Qualcomm Technical Analysis | Qualcomm Trading: 2024-10-22 | IFCM Turkey
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Qualcomm Technical Analysis - Qualcomm Trading: 2024-10-22

Qualcomm Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Below 165.98

Sell Stop

Above 174.83

Stop Loss

Ara Zohrabian
Ara Zohrabian
Senior Analytical Expert
Articles2617
IndicatorSignal
RSI Neutral
MACD Sell
Donchian Channel Neutral
MA(200) Sell
Fractals Sell
Parabolic SAR Sell

Qualcomm Chart Analysis

Qualcomm Chart Analysis

Qualcomm Technical Analysis

The technical analysis of the Qualcomm stock price chart on daily timeframe shows #S-QCOM, H4 is retracing up to test the 200-period moving average MA(200) after two tests of the MA(200). We believe the bearish momentum will resume after the price breaches below the lower bound of Donchian channel at 165.98. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 174.83. 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 (174.83) without reaching the order (165.98), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Stocks - Qualcomm

Qualcomm stock closed lower despite announcing Samsung and others will use its revamped mobile phone chips for AI. Will the Qualcomm stock price continue retreating?

Qualcomm said on Monday it will be using a set of custom computing technology developed to power AI features for Microsoft's Windows in its computer chips for its mobile phone chips too. A group of ex-Apple engineers were hired in 2021 to help design laptop chips which went on sale this year. Qualcomm said Samsung Electronics, Asustek Computer and Xiaomi, among several others, will use the new chip. The company has also re-worked the parts of the chip, which is called the Snapdragon 8 Elite, to handle tasks such as generating images and text. Software developers will be offered special tools to tap into those parts of the chip. Revamping mobile chips by Qualcomm for AI is bullish for Qualcomm’s stock price. The stock closed 1.1% lower on the day despite the news.

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This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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