The Greedy Trader Weekly Analysis
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Archive
- 2/10/2017
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QUALCOMM Inc.
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Summary:
Weekly :Overbought sectorBroken trend support line - Downtrend exhaustionLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldPrice is near the Fibonacci 61.8% retracement level
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe period of high volatility of the stock price
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It was a first positive week after 3 consecutive negative weeks for the QUALCOMM Inc. (QCOM). During the week, the QCOM gained 1.02 points, or 1.93%, and closed at 54.00 on Friday, February 10, 2017. QCOM was trading at average weekly trading volume.

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 February 11, 2016 at 42.24 and reached 71.62 on October 27, 2016. QCOM gained -29.38 points, or -69.55%, in 37 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See QCOM medium-term trend chart]
A medium-term downtrend had started on October 27, 2016 at 71.62 and reached 52.37 on February 2, 2017. QCOM lost 19.25 points, or 26.88%, in 14 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend support line (64.71) 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 Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since November 25, 2016. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend 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 February 2, 2017 at 52.37 and reached 54.28 on February 10, 2017. QCOM gained -1.91 points, or -3.65%, in 8 days. The price is now at the 14.66% retracement level.

Daily Technical Indicators: [See QCOM daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The distance between the Bollinger Bands is 247.98% higher then one year average. It indicates the period of high volatility of the stock price. 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) 45.09
Williams' Percentage Range (W%R) 94.30
Strong Oversold
Lane's Stochastic (%D-Slow) 34.43
Greed/Fear Indicator (GFI) 28.41
Moving Average Converg./Diverg. (MACD) -3.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.78
Williams' Percentage Range (W%R) 95.60
Strong Oversold
Lane's Stochastic (%D-Slow) 13.75
Oversold
Greed/Fear Indicator (GFI) 18.66
Oversold
Moving Average Converg./Diverg. (MACD) 1.50
Trading Signals
Description Value Chart
Upper Bollinger Band 66.15
Monthly Trendline Support 64.71
50 Day Moving Average 62.64
20 Day Moving Average 56.52
Parabolic System 54.76
Price 54.00
Weekly Stochastic Crossing 53.94
Daily Stochastic Crossing 53.14
Lower Bollinger Band 46.69
Sector and Industry
Description Name Rank
Sector Technology 10
Industry Communication Equipment 47
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 52.37
Low Date 02/02/2017
High 54.28
High Date 02/10/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.24
High Date 12/13/2016
Low 52.37
Low Date 02/02/2017
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 66.06
Support 64.71
High 71.62
High Date 10/27/2016
Low 52.37
Low Date 02/02/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.24
Low Date 02/11/2016
High 71.62
High Date 10/27/2016
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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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