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Archive
- 2/20/2015
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QUALCOMM Inc.
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Summary:
Weekly :Trend support at 72.39
Daily :Relative Strength Index and Williams' Percentage Range are overboughtLane's Stochastic is strongly overboughtPrice has crossed above the 50 Day Moving AverageThe period of high volatility of the stock price
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It was a third consecutive positive week for the QUALCOMM Inc. (QCOM). During the week, the QCOM climbed 0.64 points, or 0.90%, and closed at 71.52 on Friday, February 20, 2015. Weekly volume was -11% below average.

Long-term trend: [See QCOM long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 28.16 and reached 81.97 on July 23, 2014. QCOM gained -53.81 points, or -191.09%, in 295 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (72.39) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See QCOM medium-term trend chart]
A medium-term downtrend had started on July 23, 2014 at 81.97 and reached 62.26 on February 2, 2015. QCOM lost 19.71 points, or 24.05%, in 27 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 61.42 and resistance is at 75.98. 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 medium-term trend.

Weekly Technical Indicators: [See QCOM weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since January 23, 2015. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend 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 February 2, 2015 at 62.26 and reached 71.72 on February 20, 2015. QCOM gained -9.46 points, or -15.19%, in 18 days. The chart has formed a Rising Wedge chart pattern. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.

Daily Technical Indicators: [See QCOM daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range or strongly overbought daily Lane's Stochastic. 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, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since February 9, 2015. This is an indication that the short-term trend is up.

The distance between the Bollinger Bands is 103.30% 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.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 84.74
Overbought
Williams' Percentage Range (W%R) 17.60
Overbought
Lane's Stochastic (%D-Slow) 95.49
Strong Overbought
Greed/Fear Indicator (GFI) 87.55
Overbought
Moving Average Converg./Diverg. (MACD) -0.66
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.97
Williams' Percentage Range (W%R) 46.10
Lane's Stochastic (%D-Slow) 41.91
Greed/Fear Indicator (GFI) 48.62
Moving Average Converg./Diverg. (MACD) -1.19 Bullish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 83.75
Quarterly Trendline Resistance 75.98
Upper Bollinger Band 75.70
Monthly Trendline Resistance 73.29
Yearly Trendline Support 72.39
Daily Stochastic Crossing 71.57
Price 71.52
50 Day Moving Average 71.44
20 Day Moving Average 69.01
Weekly Stochastic Crossing 68.07
Parabolic System 65.88
Lower Bollinger Band 64.31
Quarterly Trendline Support 61.42
Monthly Trendline Support 61.07
Sector and Industry
Description Name Rank
Sector Technology 4
Industry Communication Equipment 108
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 69.56
Low Date 02/12/2015
High 71.72
High Date 02/20/2015
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status
Resistance
Support
Low 62.26
Low Date 02/02/2015
High 71.72
High Date 02/20/2015
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 73.29
Support 61.07
High 78.53
High Date 11/03/2014
Low 62.26
Low Date 02/02/2015
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 75.98
Support 61.42
High 81.97
High Date 07/23/2014
Low 62.26
Low Date 02/02/2015
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 83.75
Support 72.39
Low 28.16
Low Date 11/21/2008
High 81.97
High Date 07/23/2014
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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