Technical analysis from Qualcomm Inc (QCOM, NASDAQ:QCOM) on the NASDAQ Stock Exchange (NASDAQ). Download the latest price data & trading signals

Qualcomm Inc
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Qualcomm Inc is in a short term downtrend with the closing price @$64.85
Weighted Moving Average /
Qualcomm Inc is in a short term downtrend with the closing price @$64.85

QCOM: WMA Recent Trading -> (1) 16 Feb: 65.48 (2) 15 Feb: 65.571 (3) 14 Feb: 65.327

Weaker volume performance from QCOM has seen a lower volume of -24.4 [Downtrend]
Volume /
Weaker volume performance from QCOM has seen a lower volume of -24.4 [Downtrend]

[BEARISH]: Qualcomm Inc current volume downtrend in the first timeframe. Volume for QCOM is1.17533e+007 (-24.4).

Average True Range /
Qualcomm Inc has signalled an ATR trend present [Downtrend]

[Bearish]: Average True Range has confirmed an downtrend is present. Qualcomm Inc has a TR of 1.23, and an ATR(14) of 1.762.

Average Directional Movement /
[Weak Trend]: Average Directional Index @24.9 has confirmed a weak trend for QCOM

[Weak Trend]: ADX for QCOM has confirmed a weak trend is presentQualcomm Inc has an ATR(14) of 1.762, a DX of 16.67 & an ADX(14) of 24.9

Open Tod Vs Close Tod /
Open/close reversal confirmed for Qualcomm Inc signalling the buyers have lost control

[BEARISH]: Qualcomm Inc opened in the lower part of daily range at 13.8% & closed in the lower part of the trading range at 20.3%. This suggests the buyers have lost control. Over the last 12 months there has been 5 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 7.6%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the lower price range giving a confirmation ratio of 18.2%.

Ulcer Index /
Drawdown for Qualcomm Inc is currently high signalling high stress

[BULLISH]: Qualcomm Inc UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 5.648.

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Triangular Moving Average /
[Bullish]: TMA(5) is serving as a support line for Qualcomm Inc

[BULLISH]: Qualcomm Inc currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.7%.

[Long]: Entry price for QCOM should be set @$2149.52
Fibonacci Extensions /
[Long]: Entry price for QCOM should be set @$2149.52

Qualcomm Inc has moved below the 161.8% level ($2149.52) [Bullish]. Look for a long limit order entry near this point. Exit price for QCOM should be set @$1883.21 & Stoploss for Qualcomm Inc should be set at $2415.83

MACD oscillator remains positive for QCOM
MACD /
MACD oscillator remains positive for QCOM

[BULLISH]: Qualcomm Inc currently has positive MACD of 0.070000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -0.7%.

High Price /
High for QCOM has not surpassed the high of the previous trading session

[BEARISH]: Qualcomm Inc current downtrend in the first timeframe. Currently, the HIGH is -0.8 %.

Percentage Price /
PPO: The shorter moving average for QCOMis still below the longer term moving average

[BEARISH]: Qualcomm Inc currently has negative PPO -0.500%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Simple Moving Average /
Simple Moving Average(5) signal is confirmed for Qualcomm Inc indicating downward price movement is likely

[BULLISH]: Qualcomm Inc currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.7%.

Traders are currently distributing Qualcomm Inc
Daily Volume Index /
Traders are currently distributing Qualcomm Inc

[BEARISH]: Qualcomm Inc current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Recent trading for Qualcomm Inc has opened -2.4 % lower than previous session
Opening Price /
Recent trading for Qualcomm Inc has opened -2.4 % lower than previous session

[BEARISH]: Qualcomm Inc opening price has gapped down. Currently, the OPEN is $64.77 (-2.4 %).

Detrended Price Oscillator /
Qualcomm Inc: Detrended Price Oscillator(20) is -2.256

[BEARISH]: Qualcomm Inc currently has a confirmed downtrend. Price is currently below the displaced moving average for QCOMCurrently, the return on DPO20 is -0.7%.

Ease of Movement /
Price was difficult to move upward in recent trading on high volume causing an uptrend in price for QCOM

QCOM: EOM Current Signal -> (1) 16 Feb: BULLISH HARD (2) 15 Feb: BEARISH EASY (3) 14 Feb: BULLISH EASY

Medium Trend /
Daily bar has maintained 2nd timeframe Downtrend for QCOM

QCOM: Medium Term Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

Close for QCOM has not surpassed the close of the previous trading session
Closing Price /
Close for QCOM has not surpassed the close of the previous trading session

QCOM: CLOSE Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BEARISH (3) 14 Feb: BULLISH

QCOM Basic Candle: Short White
Short White Candle /
QCOM Basic Candle: Short White

[BULLISH WEAK]: Qualcomm Inc has formed a Short White candlestick. This means, QCOM has limited price movement derived from weak buying pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

[Bearish]: Qualcomm Inc has failed beat previous trading range
Price Range /
[Bearish]: Qualcomm Inc has failed beat previous trading range

[BEARISH]: Qualcomm Inc current downtrend in the first timeframe. Currently, the Range is $1.23.

Demarks Pivot Points /
DeMark pivot point for QCOM is bullish. Stoploss should be positioned @$64.725

Qualcomm Inc has broken the first DeMark resistance point ($65.2775) [Bullish]. Look for a long limit order entry near this point. Exit price for QCOM should be set @$65.955 & Stoploss for Qualcomm Inc should be set at $64.725

Close Tod Vs Close Yest /
The biggest upward movement for Qualcomm Inc this month has been -6.6

[BEARISH]: Qualcomm Incsellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for QCOM adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -6.6 & the greatest daily negative change this year has been -6.6. The longest consecutive downswing rally over the last 12 months has been 4 days giving a total rally downward movement of -5.7%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -4.1%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.2x. Over the last month the average daily downward movement has been -2.4%

Close Tod Vs Range Tod /
Qualcomm Inc: Sellers are in control at the market close.

[BEARISH]: Qualcomm Inc sellers in control. This is the first day of seller commitment for Qualcomm Inc adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 27 trading days with the closing price in the lower part of the range giving a confirmation ratio of 40.9%. Over the last month there has been 2 trading days with the closing price in the lower range giving a confirmation ratio of 18.2%. Currently this quarter, closing price has spent 6 days in the lower price range compared to 9 days in the upper range giving a ratio of 0.7x.

Moving Average Envelope /
Envelope bands Oversold signal is still current for Qualcomm Inc [Bullish]

[BULLISH]: Qualcomm Inc current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 62.5100.

Strong price performance from QCOM has seen a lower low of 1.2 % [Uptrend]
Low Price /
Strong price performance from QCOM has seen a lower low of 1.2 % [Uptrend]

[BEARISH]: Qualcomm Inc current uptrend in the first timeframe. Currently, the Low is $64.6 (1.2 %).

QCOM: Volume Moving Average Convergence Divergence [Bearish]
MACD Volume /
QCOM: Volume Moving Average Convergence Divergence [Bearish]

[BEARISH]: Qualcomm Inc currently has negative Volume MACD of -1.12865e+006. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Volume Rate of Change /
Positive VROC for Qualcomm Inc is a leading indicator for continued price rise

[BULLISH]: Qualcomm Inc currently has positive volume of change of 21%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -0.7%.

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