The Greedy Trader Weekly Analysis
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Archive
- 5/20/2016
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QUALCOMM Inc.
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Summary:
Weekly :Williams' Percentage Range is overbought
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger BandPrice has crossed above the 50 Day Moving Average
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It was a third consecutive positive week for the QUALCOMM Inc. (QCOM). During the week, the QCOM gained 3.20 points, or 6.24%, and closed at 54.52 on Friday, May 20, 2016. It was the best weekly gain since February 19, 2016. Weekly volume was -22% below 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 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 trend support level is at 38.06 and resistance is at 57.27. 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 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 54.58 on May 20, 2016. QCOM gained -12.34 points, or -29.21%, in 14 weeks. Price is near the trend high.

Weekly Technical Indicators: [See QCOM weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought 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 link to access Williams' Percentage Range help.

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 May 13, 2016 at 51.10 and reached 54.58 on May 20, 2016. QCOM gained -3.48 points, or -6.81%, in 7 days. Price is near the trend high.

Daily Technical Indicators: [See QCOM daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.

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

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish 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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.11
Williams' Percentage Range (W%R) 36.00
Lane's Stochastic (%D-Slow) 81.17
Overbought
Greed/Fear Indicator (GFI) 73.42
Moving Average Converg./Diverg. (MACD) 0.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.01
Williams' Percentage Range (W%R) 13.00
Overbought
Lane's Stochastic (%D-Slow) 61.47
Greed/Fear Indicator (GFI) 67.80
Moving Average Converg./Diverg. (MACD) -1.36
Trading Signals
Description Value Chart
Yearly Trendline Resistance 57.27
Price 54.52
Daily Stochastic Crossing 53.99
Upper Bollinger Band 53.98
Weekly Stochastic Crossing 52.49
20 Day Moving Average 51.88
50 Day Moving Average 51.52
Parabolic System 51.38
Lower Bollinger Band 50.05
Sector and Industry
Description Name Rank
Sector Technology 4
Industry Communication Equipment 87
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 51.10
Low Date 05/13/2016
High 54.58
High Date 05/20/2016
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 51.10
Low Date 05/13/2016
High 54.58
High Date 05/20/2016
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 50.11
Low Date 04/29/2016
High 54.58
High Date 05/20/2016
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.24
Low Date 02/11/2016
High 54.58
High Date 05/20/2016
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 57.27
Support 38.06
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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