Qualcomm Inc (QCOM) short.All description on the chart.
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QCOM trade ideas
QCOM earnings could be better than analysts expectThe semiconductor has been hot lately, with recent earnings beats from MU, INTC, TSM, and TXN. These companies' performance implies that demand in this sector has recovered faster than analysts expected. That bodes well for Qualcomm, which posts earnings results Wednesday. The Zacks Earnings Surprise Prediction is 0%. However, QCOM has a long history of beating earnings expectations, which it's done for the last 8 quarters straight.
Technical analysis from Recognia and TradingCentral indicates that QCOM is in Elliott Wave 5, headed toward a price target of $80-82 per share. That's at least 6.5% upside from the current price. According to TipRanks, the average analyst price target is $84.70, which is 12.5% above the current price.
Analyst ratings on the stock are surprisingly mixed, given the high average price target. QCOM has a "sell" rating from Zacks, the most accurate analytics firm, and a 6/10 ("neutral") Equity Summary Score from Thompson Reuters StarMine. Investor sentiment appears neutral overall, with the stock holding above its daily moving averages, but MACD is below the signal line on both the hourly and daily charts. The price is currently below its 20-hour moving average and slightly below its Hull Moving Average. The price shadow on the candlestick chart implies that sellers are currently in control, but that buyers are waiting for a green light to take over.
The bottom line for me is that investors and analysts may be undervaluing Qualcomm and underestimating its prospects of an earnings beat, given the overall strength of the sector and the company's history of beating estimates. Qualcomm has strong support at its current level from both the volume profile and the daily moving average, which makes this possibly a good entry.
In the event of an earnings miss, the price could find earnings-day trend line support around $72.88 or moving average support around $67.50. Meeting expectations could leave the stock in a slow downtrend. An earnings beat could send the stock to $78, $79, $80.75, or $82.50. A really big beat could send it as high as $86 on earnings day.
QCOM stock. About to begin a rebounding trend19-JUL
www.pretiming.com
Investing position: In Falling section of high risk & low profit
S&D strength Trend: About to begin a rebounding trend as a downward trend gradually gives way to slowdown in falling and rises fluctuations
Today's S&D strength Flow: Supply-Demand strength has changed from a strong selling flow to a suddenly strengthening buying flow.
Forecast D+1 Candlestick Color : RED Candlestick
%D+1 Range forecast: 1.6% (HIGH) ~ -0.7% (LOW), 0.1% (CLOSE)
%AVG in case of rising: 2.0% (HIGH) ~ -0.8% (LOW), 1.1% (CLOSE)
%AVG in case of falling: 0.8% (HIGH) ~ -2.1% (LOW), -1.6% (CLOSE)
QUALCOMM HAD 65% REVENUE EXPOSURE IN CHINA, TEMPORARY RELIEF ?Mr Trump has ensured that the can get kicked down the road for another few months or possibly for much longer until he is reelected. This weekend's meeting with XI resulted in America gaining nothing but china Gaining a truce on tariffs and opening up the USA suppliers to Huawei, Mr Trump will feel a little more pressure as a result. In the short term chip stocks will rally and take the NAsdaq to new highs and Qualcomm could very well be one of the hottest stocks to own considering its high exposure to China.
QCOM Gap FillQCOM is testing resistance before the gap in its daily chart. Looking for this gap to fill up to $76 for 8% gain.
Daily QCOM price trend prediction by Supply-Demand strength.26-Jun NASDAQ:QCOM
Price Forecast timing analysis by pretiming algorithm of Supply-Demand strength
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong rises.
Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening buying flow when stock market opening.
read more: www.pretiming.com
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 2.4% (HIGH) ~ 0.0% (LOW), 1.6% (CLOSE)
%AVG in case of rising: 3.7% (HIGH) ~ -0.1% (LOW), 2.7% (CLOSE)
%AVG in case of falling: 0.7% (HIGH) ~ -1.9% (LOW), -1.0% (CLOSE)
Price Forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
QCOM stock price forecast timing analysis.14-JunStock investing strategies
Read more: www.pretiming.com
Investing position about Supply-Demand(S&D) strength: Strong buy as Rising section of high profit & low risk
Supply-Demand(S&D) strength linkage Trend Analysis: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong rises.
Today's Supply-Demand(S&D) strength Flow: Supply-Demand strength has changed to a strengthening selling flow when stock market opening.
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 3.2% (HIGH) ~ 0.2% (LOW), 2.3% (CLOSE)
%AVG in case of rising: 3.5% (HIGH) ~ -0.2%((LOW), 2.5% (CLOSE)
%AVG in case of falling: 0.6% (HIGH) ~ -2.0%(LOW), -1.1%(CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
$QCOMPossible break out coming for $QCOM. Looking at this stock there are three resistance lines. If it breaks through the first at $71.67 (+2.5%) we can see a nice run to around $79.12 (+13%) and best case scenario up to $86.45 (+23.5%). Look to buy now and sell when it bounces off one of these resistances. MACD indicating that there’s momentum going into the stock and RSI is showing that the stock isn’t over bought. Definitely has some room to run.
The Big Lie That Keeps Many Investors PoorToday we’ll bust a big lie about investing.
This big lie keeps many investors down. Belief in it is a tall hurdle to building wealth.
How many times have you heard a statement like this?
“The only way to make big profits is to take big risks.”
This is the conventional wisdom. It gets repeated in classrooms, on TV, and by stockbrokers over... and over... and over again.
The problem is, it’s complete nonsense.
Why This Lie Spreads
Like many lies, people tell this one for one of two reasons. Some genuinely don’t know any better. Others are happy to spread it because it’s convenient for them.
Mediocre financial advisors hide behind this lie. It’s the perfect excuse for when they fail to generate strong returns on their clients’ money.
Most academics embrace this lie too. A finance professor who’s never bought a stock won’t hesitate to lecture you on why markets are “efficient” and trying to beat the averages is a foolish waste of time.
You can see why this lie has become conventional wisdom. It has powerful friends.
Folks who take the lie seriously fall into one of two groups.
Group one thinks: “Well, I’m not willing to take a big risk, so I guess I’m destined to earn small returns.”
Group two thinks: “Well, I’m not settling for mediocre returns, so I’ll load up on risky stocks.”
Both of these mindsets are a shame. They blind investors from great opportunities to make big profits in safe stocks.
If you give me three more minutes, I’ll prove to you that it’s wrong. I’ll also show you how to collect big returns without risking big losses.
So What Exactly Is a “Risky” Stock?
Most folks would agree risky stocks carry a few key traits:
1. Expensive—stock price is high relative to earnings
2. Small—company lacks financial resources of larger competitors
3. Volatile—stock price swings around unpredictably
4. No dividend—suggests company’s profitability is shaky
You most definitely do not have to buy stocks with these risky traits to make big returns.
To prove it, let’s flip this on its head. A safe stock should be the opposite of a risky one. It should be cheap, big, stable, and pay a dividend.
Few companies fit the bill better than Disney (DIS)—a stock I’ve been recommending since July 2018. You can read the most recent investment case here.
To recap, Disney is a huge company—bigger than McDonalds (MCD), Wells Fargo (WFC), and Goldman Sachs (GS).
Its stock traded at just 15-times earnings, which was cheaper than the average US stock.
Disney’s stock price is stable. It pays a reliable dividend in the neighborhood of 2%. And it has increased its dividend by 21% per year, on average, over the past five years.
No Reasonable Person Could Call Disney (DIS) “Risky”
By any definition, Disney stock is safe.
Yet it recently leapt 30% in just four weeks.
And since the fall of 2016, its stock has gained 52%—far better than the S&P’s 36% gain.
This combination is possible because Disney is a disruptor stock .
The big leap in Disney’s stock price came when it unveiled details of its disruptive new streaming project that’s threatening Netflix.
I’ll give you another recent example of a safe stock exploding higher.
Like Disney, Qualcomm (QCOM) Is Very Safe, and Yet…
I first wrote about computer chip giant Qualcomm (QCOM) late last fall, telling readers it was a “buy.”
Even I was surprised when it rocketed 55% in two weeks recently, following news of a favorable legal settlement.
Like Disney, Qualcomm is big. Bigger than Starbucks (SBUX), American Express (AXP), and Lockheed Martin (LMT).
Its stock isn’t quite as cheap as Disney’s. But at 15-times next year’s earnings, its valuation is reasonable.
Its standard deviation is low—which means its stock is not volatile. And it pays close to a 3% dividend, which it’s raised for each of the last eight years.
Like Disney, Qualcomm stock is unquestionably safe.
Also like Disney, it has handed investors big, quick profits recently.
And ALSO like Disney, it has tapped into a disruptive megatrend.
As I explained a while back , Qualcomm makes cutting-edge hardware that will be powering 5G phones and computers.
The coming launch of 5G in America is the most disruptive event of the decade.
Clearly big, safe stocks can hand you big profits, if they’re on the right side of disruption.
QCOM - Long for mid BB testMorning traders,
QCOM has taken a beating, and looks like alot is flowing back into semi's today, if SPX can re-take 2766 we're looking at a potential full bottom reversal with alot of upside potential on this one.
Currently long june 7-21st calls targetting 71-75 zone
As always, if you find my info helpful or useful, smash that like and follow button!
Simple QCOM Hourly Patterns Exhibit Further Bearish SignalsSimple price action patterns on the hourly NASDAQ:QCOM chart are showing bearish indicators. First, a simple consolidation-breakout pattern on the downside, followed by a 65/200 EMA death cross. The cross backed a severe downtrend, covering the large gap from the 17th. These signs are highly indicative of further bearish NASDAQ:QCOM movement; and extremely reduced chance of a major reversal.
Qualcomm to drop by 15% ? Possibly even 25-30% within the year?Qualcomm overall is a solid company and usually performs bullish in the longer holding time frame..
BUT....
I have seem to come across some shorter to mid time frame bearishness.
First I' noticed QCOM forming a Head & Shoulders with weak looking shoulders that decline from the L.shoulder over to the R.shoulder. A gap also occurred from the L.shoulder over to the R.Shoulder within the same price region showing weakness here.
On Balance Volume shows that there are low exchanges of hands and could be signaling weak buying power and a sell off to come.
OBV to price also shows a Bearish Divergence.
Last but not least, we seem to be in the process of forming a descending triangle (iHVF) with flat bottoms and that is low slung.
Only sign of slight bullishness would be in the weekly time frame in which QCMON is bouncing within a channel that we seem to be within the bottom region of. QCOM has exited this channel before but usually tends to be extremely volatile when done so. Could this be a sign of another series of hyper volatility and a hint of the temporary health of the overall market?
QCMON to see around $48 soon and possibly even mid $30's within the year
QCOM does not have the support to stay up hereI just see the bubble popping, and I wanted to see how this publishing thing works :).
PARTY LIKE ITS 1999"Those Who Do Not Learn History Are Doomed To Repeat It."
Qualcomm is mimicking the Chart Pattern it took during 1999-2000. QCOM just spiked over 45%, similar to the meteoric rise it experienced during the Dotcom bubble. The correction that Qualcomm is experiencing will reverse quickly after Chinese impose their retaliatory tariffs. (June 1st) So Before July 19th we should see another pulse upward in-between 5-15% that replicates the spike in 2000 after the initial price action. MACD, RSI, volatility and time cycles all play key factors here. After the pulse whether QCOM rises or falls depends on the trend of AAPL and the market.
