The Greedy Trader Weekly Analysis
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Archive
- 10/10/2014
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QUALCOMM Inc.
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Summary:
Weekly :
Daily :The price is below the lower Bollinger Band20 Day Moving Average has crossed below the 50 Day Moving AverageTrend support at 71.15
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It was the third consecutive negative week for the QUALCOMM Inc. (QCOM). During the week, the QCOM dropped -3.64 points, or -4.86%, and closed at 71.22 on Friday, October 10, 2014. Weekly volume was 11% above 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 trend support level is at 69.71 and resistance is at 81.27. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern 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 71.20 on October 10, 2014. QCOM lost 10.77 points, or 13.14%, in 11 weeks. The chart has formed a Falling Wedge chart pattern. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling 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 May 16, 2014. 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 downtrend had started on September 19, 2014 at 77.00 and reached 71.20 on October 10, 2014. QCOM lost 5.80 points, or 7.53%, in 21 days. The chart has formed a Falling Channel chart pattern. The price is near the trend support (71.15) 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 short-term trend.

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

The daily MACD line is below its signal line since September 24, 2014. This is an indication that the short-term trend is down.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish 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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 29.14
Williams' Percentage Range (W%R) 60.00
Lane's Stochastic (%D-Slow) 38.43
Greed/Fear Indicator (GFI) 35.85
Moving Average Converg./Diverg. (MACD) -0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 23.89
Williams' Percentage Range (W%R) 78.50
Lane's Stochastic (%D-Slow) 41.26
Greed/Fear Indicator (GFI) 34.89
Moving Average Converg./Diverg. (MACD) 0.09 Bullish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 81.27
Upper Bollinger Band 76.96
Monthly Trendline Resistance 76.77
Parabolic System 75.52
Weekly Trendline Resistance 75.19
50 Day Moving Average 75.02
20 Day Moving Average 74.88
Weekly Stochastic Crossing 73.75
Daily Stochastic Crossing 72.70
Lower Bollinger Band 72.24
Monthly Trendline Support 71.85
Price 71.22
Weekly Trendline Support 71.15
Yearly Trendline Support 69.71
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Communication Equipment 60
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 75.44
High Date 10/08/2014
Low 71.20
Low Date 10/10/2014
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Support
Resistance 75.19
Support 71.15
High 77.00
High Date 09/19/2014
Low 71.20
Low Date 10/10/2014
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Support
Resistance 76.77
Support 71.85
High 77.31
High Date 08/21/2014
Low 71.20
Low Date 10/10/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status
Resistance
Support
High 81.97
High Date 07/23/2014
Low 71.20
Low Date 10/10/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 81.27
Support 69.71
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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