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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of QCOM
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QUALCOMM stock price ended at $212.53 on Friday, after losing 1.36%.
(Updated on Jun 21, 2024)

Buy or Hold candidate since May 02, 2024 Gain 18.01% PDF

The QUALCOMM stock price fell by -1.36% on the last day (Friday, 21st Jun 2024) from $215.47 to $212.53. During the last trading day the stock fluctuated 2.89% from a day low at $209.41 to a day high of $215.47. The price has been going up and down for this period, and there has been a 1.48% gain for the last 2 weeks. Volume has increased on the last day by 4 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 22 million shares were bought and sold for approximately $4.71 billion.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 35.68% during the next 3 months and, with a 90% probability hold a price between $268.81 and $310.76 at the end of this 3-month period.

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QCOM Signals & Forecast

The QUALCOMM 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 $217.98. On a fall, the stock will find some support from the long-term average at approximately $201.30. 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. 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, June 18, 2024, and so far it has fallen -6.41%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for QUALCOMM stock

QUALCOMM finds support from accumulated volume at $204.05 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 $6.06 between high and low, or 2.89%. For the last week, the stock has had daily average volatility of 3.50%.

Our recommended stop-loss: $202.20 (-4.86%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 43 days ago.)

Trading Expectations (QCOM) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect QUALCOMM Incorporated to open at $212.47, and during the day (based on 14 day Average True Range), to move between $205.86 and $219.20, which gives a possible trading interval of +/-$6.67 (+/-3.14%) up or down from last closing price. If QUALCOMM Incorporated takes out the full calculated possible swing range there will be an estimated 6.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $213.08 (0.26%) than the support at $204.05 (3.99%), 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 holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.352 Hold/Accumulate Unchanged

Predicted Opening Price for QUALCOMM Incorporated of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
$212.47 ( 0.0282%) $212.53

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 218.53 2.82%
R2 216.22 1.73%
R1 214.78 1.06%
Price 212.53
S1 210.16 -1.12%
S2 208.72 -1.79%
S3 206.41 -2.88%

Accumulated Volume Support & Resistance Levels

Level Price
R3 227.09 6.85%
R2 215.47 1.38%
R1 213.08 0.259%
Price 212.53
S1 204.05 -3.99%
S2 201.76 -5.07%
S3 180.10 -15.26%

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%

FAQ

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?
QUALCOMM holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

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 Jun 21, 2024, the price of an QUALCOMM (QCOM) share was $212.53.

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 Jun 21, 2024, the market capitalization of QUALCOMM is 240.465B.

When is the next earnings date for QUALCOMM?
The upcoming earnings date for QUALCOMM is Aug 07, 2024.
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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

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