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Qualcomm Technical Analysis - Qualcomm Trading: 2023-05-05
Qualcomm Technical Analysis Summary
Below 103.50
Sell Stop
Above 117.48
Stop Loss
| Indicator | Signal |
| RSI | Buy |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Sell |
Qualcomm Chart Analysis
Qualcomm Technical Analysis
The technical analysis of the Qualcomm stock price chart on daily timeframe shows #S-QCOM, Daily is falling under the 200-day moving average MA(200) which is falling itself. At the same time the RSI indicator has dipped ito the “Oversold” zone. We believe the bearish momentum will resume after the price breaches below the lower bound of Donchian channel at 103.5. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 117.48. After placing the order, the stop loss is to be moved every day to the next fractal high indicator , following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (117.48) without reaching the order (103.5), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Qualcomm
Qualcomm stock fell after disappointing Q3 2023 guidance. Will the Qualcomm stock price continue retreating?
Qualcomm’s March quarter results were better than expected: the chip maker reported sales of $9.28 billion in its fiscal second quarter while analysts expected sales of $9.09 billion. At the same time sales were down 17% on a year-over-year basis on slowdown in smartphone sales. And the third quarter outlook disappointed investors: Qualcomm predicted sales of $8.5 billion while Wall Street was forecasting sales of $9.13 billion in the June quarter. Qualcomm stock fell 5.54% on the day after disappointing earnings guidance. Lower revenue expectations are bearish for a company stock.
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