The Greedy Trader Weekly Analysis
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Archive
- 5/12/2017
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QUALCOMM Inc.
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Summary:
Weekly :Overbought sectorTrend resistance at 53.16
Daily :Lane's Stochastic is strongly overboughtPrice is close to the 50 Day Moving AverageTrend resistance at 54.89
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It was a third positive week after 3 consecutive negative weeks for the QUALCOMM Inc. (QCOM). During the week, the QCOM climbed 0.39 points, or 0.71%, and closed at 55.32 on Friday, May 12, 2017. Weekly volume was -11% below average.

QCOM is a member of Technology Sector. Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

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 chart has formed a Falling Pennant chart pattern. The price is near the trend resistance line (53.16). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.

Medium-term trend: [See QCOM medium-term trend chart]
A medium-term downtrend had started on October 27, 2016 at 71.62 and reached 51.05 on April 28, 2017. QCOM lost 20.57 points, or 28.72%, in 26 weeks. The price is now at the 20.76% retracement 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. 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 downtrend had started on March 13, 2017 at 59.04 and reached 51.05 on April 28, 2017. QCOM lost 7.99 points, or 13.53%, in 46 days. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (54.89). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a short-term trend.

Daily Technical Indicators: [See QCOM daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Lane's Stochastic. 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 daily MACD line is above its signal line since April 27, 2017. The distance between MACD and the signal line is low and getting smaller.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 73.55
Williams' Percentage Range (W%R) 21.20
Lane's Stochastic (%D-Slow) 90.63
Strong Overbought
Greed/Fear Indicator (GFI) 80.98
Overbought
Moving Average Converg./Diverg. (MACD) -0.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.87
Williams' Percentage Range (W%R) 79.30
Lane's Stochastic (%D-Slow) 31.13
Greed/Fear Indicator (GFI) 33.05
Moving Average Converg./Diverg. (MACD) -1.65
Trading Signals
Description Value Chart
Upper Bollinger Band 56.56
50 Day Moving Average 55.65
Price 55.32
Daily Stochastic Crossing 55.23
Quarterly Trendline Support 55.21
Weekly Trendline Resistance 54.89
Parabolic System 53.88
20 Day Moving Average 53.77
Weekly Stochastic Crossing 53.35
Quarterly Trendline Resistance 53.16
Lower Bollinger Band 52.54
Weekly Trendline Support 49.11
Sector and Industry
Description Name Rank
Sector Technology 10
Industry Communication Equipment 96
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 51.05
Low Date 04/28/2017
High 55.43
High Date 05/10/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 54.89
Support 49.11
High 59.04
High Date 03/13/2017
Low 51.05
Low Date 04/28/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 71.62
High Date 10/27/2016
Low 51.05
Low Date 04/28/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Test Resistance
Resistance 53.16
Support 55.21
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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