QUALCOMM INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	QCOM
ISIN:

QUALCOMM INC. - Weekly - Technical analysis published on 11/08/2024 (GMT)

Timeframe : Weekly
- Analysis generated on
Status : CANCELLED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

56%

17%

28%

My opinion

Bullish above 152.01 USD

My targets

192.11 USD (+11.10%)

208.56 USD (+20.62%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on QUALCOMM INC. as long as the price remains well above 152.01 USD. The buyers' bullish objective is set at 192.11 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 208.56 USD. If there is any crossing, the next objective would be the resistance located at 225.92 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by MARCE. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The QUALCOMM INC. price is 172.91 USD. The price registered an increase of +4.62% over 5 days and was traded between 163.64 USD and 182.10 USD over the period. The price is currently at +5.67% from its lowest point and -5.05% from its highest point.

163.64

182.10

172.91

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Weekly chart of QUALCOMM INC. indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Weekly

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Weekly

The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back over 50

Type : Bullish

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Weekly

Aroon indicator bullish trend

Type : Bullish

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Weekly

Near resistance of channel

Type : Bearish

Timeframe : Weekly

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish engulfing lines

Type : Bullish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	114.80	132.71	152.01	172.91	177.88	208.56	225.92
Change (%)	-33.61%	-23.25%	-12.09%	-	+2.87%	+20.62%	+30.66%
Change	-58.11	-40.20	-20.90	-	+4.97	+35.65	+53.01
Level	Intermediate	Intermediate	Major	-	Major	Intermediate	Major

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	158.52	165.08	168.99	175.55	179.46	186.02	189.93
Camarilla	170.03	170.99	171.95	172.91	173.87	174.83	175.79
Woodie	157.21	164.42	167.68	174.89	178.15	185.36	188.62
Fibonacci	165.08	169.08	171.55	175.55	179.55	182.02	186.02

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	144.89	153.48	159.38	167.97	173.87	182.46	188.36
Camarilla	161.29	162.61	163.94	165.27	166.60	167.93	169.26
Woodie	143.54	152.81	158.03	167.30	172.52	181.79	187.01
Fibonacci	153.48	159.02	162.44	167.97	173.51	176.93	182.46

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	138.89	150.48	156.63	168.22	174.37	185.96	192.11
Camarilla	157.89	159.52	161.14	162.77	164.40	166.02	167.65
Woodie	136.16	149.12	153.90	166.86	171.64	184.60	189.38
Fibonacci	150.48	157.26	161.45	168.22	175.00	179.19	185.96

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):	50.67
MACD (12,26,9):	-1.0600
Directional Movement:	4.87
AROON (14):	92.86
DEMA (21):	172.44
Parabolic SAR (0,02-0,02-0,2):	150.61
Elder Ray (13):	1.54
Super Trend (3,10):	204.84
Zig ZAG (10):	172.91
VORTEX (21):	0.8500
Stochastique (14,3,5):	54.01
TEMA (21):	165.42
Williams %R (14):	-29.19
Chande Momentum Oscillator (20):	1.61
Repulse (5,40,3):	-0.3200
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	12.96

MA7:	167.52
MA20:	170.18
MA50:	168.43
MA100:	176.47
MAexp7:	169.92
MAexp20:	172.48
MAexp50:	165.09
MAexp100:	151.62
Price / MA7:	+3.22%
Price / MA20:	+1.60%
Price / MA50:	+2.66%
Price / MA100:	-2.02%
Price / MAexp7:	+1.76%
Price / MAexp20:	+0.25%
Price / MAexp50:	+4.74%
Price / MAexp100:	+14.04%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on QUALCOMM INC.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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