The Greedy Trader Weekly Analysis
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Archive
- 1/13/2017
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QUALCOMM Inc.
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Summary:
Weekly :Price is near the Fibonacci 38.2% retracement level
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock pricePrice is close to the 50 Day Moving Average
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It was a second consecutive positive week for the QUALCOMM Inc. (QCOM). During the week, the QCOM gained 1.35 points, or 2.06%, and closed at 66.88 on Friday, January 13, 2017. Weekly volume was -37% below average.

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. The price is now at the 16.13% retracement 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 63.78 on December 1, 2016. QCOM lost 7.84 points, or 10.95%, in 5 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The weekly MACD line is below its signal line since November 25, 2016. 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 uptrend had started on January 3, 2017 at 64.60 and reached 67.08 on January 13, 2017. QCOM gained -2.48 points, or -3.84%, in 10 days. The price is now at the 8.06% retracement level.

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 4.55% on Friday. It is 53.24% lower than one year average. It indicates the period of low 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.

Price is close to the 50 Day Moving Average. 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) 51.23
Williams' Percentage Range (W%R) 60.40
Lane's Stochastic (%D-Slow) 68.29
Greed/Fear Indicator (GFI) 53.03
Moving Average Converg./Diverg. (MACD) -0.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.61
Williams' Percentage Range (W%R) 45.90
Lane's Stochastic (%D-Slow) 39.56
Greed/Fear Indicator (GFI) 48.19
Moving Average Converg./Diverg. (MACD) 2.82
Trading Signals
Description Value Chart
Upper Bollinger Band 67.85
50 Day Moving Average 66.91
Price 66.88
Daily Stochastic Crossing 66.56
20 Day Moving Average 66.29
Weekly Stochastic Crossing 66.00
Lower Bollinger Band 64.80
Parabolic System 64.54
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Communication Equipment 68
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 64.60
Low Date 01/03/2017
High 67.08
High Date 01/13/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.24
High Date 12/13/2016
Low 64.60
Low Date 01/03/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 71.62
High Date 10/27/2016
Low 63.78
Low Date 12/01/2016
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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