QUALCOMM INC. - Daily - Technical analysis published on 09/25/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 177.88 USD
My targets
152.01 USD (-8.93%)
138.97 USD (-16.74%)
My analysis
The bearish basic trend is very strong on QUALCOMM INC. but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 177.88 USD. Crossing the first support at 152.01 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 138.97 USD as an objective. Crossing it would then enable sellers to target 128.56 USD. Caution, a return to above the resistance located at 177.88 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The QUALCOMM INC. rating is 166.91 USD. The price registered a decrease of -0.02% on the session with the lowest point at 165.76 USD and the highest point at 168.59 USD. The deviation from the price is +0.69% for the low point and -1.00% for the high point.165.76
168.59
166.91
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of QUALCOMM INC. in Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 5 are neutral and 6 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 128.56 | 138.97 | 152.01 | 166.91 | 177.88 | 194.11 | 208.56 |
| Change (%) | -22.98% | -16.74% | -8.93% | - | +6.57% | +16.30% | +24.95% |
| Change | -38.35 | -27.94 | -14.90 | - | +10.97 | +27.20 | +41.65 |
| Level | Intermediate | Minor | Major | - | Major | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 162.13 | 164.06 | 165.50 | 167.43 | 168.87 | 170.80 | 172.24 |
| Camarilla | 166.02 | 166.33 | 166.64 | 166.95 | 167.26 | 167.57 | 167.88 |
| Woodie | 161.90 | 163.94 | 165.27 | 167.31 | 168.64 | 170.68 | 172.01 |
| Fibonacci | 164.06 | 165.34 | 166.14 | 167.43 | 168.71 | 169.51 | 170.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 149.86 | 156.83 | 162.87 | 169.84 | 175.88 | 182.85 | 188.89 |
| Camarilla | 165.34 | 166.54 | 167.73 | 168.92 | 170.11 | 171.31 | 172.50 |
| Woodie | 149.41 | 156.60 | 162.42 | 169.61 | 175.43 | 182.62 | 188.44 |
| Fibonacci | 156.83 | 161.80 | 164.87 | 169.84 | 174.81 | 177.88 | 182.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 132.54 | 141.57 | 157.99 | 167.02 | 183.44 | 192.47 | 208.89 |
| Camarilla | 167.40 | 169.73 | 172.07 | 174.40 | 176.73 | 179.07 | 181.40 |
| Woodie | 136.23 | 143.42 | 161.68 | 168.87 | 187.13 | 194.32 | 212.58 |
| Fibonacci | 141.57 | 151.30 | 157.30 | 167.02 | 176.75 | 182.75 | 192.47 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 48.37 | |
| MACD (12,26,9): | -0.8900 | |
| Directional Movement: | -6.44 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 165.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 160.35 | |
| Elder Ray (13): | -0.22 | |
| Super Trend (3,10): | 178.30 | |
| Zig ZAG (10): | 167.00 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 48.17 | |
| TEMA (21): | 168.18 | |
| Williams %R (14): | -50.25 | |
| Chande Momentum Oscillator (20): | 6.12 | |
| Repulse (5,40,3): | -2.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 3.14 |
| MA7: | 168.51 | |
| MA20: | 166.55 | |
| MA50: | 170.04 | |
| MA100: | 185.50 | |
| MAexp7: | 167.50 | |
| MAexp20: | 167.64 | |
| MAexp50: | 172.26 | |
| MAexp100: | 174.53 | |
| Price / MA7: | -0.95% | |
| Price / MA20: | +0.22% | |
| Price / MA50: | -1.84% | |
| Price / MA100: | -10.02% | |
| Price / MAexp7: | -0.35% | |
| Price / MAexp20: | -0.44% | |
| Price / MAexp50: | -3.11% | |
| Price / MAexp100: | -4.37% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on QUALCOMM INC. at the time of the generation of this analysis was as follows:
- Honeywell to Develop Artificial Intelligence-Enabled Agent Powered by Qualcomm
- Samsung Electro-Mechanics Awarded "2024 Supplier of the Year - Components" at Qualcomm Suplier Summit
- From Olympic Table Tennis Star to Transformative AI Product Manager: Meet Dr. Vinesh Sukumar
- The Next Frontier in Education: How Generative AI and XR Will Evolve the World of Learning in the Next Decade
- Qualcomm Innovation Fellowship Europe in 2024 Rewards Excellent Research in the Field of AI and Cybersecurity
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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