The Greedy Trader Weekly Analysis
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Archive
- 3/20/2015
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QUALCOMM Inc.
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Summary:
Weekly :Broken trend support line
Daily :Broken trend support linePrice is close to the 50 Day Moving Average
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It was a first positive week for the QUALCOMM Inc. (QCOM). During the week, the QCOM gained 1.40 points, or 2.04%, and closed at 70.04 on Friday, March 20, 2015. Weekly volume was 25% 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 uptrend support line (72.99) is broken. A broken support is considered to be a long-term bearish 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 support 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 59.60 and resistance is at 75.38. 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 above its signal line since February 27, 2015. The distance between MACD and the signal line is low and getting smaller. 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 74.09 on March 10, 2015. QCOM gained -11.83 points, or -19.00%, in 36 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (74.74) is broken. A broken support is considered to be a long-term bearish 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 support 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 March 10, 2015. The distance between MACD and the signal line is low and getting smaller.

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) 37.28
Williams' Percentage Range (W%R) 67.40
Lane's Stochastic (%D-Slow) 28.84
Greed/Fear Indicator (GFI) 32.90
Moving Average Converg./Diverg. (MACD) -0.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.23
Williams' Percentage Range (W%R) 51.20
Lane's Stochastic (%D-Slow) 65.99
Greed/Fear Indicator (GFI) 53.35
Moving Average Converg./Diverg. (MACD) -1.24
Trading Signals
Description Value Chart
Weekly Trendline Resistance 76.40
Quarterly Trendline Resistance 75.38
Weekly Trendline Support 74.74
Yearly Trendline Support 72.99
Upper Bollinger Band 72.68
Monthly Trendline Resistance 72.55
Parabolic System 71.82
20 Day Moving Average 70.93
50 Day Moving Average 70.50
Weekly Stochastic Crossing 70.11
Price 70.04
Daily Stochastic Crossing 69.30
Lower Bollinger Band 68.23
Quarterly Trendline Support 59.60
Monthly Trendline Support 59.21
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Communication Equipment 72
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 74.09
High Date 03/10/2015
Low 68.32
Low Date 03/13/2015
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 76.40
Support 74.74
Low 62.26
Low Date 02/02/2015
High 74.09
High Date 03/10/2015
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 72.55
Support 59.21
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 75.38
Support 59.60
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 Broken Support
Resistance 84.31
Support 72.99
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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