Qualcomm (NASDAQ: QCOM) STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 168 – 171 |
Target | 179 – 181 |
StopLoss* | below 163 |
Duration | 14-15 Trading Days |
Potential Returns | 5% – 6% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 168 – 171 | 179 – 181 | below 163 | 14-15 Trading Days | 5% – 6% |
* Once the first target hit, reset the StopLoss at your buying price.
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Qualcomm (NASDAQ: QCOM) STOCK OVERVIEW
Qualcomm Incorporated specializes in wireless technologies, including 3G, 4G, and 5G connectivity. They also focus on high-performance and low-power computing, particularly in on-device artificial intelligence. The company operates through three segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives. QCT develops integrated circuits and software for 3G/4G/5G technologies, as well as other advancements like radio frequency front-end, advanced driver assistance systems, and Internet of Things solutions. QTL offers licenses and grants rights to their valuable intellectual property for wireless product manufacturing and sales.
Stock Data | |
TADAWUL Code | QCOM |
Sectoral Index | Technology |
52 Weeks High | 177.59 |
52 Weeks Low | 101.47 |
Qualcomm (NASDAQ: QCOM) RELATIVE STRENGTH
Relative Performance - Last 1 Year
Qualcomm — NASDAQ 100 —
Qualcomm (NASDAQ: QCOM) DAILY TECHNICAL ANALYSIS
- After the breakout of the Rounding Bottom pattern, price has given a huge upside rally.
- A bullish Pole & Flag pattern also has been formed at the daily chart.
- With a fresh breakout, price is trying to continue its uptrend.
Qualcomm (NASDAQ: QCOM) MA CROSS
- The short length moving average (10 SMA) is about to cross the long length moving average (20 SMA) from the below, generates bullish signal. Last dayโs candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
Qualcomm (NASDAQ: QCOM) ADX & DI
- Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
Qualcomm (NASDAQ: QCOM) STOCK PRICE FORECAST
Based on our USA stock trading advisory services, Qualcomm stock price target will be USD 179 – USD 181 in the next 14-15 trading sessions.