QUALCOMM INC.
QUALCOMM INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: QCOM
ISIN:

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

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

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.

Central Gaps

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

Central Records

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:

Central Indicators

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

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:

Central Patterns

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:

Central Candlesticks

Upside gap

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard76.7077.5578.2679.1179.8280.6781.38
Camarilla78.5478.6878.8378.9779.1179.2679.40
Woodie76.6377.5278.1979.0879.7580.6481.31
Fibonacci77.5578.1578.5179.1179.7180.0780.67


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard68.7270.7773.7375.7878.7480.7983.75
Camarilla75.3275.7876.2476.7077.1677.6278.08
Woodie69.1971.0074.2076.0179.2181.0284.22
Fibonacci70.7772.6873.8675.7877.6978.8780.79


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard67.6470.8873.5876.8179.5282.7585.46
Camarilla74.6575.1975.7476.2876.8277.3777.91
Woodie67.3770.7473.3176.6879.2582.6285.19
Fibonacci70.8873.1474.5576.8179.0880.4882.75

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%

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

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