In checking on some trend signals on shares of QUALCOMM Incorporated (QCOM), we can see that the trendspotter opinion is currently “Buy”. What is Trendspotter? This signal uses a system combining volatility, momentum, and wave theory to help gauge the general trend. The trendspotter strength signal is currently Weak. This signal is compared to the historical performance where maximum would be considered the strongest, and minimum would be touted as the weakest. In terms of direction, the trendspotter signal is currently Weakest. This signal may indicate if the Buy or Sell is weakening or gaining strength, or if the Hold is leaning towards a Buy or Sell.
Investors and traders using technical analysis to study stocks may be looking at the ATR or Average True Range. Presently, QUALCOMM Incorporated (QCOM) has a 14-day ATR of 1.38. The Average True Range is an investor tool used to gauge stock volatility. The ATR is not used to figure out price direction, just to measure volatility. The ATR is an indicator developed by J. Welles Wilder. Wilder has developed multiple indicators that are still quite popular in today’s investing landscape. The general interpretation of the ATR is the higher the ATR value, the higher the volatility.
Changing lanes, we’ll look at what some of the short term technical indicators are reading for shares of QUALCOMM Incorporated (QCOM). The signal from the 20-day moving average is revealing a “Buy”. The 20-50 day MACD Oscillator, which can be used to identify bullish or bearish directional movement is currently showing a “Buy” signal.
Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Presently, QUALCOMM Incorporated (QCOM)’s Williams Percent Range or 14 day Williams %R is resting at -29.08. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.
Investors may use multiple technical indicators to help spot trends and buy/sell signals. Presently, QUALCOMM Incorporated (QCOM) has a 14-day Commodity Channel Index (CCI) of 58.01. The CCI was developed by Donald Lambert. The assumption behind the indicator is that investment instruments move in cycles with highs and lows coming at certain periodic intervals. The original guidelines focused on creating buy/sell signals when the reading moved above +100 or below -100. Traders may also use the reading to identify overbought/oversold conditions.
The Average Directional Index or ADX is a popular technical indicator designed to help measure trend strength. Many traders will use the ADX in combination with other indicators in order to help formulate trading strategies. Presently, the 14-day ADX for QUALCOMM Incorporated (QCOM) is 27.53. In general, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The ADX alone was designed to measure trend strength. When combined with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), it can help decipher the trend direction as well.
Investors are often focused on stock price support and resistance levels. The support is simply a level where a stock may see a bounce after it has fallen. If the stock price manages to break through the first support level, the attention may shift to the second level of support. The resistance is the opposite of support. As a stock rises, it may see a retreat once it reaches a certain level of resistance. After a recent check, the stock’s first resistance level is 58.89, and the second resistance level is 59.17. On the other side, investors are watching the first support level of 58.17, and the second support level of 57.73.
Taking a peek at some Moving Averages, the 200-day is at 58.79, the 50-day is 54.63, and the 7-day is sitting at 58.74. The moving average is a popular tool among technical stock analysts. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to help the trader figure out proper support and resistance levels for the stock.