The Greedy Trader Weekly Analysis
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Archive
- 8/21/2015
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QUALCOMM Inc.
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Summary:
Weekly :Broken trend support line - Downtrend exhaustionBroken trend support line - Downtrend exhaustionWilliams' Percentage Range is oversold
Daily :The price is below the lower Bollinger BandBroken trend support line - Downtrend exhaustionRelative Strength Index oversoldLane's Stochastic is strongly oversold
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It was the third consecutive negative week for the QUALCOMM Inc. (QCOM). During the week, the QCOM dropped -4.30 points, or -6.95%, and closed at 57.61 on Friday, August 21, 2015. Weekly volume was 17% above average.

Long-term trend: [See QCOM long-term trend chart]
A long-term downtrend had started on July 23, 2014 at 81.97 and reached 57.56 on August 21, 2015. QCOM lost 24.41 points, or 29.78%, in 56 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (58.97) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 long-term trend.

Medium-term trend: [See QCOM medium-term trend chart]
A medium-term downtrend had started on March 10, 2015 at 74.09 and reached 57.56 on August 21, 2015. QCOM lost 16.53 points, or 22.31%, in 23 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (59.23) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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 June 19, 2015. 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 downtrend had started on May 28, 2015 at 71.32 and reached 57.56 on August 21, 2015. QCOM lost 13.76 points, or 19.29%, in 85 days. The chart has formed a Falling Channel chart pattern. The downtrend support line (58.06) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 short-term trend.

Daily Technical Indicators: [See QCOM daily technical indicators chart]
Daily Relative Strength Index is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since August 12, 2015. This is an indication that the short-term trend is down.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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) 10.71
Oversold
Williams' Percentage Range (W%R) 71.20
Lane's Stochastic (%D-Slow) 7.71
Strong Oversold
Greed/Fear Indicator (GFI) 15.75
Oversold
Moving Average Converg./Diverg. (MACD) -0.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 20.12
Williams' Percentage Range (W%R) 85.10
Oversold
Lane's Stochastic (%D-Slow) 21.07
Greed/Fear Indicator (GFI) 22.45
Moving Average Converg./Diverg. (MACD) -1.95
Trading Signals
Description Value Chart
Yearly Trendline Resistance 68.35
Upper Bollinger Band 65.20
50 Day Moving Average 63.60
Quarterly Trendline Resistance 63.10
Parabolic System 62.46
20 Day Moving Average 62.46
Weekly Trendline Resistance 61.67
Weekly Stochastic Crossing 59.35
Quarterly Trendline Support 59.23
Yearly Trendline Support 58.97
Lower Bollinger Band 58.94
Monthly Trendline Support 58.43
Weekly Trendline Support 58.06
Daily Stochastic Crossing 57.80
Price 57.61
Sector and Industry
Description Name Rank
Sector Technology 4
Industry Communication Equipment 80
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 64.95
High Date 07/31/2015
Low 57.56
Low Date 08/21/2015
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 61.67
Support 58.06
High 71.32
High Date 05/28/2015
Low 57.56
Low Date 08/21/2015
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Support
Resistance 70.23
Support 58.43
High 71.90
High Date 04/13/2015
Low 57.56
Low Date 08/21/2015
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 63.10
Support 59.23
High 74.09
High Date 03/10/2015
Low 57.56
Low Date 08/21/2015
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 68.35
Support 58.97
High 81.97
High Date 07/23/2014
Low 57.56
Low Date 08/21/2015
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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