(QCOM) Long-term investment analysis

November 30, 2024, 7:00 PM ET, BY Bill Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for QCOM

• NONE. Details

There is currently no current support plan that could trigger a purchase of this stock. This usually means that there are no clear support levels at this point, so buying the stock when the price is falling could be seen as catching a falling knife. Buy signals only occur when resistance breaks upwards.
This is often a signal that the stock you are watching is weak. Waiting for a higher turn may be smarter than trying to catch a falling knife. In any case, new support levels are usually incorporated into the database at the beginning of the next trading session.

• Short QCOM just below 158.69, target n/a, stop loss at 159.15 Details

The technical summary data suggests shorting QCOM as it approaches 158.69, but the downside target is not available from the current data. This tells us to hold that position when it is triggered until a new downside target is set (updates occur at the start of each trading session) or until the position is stopped. The summary data shows that there is a stop loss at 159.15. 158.69 is the first resistance level above 158.53, and by rule any test of resistance is a short signal. In this case, if resistance 158.69 is tested, a short signal is present.

Swing trading plans for QCOM

• Buy QCOM just above 158.69, target 159.2, stop loss at 158.23 Details

If 158.69 starts to break higher, the technical summary data tells us to buy QCOM just above 158.69 with an upside target of 159.2. The data also tells us to set a stop loss at 158.23 in case the stock turns against the trade. 158.69 is the first resistance level above 158.53, and basically any break above resistance is a buy signal. In this case, 158.69, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short QCOM slightly near 158.69, target 152.4, stop loss at 159.15. Details

Technical summary data suggests shorting QCOM if it tests 158.69, with a downside target of 152.4. However, we should have a stop loss at 159.15 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if resistance 158.69 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Daily trading plans for QCOM

• Buy QCOM just above 158.69, target 159.2, stop loss at 158.32 Details

If 158.69 starts to break higher, the technical summary data tells us to buy QCOM just above 158.69 with an upside target of 159.2. The data also tells us to set a stop loss at 158.32 in case the stock turns against the trade. 158.69 is the first resistance level above 158.53, and basically any break above resistance is a buy signal. In this case, 158.69, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short QCOM slightly near 158.69, target 156.57, stop loss at 159.06. Details

Technical summary data suggests shorting QCOM if it tests 158.69, with a downside target of 156.57. However, we should have a stop loss at 159.06 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if resistance 158.69 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Check the timestamp of this data. Updated AI generated signals for Qualcomm Incorporated (QCOM) available here: QCOM.

QCOM ratings for November 30th:

AI generated signals for QCOM

Real-time updates for repeat institutional readers:

Instructions:

• Click the “Get Real-Time Updates” button below.

• At the login prompt, select “Forgot username.”

• Enter the email address you use for Factset

• To log in, use the user/pass you receive

• You have access to real-time updates 24/7.

From then on, you can just click to get the real-time update whenever you want.

GET REAL-TIME UPDATES

Technically, Qualcomm Incorporated (NASDAQ:QCOM) offers opportunities for traders who watch how the stock price fluctuates over time.

Warning:

This is a static report. The following data was valid at the time of publication, but support and resistance levels for QCOM change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and market crash protection with Evitar Corte.

Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when QCOM tests support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or sell, and support would accordingly be the downside target. In any case, the trigger point serves as both an ideal place to enter a position (avoid trading in the middle of a trading channel) and a risk control layer.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to distinguish trading plans for day trading, swing trading and long-term investment plans also for QCOM. All of this is offered below the overview table.