QCOM - QUALCOMM Incorporated

Industry: Communication Equipment Sector: Technology Exchange: NASDAQ

QCOM - QUALCOMM Incorporated

Industry: Communication Equipment Sector: Technology Exchange: NASDAQ
#658()/7615

Tue 18'th Sep 2018

PERIOD 2018-06-19 - 2018-09-18
CHANGE 2.02%
PRICE $74.72
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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QUALCOMM Incorporated Stock Analysis

Technical stock analysis for Tue 18'th Sep 2018

Buy candidate since 2018-08-14 Gain 14.20%
Shorts 2.49% ( 2018-08-31 )
Cash 72 711.0 mill
Loans 44 739.0 mill
Beta 1.63
ROA -6.65

QUALCOMM Incorporated gained 2.02% in the last trading day, rising from $73.24 to $74.72 The price has risen in 7 of the last 10 days and is up by 6.77% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.13 million more shares were traded than the day before. In total, 11.69 million shares bought and sold for approximately $873.45 million.

Trend

QUALCOMM Incorporated lies in the upper part of a strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $75.67 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 32.02% during the next 3 months and, with 90% probability hold a price between $93.43 and $99.90 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. QUALCOMM Incorporated holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $73.46 and $68.15. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday September 17, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSI14 is 67 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $70.38 and $69.78.

There is 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 $70.38. If this is broken, then the next support from accumulated volume will be at $69.78 and $63.58.

Support: $70.38 Price: $74.72 Resistance: $75.09

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.99 between high and low, or 4.07%. For the last week, the stock has had a daily average volatility of 3.07%.

Our recommended stoploss: $70.73 (-5.34%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

Buy Candidate

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QCOM $74.72 $1.48(2.02%)
QCOM is up $1.48 today, but where's it headed in October?
Zacks Investment Research is releasing its prediction for QCOM based on the 1-3 month system that more than doubles the S&P 500.

Click here – the QCOM analysis is free »
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