Qualcomm (QCOM) (d-w-m) for Monday (6/5/2017)

 

  The following is a Daily, Weekly, Monthly (d-w-m) chart (technical) analysis of Qualcomm (QCOM) a semiconductor (computer chip) manufacturer in the
Sector (GICS®) Information Technology and
Industry (GICS®)  Semiconductors & Semiconductor Equipment
for more about Qualcomm (QCOM) see About Qualcomm (QCOM)
  June 2017  The great, the good, the bad, and the what we surmise but do not know …
 First, the what we do not know:  Market conditions unrelated to Qualcomm (QCOM)’s actual performance, such as, only a week away, the June FOMC meeting June 13th to 14th holds a potential rate increase in the Fed overnight banking rates from the current range of 0.75% to 1.0%  to a range of 1.0% to 1.25%.
Second, then the always potentially bad:  June’s third Friday of the month Quadruple Witching (6/16/2017) is the second of the many scenario analysis conditions contributing to the Daily, Weekly, and Monthly (d-w-m) chart cautionary notes, pps pull back advisories, and price projection ranges noted below.
The good:  The current markets Sentiment suggests the FOMC rate increase is already accounted for.   Note: Qualcomm’s 50 day Simple Moving Average (sma50), down trend bottomed Friday (5/19/2017) at $55.55, rose 4 trading days to 55.59, and backed off Friday (5/26/2017) to 55.57 … considering Qualcomm traded ex-Dividend on Friday (5/26/2017) this bears watching
The great:  For the most part, the Daily, Weekly, and MONTHLY (d-w-m) Qualcomm chart cautionary notes, pps pull back advisories, and price projection ranges noted below, are warning of HIGHER, not lower prices.  Suggestions of higher prices are considered a contrarian indication and therefore will be highlighed in GREEN, versus the usual RED.

 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 24 trading days ago.  Since the MACD crossed above its moving average, Qualcomm’s price has increased 9.01% , 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:    +0.881        Signal Line:   +0.755
  Friday’s (6/2/2017) Relative Strength Index (RSI) for Qualcomm was 64.2157.
See daily Support, Resistance, etc. updates in:
———————–
qcom 20170602d
  Chart 1: Qualcomm (QCOM), Daily, EOD, O-H-L-C w/Resistances (r2, r1), Pivot Point (PP), and Supports (s1, s2).  Note the formation of “the Claw” in the above Daily chart … more homework is in progress …
———————–
(1) Analysis of DAILY chart activity through Friday’s (6/2/2017) close at $58.58
   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 $57.00.   Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of $55.02.   Be prepared for a potential short term price pull back to the $56.91 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.
(1.b) DAILY chart price projection ranges (6/2/2017 – 6/9/2017):
  • Note (1.b.1) prices are vulnerable to a correction towards $56.17.
  • The upper projected target is: $60.50.
  • The lower projected target is: $56.72.
  • The projected closing price is: $58.61.
  • Note (1.b.2) the above DAILY chart price projection ranges are for reference only, and can be easily exceeded by Mr. & Ms. Fickle Markets.
———————–
qcom 20170602sma-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 58.16 is in an uptrend.
  •  The 9 period Simple Moving Average (sma9) at 58.32 is in an uptrend.
  •  The 20 period Simple Moving Average (sma20) at 56.77 is in an uptrend.
  •  The 50 period Simple Moving Average (sma50) at 55.62 is in an uptrend.
  •  The 100 period Simple Moving Average (sma100) at 56.51 is in a down trend.
  •  The 200 period Simple Moving Average (sma200) at 61.14 is in a down trend.
  •  Notes: The Qualcomm shorter term moving averages, the sma3, sma9, and sma20, are in an uptrend and have crossed the sma50, the sma400, and the sma100 to the upside.  The sma3 crossed below the sma9 on May 30th, but returned to an uptrend on May 31st.
  •   ———————–
qcom 20170602w
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 $58.58

     Be prepared for a potential short term price pull back to the $57.77 area.   The current weekly 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 $59.89. Traders with remaining short positions after profit taking should consider placing capital conserving stops in the region of $59.89.
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:  Sideways.
  • Short term: Prices are stalling.
  • Intermediate term: Prices are trending.
(2.b) WEEKLY chart price projection ranges (6/2/2017 – 6/16/2017):
  • Note (2.b.1): prices are vulnerable to a correction advance towards $58.95.
  • The upper projected target is: $65.58.
  • The lower projected target is: $51.78.
  • The projected closing price is: $58.68.
  • Note (2.b.2): the above WEEKLY chart price projection ranges are for reference only, and can be easily exceeded by Mr. & Ms. Fickle Markets.
  •   ———————–
qcom 20170602sma-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 Qualcomm chart Moving Averages
  •  The 3 period Simple Moving Average (sma3) at 57.92 is in an uptrend.
  •  The 9 period Simple Moving Average (sma9) at 55.49 is in an uptrend.
  •  The 20 period Simple Moving Average (sma20) at 56.20 is in a down trend.
  •  The 50 period Simple Moving Average (sma50) at 60.68 is in an uptrend.
  •  The 100 period Simple Moving Average (sma100) at 56.99 is in a down trend.
  •  The 200 period Simple Moving Average (sma200) at 64.89 is in a down trend.
  •   ———————–
qcom 20170602m
  Chart 5: Qualcomm (QCOM), Monthly, EOD, O-H-L-C w/Resistances (r2, r1), Pivot Point (PP), and Supports (s1, s2).   Note the formation of “the Claw” in the above Monthly chart … more homework is in progress …
———————–
(3) Analysis of MONTHLY chart activity through Friday’s (5/26/2017) close at $58.58
     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 $62.32 area.
Suggested placement of capital conserving stops:
If Long, exit all contracts at:   $49.73
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 (6/2/2017 – 6/30/2017):
  • The upper projected target is: $72.23.
  • The lower projected target is: $44.81.
  • The projected closing price is: $58.52.
  •  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, 6/5/2017   thru    Friday, 6/9/2017  ——

 

   Hope the above Qualcomm (QCOM) (d-w-m) calculations for June 5th 2017  help your investing and trading planning today …

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6 thoughts on “Qualcomm (QCOM) (d-w-m) for Monday (6/5/2017)

  1. Based on my education in programming, I seriously do not believe Apple Inc. (AAPL) can successfully argue Qualcomm’s IP has nothing to do with whatever “touch” screen Apple chooses to use based on input/output. Streaming movies, videos, music, and music videos … requires a lot from the modem. Any iPhone user that wants to Facebook, Snapchat, Twitter, … text, send a picture, or check their e-mail, et cetera must tappity-tap-tap on their touch screen then hit enter, send, etc. This communication between the screen and the modem is controlled by the software input/output to/from device and then connectivity to the network for both send and receive … whether Apple Inc chooses to use Qualcomm chips, or not, the Standard Essentials Patents, such as for CDMA means Apple still needs a QCOM license … and Apple Inc. is selling a hand held computer in the disguise of a phone … kind of like trying to convince the sales tax man that the Rolls Royce you just bought should pay no more tax than a Ford because they both have four wheels …
    Or to put it another way …
    But, really, should an Apple device that is streaming movies, videos, music, and music videos … imposing a substantial demand on the network, modem to cpu to screen … pay the same as a phone that simply takes/makes calls… and maybe texts …. ??! Pretty sure common sense would say no! And, Apple Inc. is in a position to recover the costs of Qualcomm SEP Licensing with the sale of every app and with every movie and video streamed… not to mention the advertising sold …

    Like

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