The Greedy Trader Weekly Analysis
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Archive
- 9/15/2017
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QUALCOMM Inc.
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Summary:
Weekly :Broken trend resistance lineLane'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 SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the QUALCOMM Inc. (QCOM). During the week, the QCOM gained 2.55 points, or 5.14%, and closed at 52.19 on Friday, September 15, 2017. Weekly volume was -30% below average.

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 14.41% retracement level.

Medium-term trend: [See QCOM medium-term trend chart]
A medium-term downtrend had started on May 23, 2017 at 59.89 and reached 48.92 on September 8, 2017. QCOM lost 10.97 points, or 18.32%, in 15 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (49.04) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

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 July 21, 2017. 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 September 8, 2017 at 48.92 and reached 52.29 on September 15, 2017. QCOM gained -3.37 points, or -6.89%, in 7 days. Price is near the trend high.

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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.19
Williams' Percentage Range (W%R) 22.90
Lane's Stochastic (%D-Slow) 62.42
Greed/Fear Indicator (GFI) 63.57
Moving Average Converg./Diverg. (MACD) -0.68
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.37
Williams' Percentage Range (W%R) 72.40
Lane's Stochastic (%D-Slow) 15.42
Oversold
Greed/Fear Indicator (GFI) 28.55
Moving Average Converg./Diverg. (MACD) -1.48
Trading Signals
Description Value Chart
Upper Bollinger Band 53.29
50 Day Moving Average 52.98
Price 52.19
20 Day Moving Average 51.49
Monthly Trendline Resistance 51.34
Daily Stochastic Crossing 51.19
Lower Bollinger Band 49.91
Weekly Stochastic Crossing 49.67
Monthly Trendline Support 49.04
Parabolic System 49.01
Sector and Industry
Description Name Rank
Sector Technology 7
Industry Communication Equipment 82
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 48.92
Low Date 09/08/2017
High 52.29
High Date 09/15/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 48.92
Low Date 09/08/2017
High 52.29
High Date 09/15/2017
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 51.34
Support 49.04
High 59.89
High Date 05/23/2017
Low 48.92
Low Date 09/08/2017
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 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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