QUALCOMM INC. - Daily - Technical analysis published on 10/21/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 75.09 USD
My targets
81.60 USD (+5.05%)
86.26 USD (+11.05%)
My analysis
QUALCOMM INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 75.09 USD. The next resistance located at 81.60 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 86.26 USD. After this resistance, buyers could then target 89.29 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
0
10
7.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The QUALCOMM INC. price is 77.68 USD. The price is lower by -1.63% since the last closing with the lowest point at 77.67 USD and the highest point at 79.22 USD. The deviation from the price is +0.01% for the low point and -1.94% for the high point.77.67
79.22
77.68
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this QUALCOMM INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 59.47 | 69.70 | 75.09 | 77.68 | 81.60 | 86.26 | 89.29 |
| Change (%) | -23.44% | -10.27% | -3.33% | - | +5.05% | +11.05% | +14.95% |
| Change | -18.21 | -7.98 | -2.59 | - | +3.92 | +8.58 | +11.61 |
| Level | Major | Major | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 76.70 | 77.55 | 78.26 | 79.11 | 79.82 | 80.67 | 81.38 |
| Camarilla | 78.54 | 78.68 | 78.83 | 78.97 | 79.11 | 79.26 | 79.40 |
| Woodie | 76.63 | 77.52 | 78.19 | 79.08 | 79.75 | 80.64 | 81.31 |
| Fibonacci | 77.55 | 78.15 | 78.51 | 79.11 | 79.71 | 80.07 | 80.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 68.72 | 70.77 | 73.73 | 75.78 | 78.74 | 80.79 | 83.75 |
| Camarilla | 75.32 | 75.78 | 76.24 | 76.70 | 77.16 | 77.62 | 78.08 |
| Woodie | 69.19 | 71.00 | 74.20 | 76.01 | 79.21 | 81.02 | 84.22 |
| Fibonacci | 70.77 | 72.68 | 73.86 | 75.78 | 77.69 | 78.87 | 80.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.64 | 70.88 | 73.58 | 76.81 | 79.52 | 82.75 | 85.46 |
| Camarilla | 74.65 | 75.19 | 75.74 | 76.28 | 76.82 | 77.37 | 77.91 |
| Woodie | 67.37 | 70.74 | 73.31 | 76.68 | 79.25 | 82.62 | 85.19 |
| Fibonacci | 70.88 | 73.14 | 74.55 | 76.81 | 79.08 | 80.48 | 82.75 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.79 | |
| MACD (12,26,9): | 0.4100 | |
| Directional Movement: | 7.47 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 77.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 74.03 | |
| Elder Ray (13): | 1.53 | |
| Super Trend (3,10): | 80.57 | |
| Zig ZAG (10): | 77.68 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 84.21 | |
| TEMA (21): | 77.19 | |
| Williams %R (14): | -31.89 | |
| Chande Momentum Oscillator (20): | 3.69 | |
| Repulse (5,40,3): | -1.3700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 2.19 |
| MA7: | 77.24 | |
| MA20: | 76.34 | |
| MA50: | 75.82 | |
| MA100: | 73.92 | |
| MAexp7: | 77.39 | |
| MAexp20: | 76.70 | |
| MAexp50: | 75.84 | |
| MAexp100: | 73.86 | |
| Price / MA7: | +0.57% | |
| Price / MA20: | +1.76% | |
| Price / MA50: | +2.45% | |
| Price / MA100: | +5.09% | |
| Price / MAexp7: | +0.37% | |
| Price / MAexp20: | +1.28% | |
| Price / MAexp50: | +2.43% | |
| Price / MAexp100: | +5.17% |
News
The latest news and videos published on QUALCOMM INC. at the time of the analysis were as follows:
- Qualcomm Announces Quarterly Cash Dividend
- UROS, Thundercomm to Open IoT and 5G Innovation Center in Finland Utilizing Tech From Qualcomm Technologies
- Trimble and Qualcomm Establish Alliance to Produce High-Accuracy Positioning Solutions for Connected Vehicles
- Vuzix to Participate in the First Qualcomm Smart Cities Accelerate Event
- Fibocom Wireless Participates in Qualcomm Smart Cities Accelerator Program to Collaborate on Global IoT Application Innovations
This member declared not having a position on this financial instrument or a related financial instrument.
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