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QUALCOMM INC

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QCOM trade ideas

Alpha opportunity from modem and processor chips monopolySummary 3 years into Covid and the risk of recession starts to outplay the chip shortage story of semiconductor industry. With its unmovable monopoly status in its own specialties, we think there is alpha for Qualcomm against its semiconductor peers . Dominance in modem chips and smartphone processors, the company recently declared another victory as Samsung KRX:005930 gave up the plan of using the self-developed processor Exynos2300 and continue with the latest snapdragon SM8550 for the coming new galaxy S23. Just a few days earlier, another source has also shown that Apple NASDAQ:AAPL might not be able to develop their own 5G modem chip on time, which means until 2023 100% of apple products will continue to rely on Qualcomm for connectivity modem chips (instead of the previous forecast at 20%). Although the smartphone market is expected to go into a bear market for 1-2 years, Qualcomm business should still be able to maintain growth by expanding market share within . Another trend worth note taking is the rapid adoption of electric vehicles that has speeded up the development of smart-automobiles, which as a result dramatically increased the chips consumption for the automobile industry. Qualcomm infrastructure and experience in internet-of-things (IOT) application is going to give them a natural edge to make a monopoly again in car chips , which can be the growth story in the coming 2-3 years. Albeit claiming monopoly in modem and high-end mobile processor chips, there are plenty of challengers from Taiwan and China especially on the lower-end chips. Among the challengers, Mediatek from Taiwan is rapidly gaining market shares by producing chips for mid-to-low tier smartphones such as Oppo, Vivo and most models of Xiaomi. The price barrier from lower-end chip makers make it hard for Qualcomm to entering the broader IOT market especially for devices that do not require high efficiency and computational power. Trading discussion Given the mid to long term positive outlook of Qualcomm, we can trade QCOM from both a short term rebound angle, as well as long term investing perspective . The company is currently trading at PE of 13.5, which is lower than its semiconductor peers. Low PE stocks are more defensive against valuation squeeze under the current increasing interest rate environment. Here are QCOM’s peers current PE for reference: NASDAQ:AVGO : 23.9 NASDAQ:NVDA : 40.7 NASDAQ:AMD : 28.7 NYSE:TSM : 17.4 Technically speaking, QCOM is still under a bearish trend with the 20 days moving average running below the 50 days, and both pointing downward. The 50 days moving average is still the biggest upside resistance for QCOM with two previous breakout attempts on Apr-28 and May-31 both failed. Currently QCOM is flirting around the 50 days moving average again and we shall closely monitor if the breakout will be successful or not. Here are some technical levels one should pay attentions to: Downside support 118.23: Jun-23 dropped to a 52-weeks low 96.17: Jan-17 2020 pre-covid high, which was broken on Jul-30 2020 Upside resistance 136.39: Jul-8 attempt of breaking 50 days moving average 151.2: Apr-28 attempt of breaking 50 days moving average (also the current 250 days level) Note that short term traders and long term investors can see and use the above levels quite differently. For short term traders, the upside resistance can serve as entry when breakout for trend following, and breaking downside support to exit. On the contrary, long term investors might make use of the downside support as entry to accumulate long positions at lower cost to save up more cost buffer to ride a longer cycle.
NASDAQ:QCOMLong
by geoffreyip523
QCOM compressing Good morning Traders, Today I am analyzing QCOM and far this will fall...The entire semiconductor sector has undergone MASSIVE compression over the last quarter with some names being down 40%+...I have been extremely bearish since Jan 22 on QCOM as well as others in the sector and have packed on some nice percentages the first half of the year...QCOM has had a nice break and retest of support as of yesterday and got tremendous pushback after the retest of the bottom side of the trendline...We've had a test and failure of the 50 RSI and now will retest the signal line...This stock has been in -MACD territory since Jan with no sign of convergence...I ultimately see this stock retesting the $118 to $121ish/price target 1 area and if a break of that price happens I believe we test the $110ish area as price target 2 with a $9 GAP down to $93ish area. Now, Do we fall that far over the last half of the year???? Who knows!!!! What we do know is that the P/E compression is happening across the sector and with liquidity being pulled out of the markets and all the macro crap happening in the world right now I see no bottom in sight for the time being. Always remember Be Smart Be Patient and Be Kind Have a great day everyone and feel free to leave your thoughts
NASDAQ:QCOMShort
by QuandaleDingleOG
Struggling at a Critical Support Level.I turned the support level blue versus green as it has been compromised a few times. There is a weaker support level forming below it. There is also what appears to be a descending triangle as the top trendline slopes down and the bottom one is flat. This pattern is neutral until a trendline is broken with a Confirmed trend in that direction. I like this stock, but I have to admit, it is looking a bit iffy right now. No recommendation. Neutral until a trend is in place.
NASDAQ:QCOM
by lauralea
QCOM-Has Two Bullish Patterns!Patterns Identified -Falling Wedge & Bullish Engulfing patterns weekly chart! QCOM filled a gap from November 4, 2021. I can clearly see that QCOM is going through price correction (ranging). If you take a closer look it has popped out of the upper trend line slightly. Take a look at the yellow box to verify. I've identified a bullish engulfing that leads me to believe that the stock has potential to break the channel and move to the upside. However, if it breaks the bottom of our channel, then we should expect to see price go down. However, a falling wedge pattern was identified with confluences (rising volume and momentum). Therefore, I am bullish on QCOM. My entry will be based on these findings to include the patterns identified. A break of the recent candle and channel will be my signal to enter a swing position. *This is not financial advice. Freedom & peace is prosperity, MrALtrades00 Gap up from November 4,2021 Falling Wedge Bullish Engulfing inside Falling Wedge pattern!
NASDAQ:QCOMLong
by MrALtrades00
4
QCOM - Poor technical SetupNASDAQ:QCOM seems to have a poor technical setup which increases the likelihood of stock filling the gap under $100. Silver Lining is the last ER call where Mgt downplayed a China Lockdown owing to the fact that consumer handheld business outside China remains strong and potentially offset China loss. Personally I'm on the fence here with an Avg around $141 evaluating my next steps (May see how NVDA plays out this week after ER). QCOM is my 4rd largest position. Current Portfolio as of 5/23: Cash 23% PG 13% AAPL 11% QCOM 10% AMD 9% MSFT 8% NVDA 8% CTRA 6% MRVL 3% GOOGL 3% F 3% WFC 3% Disclaimer: My opinion on stocks are mine alone and not to be taken as Investment advice.
NASDAQ:QCOM
by Stock_Legend
QCOM at key support? Qualcomm Short Term - We look to Buy at 124.23 (stop at 118.34) We look to buy dips. Previous support located at 125.00. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We look for a temporary move higher. Trading has been mixed and volatile. Our profit targets will be 141.29 and 149.10 Resistance: 145.00 / 160.00 / 190.00 Support: 125.00 / 110.00 / 100.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:QCOMLong
by Saxo
QCOM Wyckoff Distribution?Toward the end of last year, I posited the idea that QCOM was executing a "fake-out break-out". Bears get trapped after a failed consolidation then get short squeezed higher. Instead of trading to new highs, QCOM has only consolidated in a range near ATH. This leads me to believe that distribution is occurring near ATH. This is a major piece to wyckoffs price cycle. I have marked off the elements of the distribution cycle that I believe we have seen so far. The remaining elements are a final upthrust (optional) and last point of supply, which traps bulls in a false breakout and converts the last of a long position into a short position. Set up: The pattern breaks down when the Auto Reaction support zone is broken. I am looking to take a short below that level (~$170). I will be looking for a break below the 100 sma as well as RSI to cross below 50 and MACD to perform a bearish crossunder. Risk Management My price target is near 140. It happens to be the gap fill and the fib extension. That is about a $30 drop from current levels. I believe a $3-5 stoploss is appropriate for this kind of swing trade. I am sitting on my hands until I get confirmation that a breakdown will occur.
NASDAQ:QCOMShort
by Decam9