Qualcomm (QCOM) (d-w-m) for Monday (6/12/2017)

 

Caution: Critical week:  Monday June 12th thru Friday June 16th, 2017.  First, Market conditions unrelated to Qualcomm (Nasdaq: QCOM)’s actual performance, such as, 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%.  The current markets’ Sentiment suggests the FOMC rate increase is already being accounted for.  Second, June’s third Friday of the month a.k.a.: Quadruple Witching (6/16/2017) when stock options, stock futures, index options, and index futures expire  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 Bull/Bear ranges noted below.  Third, last Friday, a short seller with talking heads tv airtime said Nvidia ” … got ahead of itself …” and that took down Nvidia (NVDA) and a big chunk of Nasdaq companies, including Qualcomm, but maybe that will serve to refresh the Nasdaq …

for more about Qualcomm (QCOM) see About Qualcomm (QCOM)

 

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

Currently the Moving Average Convergence Divergence (MACD) for Qualcomm (QCOM) is bearish since it is trading below its signal line. The Qualcomm MACD crossed below its signal line 2 trading days ago. Since the MACD crossed below its moving average, QUALCOMM’s price has decreased 0.83%, and has ranged from a low of 56.74 to a high of 58.49. The Qualcomm MACD is not in an Overbought/Oversold range. There have been no divergence signals within the last 5 trading days.
MACD Value: +0.634                   Signal Line: +0.758

Friday’s (6/9/2017) Relative Strength Index (RSI) for Qualcomm was 50.0611

See daily Pivot Points, Support, Resistance, etc. w/updates in:


 

qcom 20170609d

Chart 1: Qualcomm (QCOM), Daily, EOD, O-H-L-C w/Resistances (r2, r1), Pivot Point (PP), and Supports (s1, s2).   (set as featured chart)

  • ———————–

 

(1) Analysis of DAILY chart activity through Friday’s (6/9/2017) close at $57.05

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 $56.74. Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of $56.74. Be prepared for a potential short term price recovery back above the $57.06 area.

  • Suggested placement of capital conserving stops:
  • If Long, exit all contracts at:  $56.20
  • 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 (6/12/2017 – 6/16/2017):

  • Note (1.b.1) prices are vulnerable to a correction towards $56.27.
  • The upper projected target is: $59.02.
  • The lower projected target is: $55.06.
  • The projected closing price is: $57.04.
  • 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 20170609sma-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 57.57 is moving sideways.
  • The 9 period Simple Moving Average (sma9) at 57.95 is moving sideways.
  • The 20 period Simple Moving Average (sma20) at 57.53 is in an uptrend.
  • The 50 period Simple Moving Average (sma50) at 55.71 is moving sideways.
  • The 100 period Simple Moving Average (sma100) at 56.12 is in a down trend.
  • The 200 period Simple Moving Average (sma200) at 61.02 is in a down trend.
  • Notes: The Qualcomm shorter term moving averages, the sma3, sma9, and sma20, were in an uptrend, now in a sideways pattern, but have crossed above the sma50, the sma400, and the sma100 to the upside. The sma3 crossed below the sma9 on May 30th, above on June 2d, and below again on June 8th. This looks like a pennant trading range setting up to trade between 57.40 and 59.05 … more homework needed.
  • ———————–

 

qcom 20170609w

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 (6/9/2017) close at $57.05

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 $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 $57.76 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.

(2.b) WEEKLY chart price projection ranges (6/2/2017 – 6/16/2017):

  • Note (2.b.1): prices are vulnerable to a correction rally towards $58.94.
  • The upper projected target is: $64.05.
    The lower projected target is: $50.25.
    The projected closing price is: $57.15.
  • 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 20170609sma-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 57.72 is in an uptrend.
  • The 9 period Simple Moving Average (sma9) at 55.57 is in an uptrend.
  • The 20 period Simple Moving Average (sma20) at 55.91 is in a down trend.
  • The 50 period Simple Moving Average (sma50) at 60.78 is in an uptrend.
  • The 100 period Simple Moving Average (sma100) at 56.93 is in a down trend.
  • The 200 period Simple Moving Average (sma200) at 64.85 is in a down trend.
  • ———————–

 

qcom 20170609m

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 (6/9/2017) close at $57.05

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 $62.14 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: $70.66.
  • The lower projected target is: $43.26.
  • The projected closing price is: $56.96.
  • 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, 6/12/2017   thru    Friday, 6/30/2017  ——

 

   Hope the above Qualcomm (QCOM) (d-w-m) calculations for June 12th 2017, day, week, and month …  help your investing and trading planning today …

 

 

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