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Archive
- 11/14/2014
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QUALCOMM Inc.
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Summary:
Weekly :Relative Strength Index bullish divergenceTrend support at 70.45
Daily :Lane's Stochastic and MACD bullish divergenceThe period of high volatility of the stock price
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It was a first positive week for the QUALCOMM Inc. (QCOM). During the week, the QCOM gained 1.59 points, or 2.30%, and closed at 70.85 on Friday, November 14, 2014. Weekly volume was 8% 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 price is near the trend support (70.45) 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 67.67 on November 6, 2014. QCOM lost 14.30 points, or 17.45%, in 15 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 67.89 and resistance is at 77.90. 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. Weekly Relative Strength Index has bullish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 Relative Strength Index help.

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 November 3, 2014 at 78.53 and reached 67.67 on November 6, 2014. QCOM lost 10.86 points, or 13.83%, in 3 days. The price is now at the 29.28% retracement level.

Daily Technical Indicators: [See QCOM daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since November 5, 2014. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands is 193.37% 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.78
Williams' Percentage Range (W%R) 69.40
Lane's Stochastic (%D-Slow) 23.38
Bullish
Greed/Fear Indicator (GFI) 28.58
Moving Average Converg./Diverg. (MACD) -0.56 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.40
Bullish
Williams' Percentage Range (W%R) 76.80
Lane's Stochastic (%D-Slow) 53.20
Greed/Fear Indicator (GFI) 39.84
Moving Average Converg./Diverg. (MACD) -0.43 Bullish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 81.96
Upper Bollinger Band 79.42
Quarterly Trendline Resistance 77.90
Parabolic System 76.41
Weekly Stochastic Crossing 74.33
50 Day Moving Average 74.32
20 Day Moving Average 74.10
Price 70.85
Yearly Trendline Support 70.45
Daily Stochastic Crossing 70.15
Quarterly Trendline Support 67.89
Lower Bollinger Band 66.64
Sector and Industry
Description Name Rank
Sector Technology 3
Industry Communication Equipment 70
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 67.67
Low Date 11/06/2014
High 71.21
High Date 11/14/2014
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.53
High Date 11/03/2014
Low 67.67
Low Date 11/06/2014
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.53
High Date 11/03/2014
Low 67.67
Low Date 11/06/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 77.90
Support 67.89
High 81.97
High Date 07/23/2014
Low 67.67
Low Date 11/06/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 81.96
Support 70.45
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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