QUALCOMM Incorporated Stock Forecast

QUALCOMM Incorporated stock price down 2.19% on Friday
(Updated on May 31, 2024)

QCI.DE Signals & Forecast

The QUALCOMM Incorporated stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 192.28€. On a fall, the stock will find some support from the long-term average at approximately 170.69€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -6.84%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for QUALCOMM Incorporated stock

On the downside, the stock finds support just below today's level from accumulated volume at 168.58€ and 154.98€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, QUALCOMM Incorporated finds support just below today's level at 168.58€. If this is broken, then the next support from accumulated volume will be at 154.98€ and 154.82€.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 8.16€ between high and low, or 4.42%. For the last week the stock has had daily average volatility of 3.95%.

Our recommended stop-loss: 176.22€ (-4.73%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 28 days ago.)

Trading Expectations (QCI.DE) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect QUALCOMM Incorporated to open at 187.47€, and during the day (based on 14 day Average True Range), to move between 179.59€ and 190.37€, which gives a possible trading interval of +/-5.39€ (+/-2.91%) up or down from last closing price. If QUALCOMM Incorporated takes out the full calculated possible swing range there will be an estimated 5.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 189.22€ (2.29%) than the support at 168.58€ (8.87%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is QUALCOMM Incorporated stock A Buy?

QUALCOMM Incorporated holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.998 Hold/Accumulate Unchanged

Predicted Opening Price for QUALCOMM Incorporated of Monday, June 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.