The Greedy Trader Weekly Analysis
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- 5/29/2026 -
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QUALCOMM Inc. (QCOM) Technical Analysis

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Summary:
Weekly :Overbought sectorRelative Strength Index is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceThe period of high volatility of the stock price
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It was a second consecutive positive week for the QUALCOMM Inc. (QCOM). During the week, the QCOM gained 12.86 points, or 5.40%, and closed at 251.02 on Friday, May 29, 2026. Weekly volume was 136% above average.

QCOM is a member of Information Technology Sector. Information 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 259.92 on May 29, 2026. QCOM gained -217.68 points, or -515.34%, in 537 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 132.67 and resistance is at 277.77. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See QCOM medium-term trend chart]
A medium-term uptrend had started on April 7, 2026 at 121.99 and reached 259.92 on May 29, 2026. QCOM gained -137.93 points, or -113.07%, in 7 weeks. The price is now at the 6.45% retracement level.

Weekly Technical Indicators: [See QCOM weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range. 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 links to access Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 24, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 May 19, 2026 at 191.02 and reached 259.92 on May 29, 2026. QCOM gained -68.90 points, or -36.07%, in 10 days. The price is now at the 12.92% retracement level.

Daily Technical Indicators: [See QCOM daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since May 21, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

The distance between the Bollinger Bands is 143.56% 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) 60.01
Bearish
Williams' Percentage Range (W%R) 10.20
Overbought
Lane's Stochastic (%D-Slow) 81.08
Overbought Bearish
Greed/Fear Indicator (GFI) 76.95
Moving Average Converg./Diverg. (MACD) 19.61 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.78
Overbought
Williams' Percentage Range (W%R) 7.00
Strong Overbought
Lane's Stochastic (%D-Slow) 80.00
Greed/Fear Indicator (GFI) 80.13
Overbought
Moving Average Converg./Diverg. (MACD) -0.57
Trading Signals
Description Value Chart
Yearly Trendline Resistance 277.77
Upper Bollinger Band 255.84
Price 251.02
Daily Stochastic Crossing 245.23
Weekly Stochastic Crossing 231.58
Parabolic System 217.47
20 Day Moving Average 211.93
50 Day Moving Average 165.67
Lower Bollinger Band 163.62
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Semiconductors 120
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 191.02
Low Date 05/19/2026
High 259.92
High Date 05/29/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 191.02
Low Date 05/19/2026
High 259.92
High Date 05/29/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 121.99
Low Date 04/07/2026
High 259.92
High Date 05/29/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 120.80
Low Date 04/07/2025
High 259.92
High Date 05/29/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 277.77
Support 132.67
Low 42.24
Low Date 02/11/2016
High 259.92
High Date 05/29/2026
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.