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Qualcomm Technical Analysis - Qualcomm Trading: 2022-04-29
Qualcomm Technical Analysis Summary
Above 151.10
Buy Stop
Below 130.67
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Sell |
| Fractals | Neutral |
| Parabolic SAR | Buy |
Qualcomm Chart Analysis
Qualcomm Technical Analysis
The technical analysis of the Qualcomm stock price chart on daily timeframe shows #S-QCOM, Daily is rising to test the 200-day moving average MA(200) which has leveled off. We believe the bullish momentum will resume after the price breaches above the upper boundary of Donchian channel at 151.10. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the lower boundary of Donchian channel at 130.67. After placing the order, the stop loss is to be moved every day to the next fractal low, 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 (130.67) without reaching the order (151.1), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Qualcomm
Qualcomm stock rallied after better than expected quarterly results. Will the Qualcomm stock price continue advancing?
Qualcomm reported record second-quarter results on Thursday. The company beat analysts' consensus revenue and earnings estimates in the quarter. Qualcomm's Q2 revenue increased 41% from the year-ago quarter to record $11.1 billion versus Wall Street's expectation of $10.6 billion for the quarter. At the same time the company issued strong guidance for the third quarter. Qualcomm's management expects the revenue would range between $10.5 billion and $11.3 billion, which would represent a 35% increase at the midpoint of guidance. The company expects non-GAAP earnings to be between $2.75 and $2.95 per share, which would be a 48% year-over-year jump at the midpoint. Expectations of accelerating revenue growth are bullish for Qualcomm stock price. Qualcomm shares jumped 9.69% following stronger than expected guidance.
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