QCOM
QualcommTuesday, 15 December 2020
5:23 AM (WIB)
Billions, maybe trillions of times a day…
That’s how often people around the world touch something made better by Qualcomm. It could be the smartphone in your pocket, the tablet on your coffee table, that wireless modem in your briefcase… it could even be that navigation system in your car or that action camera strapped to your chest. Who is Qualcomm, and what do we do? We are engineers, scientists, and business strategists. We are from many different countries and speak many different languages. We come from diverse cultures and have unique perspectives. Together, we focus on a single goal—we invent breakthrough technologies that transform how the world connects, computes, and communicates.
We often do what many thoughts were impossible.
Related Links:
www.qualcomm.com
www.youtube.com
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
QCOM 1D RANGE LONG TRADERanges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of volume average for a full position size.
b - If 75% of volume average then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
If not 75% then stand aside from the trade.
2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order.
Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd
trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look
at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit.
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
Qualcomm (QCOM): A Fundamental and Technical AnalysisIn this post, I’ll be providing my own analysis on Qualcomm (QCOM), shedding light on the fundamental and technical aspect of the stock.
What is Qualcomm?
Qualcomm (QCOM) is short for ‘Quality Communications’.
The American company was established by a communications engineer, Irwin Jacobs.
It’s a company that focuses on semiconductors, software, and wireless technology services.
Business Model
- Qualcomm is divided into two main businesses: QCT, and QTL
QCT
- QCT (Qualcomm CDMA Technologies) develops and supplies integrated circuits and system software
- Specifically, it develops and supplies systems and software used in mobile devices, wireless internet, communications devices, internet of things, and semiconductors used for vehicle infotainments.
- The smartphone AP is a core device that controls the OS, CPU, memory, audio, and the camera
- Qualcomm currently covers 50% of the market share for mobile device APs, and dominates 88% of the 5g Smartphone AP market.
- They are way ahead of their counterparts in both market share and technology.
- Qualcomm also offers a cloud service for vehicles, allowing wireless updates to take place
- They have also developed an autonomous driving solution chip called Snapdragon Driving.
- We will see cars that use this chip in 2023
- The RF Solution, a wireless network that allows signals to be identified without confusion, is also increasing in demand
- QCT covers 75% of the company’s revenue.
QTL
- QTL (Qualcomm Technology Licensing) grants licenses and rights to use intellectual property to others.
- Qualcomm possesses patents on CDMA, LTE, 5g, video and audio codec, WIFI, GPS, NFC and Bluetooth.
- QTL covers 23% of the company’s revenue
Financials
- Despite the numbers not being anything extraordinary, Qualcomm has reported a consistent increase in yoy revenue
- Especially in the case of Q3 2020, we have seen revenue and earnings skyrocket.
- The firm’s Q1 earnings was $468m, $845m in Q2, and $2.96b in Q3
- Along with this, their EPS has also skyrocketed, and analysts estimate a an EPS of $2.07 for Q4
- Qualcomm has not been profitable for the past few years due to their heavy investment in research and development
- While a lot was invested in R&D, the commercialization of proprietary 5g technology could bring immense profits to the company in the near future
Technical Analysis
- The daily chart shows a clear uptrend, with prices creating higher lows and higher highs
- Prices are trading within an ascending parallel channel, having been rejected by the top trend line resistance
- There are two major gap supports at $100, and $140
- The Moving Average Convergence Divergence (MACD) demonstrates diminishing bullish momentum, with decreasing histograms
- Nevertheless, as prices trade above the Ichimoku cloud and the 60 Simple Moving Average (SMA), the overall trend is very bullish
Summary
In conclusion, Qualcomm is a company that has a proven, solid business model. Their heavy investment in research and development is finally seeing light as the company turns increasingly profitable. Technical analysis also demonstrates immense bullish momentum behind the stock’s price.
If you like this analysis, please make sure to like the post, and follow for more quality content!
I would also appreciate it if you could leave a comment below with some original insight.
SOXX 5smaNotice how the 5sma has been resistance for the SOXX for the past 12 trading days (red oval).
This tells us that short-term, SOXX has to break the 5sma to get out of its current down-trend.
The purple line is the 50sma, which is now also resistance, as we crossed below it, and is now touching the 5sma.
QCOM w43 2020. Risky long to 132$. Better w8 correction to 100$Whole Picture
Price in upward channel
Weekly
Uptrend reach its high.
Now its time to loose steam and get corrected for price.
If it is not good earning on Q3 it is better sell. and open from 112 - 118.
Price is on the top of channel. too risky to buy.
Case 1.
Positive Earnings and good political sitatuion = Long up to 143$
Open Now
TP 132$
SL 115$
Case 2 - more possible.
Weak earings in Q3. - deep correction to 100$
For now i think the best way is to work in short terms.
Long Position with break triangle patterGood day!
I see the clear triangle patter on 1w chart, now the price covered 2/3 of pattern and probably ready to test support and resistance.
After falling of SMP I expect accumulation of Momentum and power to make trend go up.
On RSI and chart we have slight Divergence, but i suppose its related to SMP falling and reflex it.
QCOM 4 hr symmetrical triangle breakout scenarios NASDAQ:QCOM Recently exploded above 100, fueled by the hype of 5G. looking at the 4 hr chart, we have a strong symmetrical triangle pattern formed with breakout potential to both the bull and bear side. QCOM appears to have only slowed down due to the recent sizable pullback to QQQ and the tech sector as a whole. I am feeling very bullish on QCOM and will be looking to scalp on breakouts of the 120.2 supply and the ATH. If tech continues to bleed, we could see a solid short opportunity on a break below the trend line support, using the demand zones as TP points.
QCOM, enters monthly bullish trend. Expect Uptrend continuationQualcomm, Inc. (QCOM, $116.58) is predicted by Tickeron A.I.dvisor to grow by 4% to $121.24 or more within the next month. Keeping in mind similar previously-analyzed scenarios where the stock trended up during the month, the odds of an Uptrend continuation are 87%. Current price $115.85 is above $105.05 the highest support line found by Tickeron A.I. Throughout the month of 08/13/20 - 09/15/20, the price experienced a +3% Uptrend. During the week of 09/08/20 - 09/15/20, the stock enjoyed a +6% Uptrend growth.
Bullish Trend Analysis
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 38 of 60 cases where QCOM's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 81%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. shows that in 175 of 281 cases where QCOM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 62%.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 84%. During the last month, the daily ratio of advancing to declining volumes was 1.22 to 1.
The Tickeron Price Growth Rating for this company is 6 (best 1 - 100 worst), indicating outstanding price growth. QCOM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 10 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 10 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock better than average.
The Tickeron PE Growth Rating for this company is 18 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
QCOM BUY OR LONG , TARGET UP TO $122QCOM surpassed the established set (Gap big) and the volume was very large, showing a strong determination to raise
prices, I conducted "OPEN LONG", the model took a target equal to 80% of the V-shaped height .
Normally this pattern I will measure Target as SHS Pattern or Cup and Handle Pattern.
QCOM buy : $105
QCOM target : $120 +-2
Stop loss : 10%
Wish you good deals!
QCOM: Expect the bulls to win the $92.0the bulls have been very persistent with QCOM. it took more than 4 attempts to break the $81 and the $89.
next we should expect to breach the $92, maybe today by market close (that would be great), maybe Monday? we have good tail wind and positive/green sentiment - but the current short term move is not yet a fully formed uptrend (on the 1hr and Renko views)
let's keep watching. Projected target of $98 by Wk4 July still holds so far.
thoughts?