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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Green day on Thursday for QUALCOMM
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 05, 2024 Gain 17.54% PDF

The QUALCOMM stock price gained 0.101% on the last trading day (Thursday, 28th Mar 2024), rising from $169.13 to $169.30. During the last trading day the stock fluctuated 1.11% from a day low at $167.98 to a day high of $169.84. The price has fallen in 6 of the last 10 days but is still up by 0.5% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 183 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $901.08 million.

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 23.41% during the next 3 months and, with a 90% probability hold a price between $201.74 and $227.47 at the end of this 3-month period.

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QCOM Signals & Forecast

The QUALCOMM stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $168.81 and $162.13. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -3.65%. 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).

Support, Risk & Stop-loss for QUALCOMM stock

On the downside, the stock finds support just below today's level from accumulated volume at $151.96 and $148.51. 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 finds support just below today's level at $151.96. If this is broken, then the next support from accumulated volume will be at $148.51 and $141.11.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.86 (1.11%) between high and low. For the last week, the stock has had daily average volatility of 1.33%.

Our recommended stop-loss: $161.81 (-4.43%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (QCOM) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect QUALCOMM Incorporated to open at $169.04, and during the day (based on 14 day Average True Range), to move between $165.54 and $173.06, which gives a possible trading interval of +/-$3.76 (+/-2.22%) up or down from last closing price. If QUALCOMM Incorporated takes out the full calculated possible swing range there will be an estimated 4.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $170.57 (0.75%) than the support at $151.96 (10.24%), 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?

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 QUALCOMM stock to perform well in the short-term.

Current score: 2.604 Buy Candidate Unchanged

Predicted Opening Price for QUALCOMM Incorporated of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$169.04 ( 0.154%) $169.30

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
Resistance R3 170.90 0.95 %
R2 170.19 0.525 %
R1 169.75 0.266 %
Current price: 169.30
Support S1 168.33 -0.573 %
S2 167.89 -0.83 %
S3 167.18 -1.25 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 175.72 3.79 %
R2 170.85 0.92 %
R1 170.57 0.750 %
Current price 169.30
Support S1 151.96 -10.24%
S2 148.51 -12.28%
S3 141.11 -16.65%

QCOM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 04, 2024 Feb 28, 2024 Mar 21, 2024 $0.80 0.468%
2 Oct 13, 2023 Nov 29, 2023 Dec 14, 2023 $0.80 0.565%
3 Jul 05, 2023 Aug 30, 2023 Sep 21, 2023 $0.80 0.741%
4 Mar 30, 2023 May 31, 2023 Jun 22, 2023 $0.80 0.687%
5 Jan 09, 2023 Mar 01, 2023 Mar 23, 2023 $0.750 0.604%

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?
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 QUALCOMM stock to perform well in the short-term.

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 2024-03-28, the price of an QUALCOMM (QCOM) share was $169.30.

What is the 52-week high and low for QUALCOMM Stock?
The 52-week high for QUALCOMM Stock is $177.58 and the 52-week low is $101.48.

What is the market capitalization of QUALCOMM Stock?
As of the 2024-03-28, the market capitalization of QUALCOMM is 188.749B.

When is the next earnings date for QUALCOMM?
The upcoming earnings date for QUALCOMM is May 01, 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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