Qualcomm (QCOM) (d-w-m) for Tuesday (5/30/2017)

 

  First, Qualcomm traded ex-dividend Friday.  Second, Canada’s BlackBerry Ltd. (BBRY) said on Friday that Qualcomm Inc. has agreed to pay BlackBerry Ltd. $940 million, including interest and legal fees, to settle a royalty dispute.
   Of special interests, besides that the Daily chart analysis suggests all orders on the long side merit consideration, is the Weekly, and Monthly sell/short “cautionary” suggestions usually highlighted in red …  warn of higher prices … a contrarian “bullish” indicator now highlighted in green.
  ———————–
———————–

  Qualcomm (QCOM) (d-w-m) Chart Analysis

 Currently the Moving Average Convergence Divergence (MACD) for Qualcomm (QCOM) is bullish since it is trading above its signal line. The MACD crossed above its signal line 20 trading days ago.  Since the MACD crossed its moving average, QUALCOMM’s price has increased +7.03% , and has ranged from a low of $51.05 to a high of $59.89.  The MACD is not in an Overbought/Oversold range.  There have been no divergence signals within the last 5 trading days.
MACD Value:    +0.929        Signal Line:   +0.605
 Friday’s (5/26/2017) Relative Strength Index (RSI) for Qualcomm was 59.1767 pulling back from Monday’s (5/22/2017) 75.1524.
See daily updates in:
  ———————–
qcom 20170526d
  Chart 1: Qualcomm (QCOM), Daily, EOD, O-H-L-C w/Resistances (r2, r1), Pivot Point (PP), and Supports (s1, s2).
———————–
(1) Analysis of DAILY chart activity through Friday’s (5/26/2017) close at $57.52
   The current trend is up and all orders on the long side may be considered.  If already holding long positions, look to take partial profits on any retracement to 55.02.   Traders with remaining long positions after profit taking should consider placing capital conserving stops in the region of $54.40.   Be prepared for a potential short term price pull back to the 56.63 area.
  •    Suggested placement of capital conserving stops:
  •   If Long, exit all contracts at:   54.40
  •   If Short, exit all contracts at:    59.89
(1.a) Additional DAILY chart info:
  • Overall, the bias in prices is: Upwards.
  • Short term: Prices are stalling.
  • Intermediate term: Prices are trending.
  • Note (1.a.1)  this chart shows extraordinary price action to the upside.
  • Note (1.a.2)  prices are vulnerable to a correction towards 56.01.
(1.b) DAILY chart price projection ranges (5/29/2017 – 6/2/2017):
  • The upper projected target is: 59.40.
  • The lower projected target is: 55.61.
  • The projected closing price is: 57.50.
  • Note: the above DAILY chart price projection ranges are for reference only, and can be easily exceeded by Mr. & Ms. Fickle Markets.
———————–
qcom 20170526sma-d
  Chart 2: Qualcomm (QCOM), Daily, EOD Close, Simple Moving Averages: sma3, sma9, sma20, sma50, sma100, sma200, sma400 … looking for moving average trends and crossovers
———————–
(1.c) DAILY chart Moving Averages
  •  The 3 period Simple Moving Average (sma3) at 58.20 is in an uptrend.
  •  The 9 period Simple Moving Average (sma9) at 57.58 is in an uptrend.
  •  The 20 period Simple Moving Average (sma20) at 56.00 is in an uptrend.
  •  The 50 period Simple Moving Average (sma50) at 55.57 is in a down trend.
  •  The 100 period Simple Moving Average (sma100) at 56.81 is in a down trend.
  •  The 200 period Simple Moving Average (sma200) at 61.23 is in a down trend.
  •  Notes:
  ———————–
qcom 20170526w
  Chart 3: Qualcomm (QCOM), Weekly, EOD, O-H-L-C w/Resistances (r2, r1), Pivot Point (PP), and Supports (s1, s2).
———————–
(2) Analysis of WEEKLY chart activity through Friday’s (5/26/2017) close at $57.52

     The current trend is down and all orders on the short side may be considered.  If already holding short positions, look to take partial profits at  any retracement to $59.89. Traders with remaining short positions, after profit taking, should consider placing capital conserving stops in the region of $59.89.  Be prepared for a potential short term price recovery back to the 57.75  area.

  •    Suggested placement of capital conserving stops:
  •   If Long, exit all contracts at:   51.05
  •   If Short, exit all contracts at:    59.89
(2.a) Additional WEEKLY chart info:
  • Overall, the bias in prices is: Downwards.
  • Short term: Prices are stalling.
  • Intermediate term: Prices are trending.
  • Note (2.a.1): prices are vulnerable to a correction rally towards 58.95.
(2.b) WEEKLY chart price projection ranges (5/29/2017 – 6/2/2017):
  • The upper projected target is: 64.48.
  • The lower projected target is: 50.71.
  • The projected closing price is: 57.59.
  •  Note: the above WEEKLY chart price projection ranges are for reference only, and can be easily exceeded by Mr. & Ms. Fickle Markets.
  • ———————–
qcom 20170526sma-w
  Chart 4: Qualcomm (QCOM), Weekly, EOD Close, Simple Moving Averages: sma3, sma9, sma20, sma50, sma100, sma200, sma400 … looking for moving average trends and crossovers
———————–
(2.c) WEEKLY chart Moving Averages
  •  The 3 period Simple Moving Average (sma3) at 56.84 is in an uptrend.
  •  The 9 period Simple Moving Average (sma9) at 55.35 is in a down trend.
  •  The 20 period Simple Moving Average (sma20) at 56.62 is in a down trend.
  •  The 50 period Simple Moving Average (sma50) at 60.58 is in an uptrend.
  •  The 100 period Simple Moving Average (sma100) at 57.04 is in a down trend.
  •  The 200 period Simple Moving Average (sma200) at 64.93 is in a down trend.
———————–
qcom 20170526m
  Chart 5: Qualcomm (QCOM), Monthly, EOD, O-H-L-C w/Resistances (r2, r1), Pivot Point (PP), and Supports (s1, s2).
———————–
(3) Analysis of MONTHLY chart activity through Friday’s (5/26/2017) close at $57.52
  The current trend is down and all orders on the short side may be considered.  If already holding short positions, look to take partial profits on any retracement to $71.62. Traders with remaining short positions, after profit taking, should consider placing capital conserving stops in the region of $71.62.  Be prepared for a potential short term price rally back to the $62.63  area.
  •    Suggested placement of capital conserving stops:
  •   If Long, exit all contracts at:   49.67
  •   If Short, exit all contracts at:    71.62
(3.a) Additional MONTHLY chart info:
  • Overall, the bias in prices is: Downwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  • Note (3.a.1): this chart shows extraordinary price action to the downside.
(3.b) MONTHLY chart price projection ranges (5/15/2017 – 6/30/2017):
  • The upper projected target is: 71.22.
  • The lower projected target is: 43.44.
  • The projected closing price is: 57.33.
  •  Note (3.b.1): the above MONTHLY chart price projection ranges are for reference only, and can be easily exceeded, up or down, by Mr. & Ms. Fickle Markets.
  •  Note (3.b.2): Market conditions unrelated to Qualcomm (QCOM)’s actual performance, such as the June FOMC meeting (highly probable rate increase in the Fed overnight banking rates from  a range of 0.75% to 1.0%  to a range of 1.0% to 1.25%) and June’s third Friday of the month Quadruple Witching (6/16/2017) are two of the many scenario analysis conditions contributing to the MONTHLY chart price projection ranges noted above.

—  Monday, 5/29/2017   thru    Friday 6/2/2017  ——

 

  Hope the above Qualcomm (QCOM) (d-w-m) calculations for Tuesday, 5/30/2017  this week, and month,  help your investing and trading planning today …

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s