RSI low/high Values: [ 25 - 75 ]
* uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of QCOM
Powered by GPT-4o
Stock Analysis
Risk Assessment
Trading Strategy

Red day on Friday for QUALCOMM stock after losing 2.74%
(Updated on Jul 19, 2024)

Sell candidate since Jul 17, 2024 Loss -2.81% PDF

The QUALCOMM stock price fell by -2.74% on the last day (Friday, 19th Jul 2024) from $191.46 to $186.21. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.95% from a day low at $185.76 to a day high of $193.09. The price has been going up and down for this period, and there has been a -9.5% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -788 thousand shares and in total, 9 million shares were bought and sold for approximately $1.69 billion.

Given the current short-term trend, the stock is expected to rise 18.61% during the next 3 months and, with a 90% probability hold a price between $220.87 and $284.73 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

QCOM Signals & Forecast

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. The QUALCOMM stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $198.48 and $205.95. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -18.00%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for QUALCOMM stock

QUALCOMM finds support from accumulated volume at $180.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $7.33 between high and low, or 3.95%. For the last week, the stock has had daily average volatility of 3.59%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (QCOM) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect QUALCOMM Incorporated to open at $188.35, and during the day (based on 14 day Average True Range), to move between $179.32 and $193.10, which gives a possible trading interval of +/-$6.89 (+/-3.70%) up or down from last closing price. If QUALCOMM Incorporated takes out the full calculated possible swing range there will be an estimated 7.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $180.10 (3.28%) than the resistance at $212.53 (14.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is QUALCOMM Incorporated stock A Buy?

The QUALCOMM stock holds several negative signals and despite the positive trend, we believe QUALCOMM will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.164 Sell Candidate Unchanged

Predicted Opening Price for QUALCOMM Incorporated of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$188.35 ( 1.15%) $186.21

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

Trading levels for QCOM

Fibonacci Support & Resistance Levels

Level Price
R3 195.68 5.09%
R2 192.88 3.58%
R1 191.15 2.65%
Price 186.21
S1 185.55 -0.353%
S2 183.82 -1.28%
S3 181.02 -2.78%

Accumulated Volume Support & Resistance Levels

Level Price
R3 227.09 21.95%
R2 215.47 15.71%
R1 212.53 14.13%
Price 186.21
S1 180.10 -3.28%
S2 179.64 -3.53%
S3 164.11 -11.87%

QCOM Dividend Payout History

# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 12, 2024 May 30, 2024 Jun 20, 2024 $0.85 0.394%
2 May 29, 2024 May 29, 2024 Jun 20, 2024 $0.85 0.394%
3 Jan 04, 2024 Feb 28, 2024 Mar 21, 2024 $0.80 0.468%
4 Oct 13, 2023 Nov 29, 2023 Dec 14, 2023 $0.80 0.565%
5 Jul 05, 2023 Aug 30, 2023 Sep 21, 2023 $0.80 0.741%


What is the symbol for QUALCOMM Stock and on which exchange is it traded?
The symbol for QUALCOMM is QCOM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell QUALCOMM Stock?
The QUALCOMM stock holds several negative signals and despite the positive trend, we believe QUALCOMM will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy QUALCOMM Stock?
QUALCOMM Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy QUALCOMM Stock.

What's the current price of QUALCOMM Stock?
As of the end of day on the Jul 19, 2024, the price of an QUALCOMM (QCOM) share was $186.21.

What is the 52-week high and low for QUALCOMM Stock?
The 52-week high for QUALCOMM Stock is $230.63 and the 52-week low is $104.33.

What is the market capitalization of QUALCOMM Stock?
As of the Jul 19, 2024, the market capitalization of QUALCOMM is 207.81B.

When is the next earnings date for QUALCOMM?
The upcoming earnings date for QUALCOMM is Jul 31, 2024.
Click to get the best stock tips daily for free!

About QUALCOMM Incorporated

QUALCOMM QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data c... QCOM Profile

Top Fintech Company featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE