Qualcomm Technical Analysis (NASDAQ:QCOM)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Qualcomm stock price data and volume are plotted in QCOM stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Qualcomm. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Qualcomm stock analysis.
Qualcomm Moving Average:
Moving averages show the average price of QCOM stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer QCOM stock price movement for the moving average to change course.
Qualcomm Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the QCOM stock. The stock price is trading between the average and the lower band in the context of Qualcomm bollinger bands.
Qualcomm Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Qualcomm MACD indicator is below 0 indicating a bearish trend.
Qualcomm Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of QCOM stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .