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|It was the second negative week after 3 consecutive positive weeks for the QUALCOMM Inc. (QCOM). During the week, the QCOM gave back -0.32 points, or -0.42%, and closed at 75.29 on Friday, February 28, 2014. Weekly volume was -29% below average. |
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 July 17, 2012 at 53.09 and reached 76.75 on February 13, 2014. QCOM gained -23.66 points, or -44.57%, in 82 weeks. The price is now at the 6.17% retracement level.
Medium-term trend: [See QCOM medium-term trend chart]
A medium-term uptrend had started on July 9, 2013 at 59.02 and reached 76.75 on February 13, 2014. QCOM gained -17.73 points, or -30.04%, in 31 weeks. The price is now at the 8.23% retracement level.
Weekly Technical Indicators: [See QCOM weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish 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 links to access Relative Strength Index 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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 January 29, 2014 at 70.98 and reached 76.75 on February 13, 2014. QCOM gained -5.77 points, or -8.13%, in 15 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See QCOM daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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.