Fri 16'th Nov 2018
QUALCOMM Incorporated Stock Analysis
Technical stock analysis for Fri 16'th Nov 2018
|Cash||35 403.0 mill|
|Loans||22 846.0 mill|
QUALCOMM Incorporated gained 0.88% in the last trading day, rising from $55.39 to $55.88 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has fallen in 6 of the last 10 days and is down by -11.76% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 36.77 million more shares were traded than the day before. In total, 55.21 million shares bought and sold for approximately $3 085.33 million.
QUALCOMM Incorporated lies in the lower of a wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $53.53 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -16.46% during the next 3 months and, with 90% probability hold a price between $44.72 and $55.10 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday November 14, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. QUALCOMM Incorporated holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $64.01. On a fall, the stock will find some support from the short-term average at $55.52. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 28 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
QUALCOMM Incorporated finds support from accumulated volume at $55.39.
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 $2.05 between high and low, or 3.73%. For the last week, the stock has had a daily average volatility of 3.24%.
QUALCOMM Incorporated is oversold on RSI14 (28). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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QUALCOMM Incorporated holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
|QCOM $55.88 $0.49(0.88%)|
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