The Greedy Trader Weekly Analysis
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Archive
- 4/13/2018
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QUALCOMM Inc.
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Summary:
Weekly :Overbought sectorLane's Stochastic is oversoldStochastic has raised above the signal line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week for the QUALCOMM Inc. (QCOM). During the week, the QCOM gained 2.61 points, or 4.91%, and closed at 55.73 on Friday, April 13, 2018. It was the best weekly gain since January 19, 2018. Weekly volume was -22% 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 downtrend had started on October 27, 2016 at 71.62 and reached 48.92 on September 8, 2017. QCOM lost 22.70 points, or 31.70%, in 45 weeks. The price is now at the 30% retracement level.

Medium-term trend: [See QCOM medium-term trend chart]
A medium-term downtrend had started on November 24, 2017 at 69.28 and reached 53.07 on April 2, 2018. QCOM lost 16.21 points, or 23.40%, in 18 weeks. The price is now at the 16.41% retracement level.

Weekly Technical Indicators: [See QCOM weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since February 16, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively 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 downtrend had started on January 17, 2018 at 68.90 and reached 53.07 on April 2, 2018. QCOM lost 15.83 points, or 22.98%, in 75 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See QCOM daily technical indicators chart]
Daily technical indicators are neutral.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.65
Williams' Percentage Range (W%R) 58.00
Lane's Stochastic (%D-Slow) 57.77
Greed/Fear Indicator (GFI) 52.82
Moving Average Converg./Diverg. (MACD) -2.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.29
Williams' Percentage Range (W%R) 78.20
Lane's Stochastic (%D-Slow) 11.19
Oversold
Greed/Fear Indicator (GFI) 24.39
Moving Average Converg./Diverg. (MACD) 1.09
Trading Signals
Description Value Chart
50 Day Moving Average 60.51
Upper Bollinger Band 59.81
Price 55.73
Daily Stochastic Crossing 55.69
20 Day Moving Average 55.51
Weekly Stochastic Crossing 54.37
Parabolic System 53.54
Lower Bollinger Band 52.69
Sector and Industry
Description Name Rank
Sector Technology 9
Industry Communication Equipment 118
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 68.90
High Date 01/17/2018
Low 53.07
Low Date 04/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 69.28
High Date 11/24/2017
Low 53.07
Low Date 04/02/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 48.92
Low Date 09/08/2017
High 69.28
High Date 11/24/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 71.62
High Date 10/27/2016
Low 48.92
Low Date 09/08/2017
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
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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