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QUALCOMM Incorporated (QCOM) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Radio And Television Broadcasting And Communications Equipment
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneBullish EngulfingFri, 27 Oct 201725.31%
***Stock database and scans are updated around midnight (New York time) every trading day.
68.38 0.00 (0%) Nov 28 4:00pm EDT
Open: 67.59 Range: 67.22 - 68.41 Vol: 12.86M Avg Vol: 8.07M
EPS: 2.61 P/E ratio: 19.54 EBITDA: 7.15B Mkt Cap: 75.29B
Analyze "QCOM" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 68.05
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 64.00
Last Trade is above the 50 day moving average at 57.19
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 55.66
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of QCOM

Stock Trend Analysis - Buy, Sell or Hold "QUALCOMM Incorporated" (QCOM)?

QCOM is in a long term trading range with a downward bias. This stock has traded about 76% of the time below the 200 day moving average in the last 52 weeks on daily average volume of 8.1M shares changing hands. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is bucking the bearish bias as price has traded above the 20 day SMA for 90% of the time during the last two months. Buyers have to be cautious as the longer and medium term trends are still not very strong. Objectively, dips should be bought but buyers have to be very selective in choosing a level to scale in e.g. near the 200 day SMA currently at 55.66. A range trading strategy rather than a trend following strategy, may be more appropriate in this scenario. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "QCOM".

The analyst consensus estimates for the 1 year price target for this stock is $59.25* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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