QUALCOMM INC. - 1H - Technical analysis published on 04/29/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 75.09 USD
My targets
81.60 USD (+4.49%)
85.31 USD (+9.25%)
My analysis
The bullish trend is currently very strong on QUALCOMM INC.. As long as the price remains above the support at 75.09 USD, you could try to benefit from the boom. The first bullish objective is located at 81.60 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 85.31 USD as an objective. Crossing it would then enable buyers to target 89.29 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
QUALCOMM INC. rating 78.09 USD. On the day, this instrument gained +3.72% with the lowest point at 76.83 USD and the highest point at 78.16 USD. The deviation from the price is +1.64% for the low point and -0.09% for the high point.76.83
78.16
78.09
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this QUALCOMM INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 70.30 | 75.09 | 77.76 | 78.09 | 81.60 | 85.31 | 89.29 |
| Change (%) | -9.98% | -3.84% | -0.42% | - | +4.49% | +9.25% | +14.34% |
| Change | -7.79 | -3.00 | -0.33 | - | +3.51 | +7.22 | +11.20 |
| Level | Intermediate | Major | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 71.75 | 73.46 | 74.37 | 76.08 | 76.99 | 78.70 | 79.61 |
| Camarilla | 74.57 | 74.81 | 75.05 | 75.29 | 75.53 | 75.77 | 76.01 |
| Woodie | 71.36 | 73.26 | 73.98 | 75.88 | 76.60 | 78.50 | 79.22 |
| Fibonacci | 73.46 | 74.46 | 75.08 | 76.08 | 77.08 | 77.70 | 78.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 68.64 | 70.19 | 73.12 | 74.67 | 77.60 | 79.15 | 82.08 |
| Camarilla | 74.81 | 75.22 | 75.63 | 76.04 | 76.45 | 76.86 | 77.27 |
| Woodie | 69.32 | 70.54 | 73.80 | 75.02 | 78.28 | 79.50 | 82.76 |
| Fibonacci | 70.19 | 71.91 | 72.96 | 74.67 | 76.39 | 77.44 | 79.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.57 | 44.78 | 56.22 | 69.43 | 80.87 | 94.08 | 105.52 |
| Camarilla | 60.87 | 63.13 | 65.39 | 67.65 | 69.91 | 72.17 | 74.43 |
| Woodie | 30.68 | 44.34 | 55.33 | 68.99 | 79.98 | 93.64 | 104.63 |
| Fibonacci | 44.78 | 54.20 | 60.02 | 69.43 | 78.85 | 84.67 | 94.08 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.57 | |
| MACD (12,26,9): | 0.6100 | |
| Directional Movement: | 10.41 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 77.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 75.22 | |
| Elder Ray (13): | 1.05 | |
| Super Trend (3,10): | 74.88 | |
| Zig ZAG (10): | 77.97 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 91.80 | |
| TEMA (21): | 77.54 | |
| Williams %R (14): | -5.67 | |
| Chande Momentum Oscillator (20): | 2.35 | |
| Repulse (5,40,3): | 0.2700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 2.74 |
| MA7: | 75.10 | |
| MA20: | 73.37 | |
| MA50: | 73.64 | |
| MA100: | 81.23 | |
| MAexp7: | 77.22 | |
| MAexp20: | 76.46 | |
| MAexp50: | 75.61 | |
| MAexp100: | 74.44 | |
| Price / MA7: | +3.98% | |
| Price / MA20: | +6.43% | |
| Price / MA50: | +6.04% | |
| Price / MA100: | -3.87% | |
| Price / MAexp7: | +1.13% | |
| Price / MAexp20: | +2.13% | |
| Price / MAexp50: | +3.28% | |
| Price / MAexp100: | +4.90% |
News
Don"t forget to follow the news on QUALCOMM INC.. At the time of publication of this analysis, the latest news was as follows:
- Everguard.ai Joins Qualcomm Smart Cities Accelerator Program to Help Ensure Worker Safety
- Qualcomm Announces Quarterly Cash Dividend
- Qualcomm Schedules Second Quarter Fiscal 2020 Earnings Release and Conference Call
- BOE and Qualcomm Announce Strategic Collaboration
- Vuzix Joins Qualcomm Smart Cities Accelerator Program
This member declared not having a position on this financial instrument or a related financial instrument.
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