QUALCOMM INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	QCOM
ISIN:

QUALCOMM INC. - 1H - Technical analysis published on 11/12/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 164.27 USD

My targets

162.08 USD (-0.81%)

152.01 USD (-6.98%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on QUALCOMM INC. as long as the price remains well below 164.27 USD. The sellers' bearish objective is set at 162.08 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 152.01 USD. In case of crossing, the next objective would be the support located at 132.71 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.5

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 eliro. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

QUALCOMM INC. rating 163.41 USD. On the day, this instrument lost -2.90% and was traded between 161.86 USD and 167.33 USD over the period. The price is currently at +0.96% from its lowest and -2.34% from its highest.

161.86

167.33

163.41

Here is a more detailed summary of the historical variations registered by QUALCOMM INC.:

The study of the highest / lowest by the Central Records scanner shows the following result:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this QUALCOMM INC. chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further decline is moderate given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	132.71	152.01	162.08	163.41	164.27	165.82	167.58
Change (%)	-18.79%	-6.98%	-0.81%	-	+0.53%	+1.47%	+2.55%
Change	-30.70	-11.40	-1.33	-	+0.86	+2.41	+4.17
Level	Intermediate	Major	Minor	-	Major	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	155.60	158.73	161.07	164.20	166.54	169.67	172.01
Camarilla	161.91	162.41	162.91	163.41	163.91	164.41	164.91
Woodie	155.21	158.53	160.68	164.00	166.15	169.47	171.62
Fibonacci	158.73	160.82	162.11	164.20	166.29	167.58	169.67

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	143.86	153.74	162.33	172.21	180.80	190.68	199.27
Camarilla	165.83	167.52	169.22	170.91	172.60	174.30	175.99
Woodie	143.21	153.42	161.68	171.89	180.15	190.36	198.62
Fibonacci	153.74	160.80	165.16	172.21	179.27	183.63	190.68

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	34.98
MACD (12,26,9):	-1.8800
Directional Movement:	-16.81
AROON (14):	-85.71
DEMA (21):	164.19
Parabolic SAR (0,02-0,02-0,2):	164.65
Elder Ray (13):	-2.02
Super Trend (3,10):	167.76
Zig ZAG (10):	163.12
VORTEX (21):	0.7100
Stochastique (14,3,5):	11.16
TEMA (21):	162.50
Williams %R (14):	-85.00
Chande Momentum Oscillator (20):	-4.20
Repulse (5,40,3):	-0.3700
ROCnROLL:	2
TRIX (15,9):	-0.1100
Courbe Coppock:	7.32

MA7:	168.49
MA20:	169.20
MA50:	168.37
MA100:	174.98
MAexp7:	163.89
MAexp20:	166.31
MAexp50:	167.87
MAexp100:	168.54
Price / MA7:	-3.02%
Price / MA20:	-3.42%
Price / MA50:	-2.95%
Price / MA100:	-6.61%
Price / MAexp7:	-0.29%
Price / MAexp20:	-1.74%
Price / MAexp50:	-2.66%
Price / MAexp100:	-3.04%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on QUALCOMM INC. at the time of the analysis were as follows:

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

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