' Percentage Range and Lane's Stochastic are overbought
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It was a third positive week after 4 consecutive negative weeks for the QUALCOMM Inc. (QCOM). During the week, the QCOM gained 0.56 points, or 1.03%, and closed at 54.75 on Friday, July 15, 2016. Weekly volume was -39% below average.

QCOM is a member of Technology Sector. Technology is the second 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 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 price is near the trend resistance line (55.23). 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 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 56.27 on May 25, 2016. QCOM gained -14.03 points, or -33.21%, in 14 weeks. The price is now at the 10.83% retracement level.

Weekly Technical Indicators: [See QCOM weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since February 12, 2016. 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 July 6, 2016 at 51.16 and reached 55.37 on July 14, 2016. QCOM gained -4.21 points, or -8.23%, in 8 days. The price is now at the 14.73% retracement level.

Daily Technical Indicators: [See QCOM daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 daily MACD line is above its signal line since July 7, 2016. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.94
Williams' Percentage Range (W%R) 15.00
Overbought
Lane's Stochastic (%D-Slow) 89.85
Overbought
Greed/Fear Indicator (GFI) 80.26
Overbought
Moving Average Converg./Diverg. (MACD) 0.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.22
Williams' Percentage Range (W%R) 21.40
Lane's Stochastic (%D-Slow) 54.35
Greed/Fear Indicator (GFI) 62.36
Moving Average Converg./Diverg. (MACD) -0.07
Trading Signals
Description Value Chart
Upper Bollinger Band 56.03
Yearly Trendline Resistance 55.23
Daily Stochastic Crossing 55.01
Price 54.75
Weekly Stochastic Crossing 53.85
20 Day Moving Average 53.57
50 Day Moving Average 53.56
Parabolic System 53.14
Lower Bollinger Band 51.58
Sector and Industry
Description Name Rank
Sector Technology 8
Industry Communication Equipment 104
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 51.16
Low Date 07/06/2016
High 55.37
High Date 07/14/2016
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 51.16
Low Date 07/06/2016
High 55.37
High Date 07/14/2016
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 50.84
Low Date 06/27/2016
High 55.37
High Date 07/14/2016
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.24
Low Date 02/11/2016
High 56.27
High Date 05/25/2016
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 55.23
Support 35.16
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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