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QUALCOMM Incorporated

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QCOM trade ideas

Qualcomm Incorporated (QCOM) In November 2024, Qualcomm outlined plans to diversify beyond smartphone processors, targeting $4 billion in annual revenue from its personal-computer business by 2029. This strategy aims to challenge industry leaders like Intel and AMD. The company also seeks to generate an additional $22 billion annually over five years by expanding into PCs, vehicles, and the Internet of Things (IoT). This diversification is crucial as Qualcomm anticipates a reduction in business from Apple, which is expected to transition to in-house modem chips for its iPhones. In October 2024, Qualcomm introduced the Snapdragon 8 Elite, a new processor featuring the custom Oryon CPU cores. This release marks Qualcomm's first custom microarchitecture for smartphone SoCs since the original Kryo cores.
NASDAQ:QCOMLong
by putraworks
Breaking: QUALCOMM ($QCOM) Shares Dip 5% In Premarket tradingShares in Qualcomm fell more than 5% in Thursdays premarket trading as a disappointing forecast for no growth in its patent licensing business overshadowed a higher-than-expected outlook for sales and profits. The shares fell 4.2% in extended trading on Wednesday, having closed up 1.6% on the day in regular hours. Qualcomm stock is up 14.5% this year. Despite the poor results It is pertinent to note that In 2024, QUALCOMM's revenue was $38.96 billion, an increase of 8.77% compared to the previous year's $35.82 billion. Earnings were $10.14 billion, an increase of 40.24%. Analyst Forecast According to 27 analysts, the average rating for QCOM stock is "Buy." The 12-month stock price forecast is $207.25, which is an increase of 17.85% from the latest price. Technical Outlook As of the time of writing, (NASDAQ: NASDAQ:QCOM ) stock is down 5.11% in Thursday's premarket trading with recent trading session closing with a moderate RSI of 66 however there will be an impediment today on the growth of NASDAQ:QCOM as a gap down is inevitable which is a bearish pattern that leads to further dip. In the case of extreme selling pressure, immediate support lies in the 61.8% fib retracement level. A dip to this could set NASDAQ:QCOM on a bullish course as liquidity has being swept on recent dip.
NASDAQ:QCOMLong
by DEXWireNews
QCOM: High-Probability, 1to5 Risk/Reward SetupQCOM has gapped up into a significant resistance area and is now testing its 200 EMA, a key technical level that often draws attention from institutional traders, who are able to move the price significantly. Then you have the general public FOMO, who are long because last year was 'so good'. This creates an attractive risk/reward trade opportunity. For Chart Enthusiasts: A potential head-and-shoulders pattern is forming: Left shoulder: March 2024. Head: All-time high on June 18, 2024, at $230. Right shoulder: The current price action, which appears to be breaking lower. For the Normal People In simple terms: QCOM established a base around $160 in March 2024. It rallied sharply, reaching $230 within a few months. Now, 10 months later, the price has returned to where it began, with heavy trading activity as buyers and sellers clash: Buyers: Believe this level will hold and the price will rebound. Sellers (like me): Expect this level won’t hold, and the price will drop further. My Position: I got short here with a stop-loss just above the 200 EMA and targeting mid to low 150s (that is actually more then 1to5 R/R) This risk/reward setup is very appealing, especially if we see weakness in the broader market or the semiconductor sector. (That "if" is the key point. If not, i'll be very quick to cover). Navigate with care, OnlyTrade2Win.
NASDAQ:QCOMShort
by onlytrade2win
Death Cross and Bear Flag in Qualcomm?Qualcomm has drifted since the summer, and now the bears might be stepping in. The first pattern on today’s chart is the sideways drift that began in August. Following declines in June and July, that series of slightly higher highs and higher lows may be viewed as a bearish flag. Recent moves below the range could also be interpreted as a breakdown. Second is the $180.95 level where the chip stock closed before its July 31 earnings report. Prices tested and failed at that level after the last set of numbers two weeks ago. Is resistance taking shape? Third, the 50-day simple moving average (SMA) had a “death cross” below the 200-day SMA in late September. That may suggest QCOM’s longer-term trend is weakening. Finally, our 2 MA Ratio custom script in lower study shows how the 8-day exponential moving average (EMA) has slipped below the 21-day EMA. That may suggest its shorter-term trend is also weakening. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:QCOM
by TradeStation
1
QUALCOMM DEEP DIVE (DD): A Trillion dollar Market Cap InboundQUALCOMM DEEP DIVE (DD): A Trillion-dollar Market Cap Inbound In this video, we will be doing a DEEP DIVE into: 1.) NASDAQ:QCOM H&S Pattern 2.) Why Qualcomm is a great investment, 6/6 score 3.) Implications for NASDAQ:INTC & NASDAQ:MBLY if they're acquired by Qualcomm. BULLISH MOBILEYE! 4.) Combining fundamental & technical analysis into investing I worked really hard to prepare this video; if you enjoy it, please consider sharing. 🙏 NFA #investing
NASDAQ:QCOMLong
by RonnieV29
10
QUALCOMM (QCOM): Diversified Growth Amid DowntrendQualcomm ( NASDAQ:QCOM ) presents an intriguing setup as we believe the wave I and a larger cycle might have concluded. Following its peak, NASDAQ:QCOM has dropped nearly 30%, retracing back to the range high. To finalize wave (A), we expect an additional leg down to complete the intra 5-wave structure. The likely target lies between $143 and $133, a range that aligns well with the Point of Control (POC) from March 2020 to now. This adds confluence to its significance as a potential support zone. Despite the technical setup, we caution that the risk for a long position remains high. A more favorable entry could arise once NASDAQ:QCOM reclaims the range, validating the start of a potential bullish wave. For the current quarter, Qualcomm projects revenues between $10.5 billion and $11.3 billion, with automotive sales anticipated to rise 50% year over year. CEO Cristiano Amon’s strategy to diversify Qualcomm beyond smartphones into chips for PCs, cars, and industrial machines underscores the company’s adaptability. The next financial results release is scheduled for January 29, 2025, offering further insights into Qualcomm’s trajectory. The $143-$133 range is a key zone for potential support, bolstered by its alignment with the POC. A decisive break below this zone could invalidate the bullish outlook, while a breakout above the range high may provide an opportunity to long this stock with lower risk. The completion of wave (A) would ideally coincide with a structural turnaround. We are closely monitoring NASDAQ:QCOM for any signs of a reversal. Should the stock confirm a reclaim of the range, we may consider initiating a long position with a more precise stop-loss strategy. Until then, patience and vigilance are essential.
NASDAQ:QCOM
by freeguy_by_wmc
Qualcomm: Target Zone Ahead!While many tech-sector stocks are aiming for new highs, QCOM remains locked in a narrow range around the $170 level. Last week, the stock initially reacted to the 23.60% retracement and now hovers near the edge of our blue Target Zone (coordinates: $159.57 to $121.52). Our primary expectation is for the blue wave (IV) to extend further below the support at $151.39, where we anticipate its low point. Technically, a direct breakout to the upside is also possible, as our Target Zone – and thus the minimum correction threshold – has already been reached. If the price decisively breaks above the resistance levels at $193.84, an overarching alternative wave count will come into play (probability: 33%).
NASDAQ:QCOM
by MarketIntel
Snapdragon 8 EliteQualcomm has been in a rising trend as shown by MA, but after ATH, the price falls into a REC. Price moves between two lines that are not parallel. It is an expression of indecision among investors about the direction. Significant break up or down, preferably with large volume, will give the direction, at least in the short term. Lately, there is no good correlation between price peak and volume peak. The sum of price momentum indicators goes from sell to buy during a month on Trading View. Analysts are predominantly bullish on the stock. Qualcomm, as often seen, went above expectations in its Q4 advance financial statements a week ago. The price jumped up briefly but is back in the REC I mention. Qualcomm has had a conflict with Arm for a few years, but Qualcomm diversifies and develops their own technology. The British chip design company Arm has revoked a license that allows the chip manufacturer Qualcomm to use Arm's intellectual property rights to design chips. But how important will it be? Qualcomm has developed a new processor Snapdragon 8 Elite, which is said to be based on Qualcommt's proprietary processor design Oryon. Supposedly, the new processor is faster, better suited to AI and will be implemented in mobile phones within weeks. Remember you must do your own research and assessment before buying and selling. Disclaimer: I have a position at Qualcomm.
NASDAQ:QCOM
by scorpiris
QCOM eyes on $164 going into earnings: Golden Genesis fib is keyQCOM pulled back sharply into a consolidation. Currently dancing precariously on a major support. Earnings report can launch it or trap bulls below. $ 164.00 - 165.72 zone is Golden Genesis + Covid fibs $ 149.25 - 152.16 zone is Golden Covid + Genesis fibs Losing both zones would be very bad for bulls. Road back to the top has only solo fibs for hurdles. IMO the odds ar that it dips to lower support below. =============================================== .
NASDAQ:QCOM
by EuroMotif
3
Technical Analysis of QCOMOverview of the Stock and Recent Price Action QCOM has experienced significant volatility over the past year, with notable movements that highlight key trading opportunities. From November 2023 to June 2024, QCOM enjoyed a strong uptrend, climbing from around $110 to a peak of approximately $220. However, after reaching this high, the stock entered a downtrend, declining to around $160 by November 2024. Step-by-Step Analysis 1. Trendlines and Channels Ascending Channel: Initially, QCOM was trading in a steep ascending channel, indicating a strong bullish trend until mid-2024. The subsequent downtrend has formed a descending channel, reflecting bearish market sentiment. 2. Fibonacci Retracement Levels Support: The $160 level has acted as a significant support area recently, with the stock bouncing off this level multiple times. Resistance: The $170 level is a notable resistance point. QCOM has struggled to break above this level in recent months. 3. Volume Analysis There are spikes in volume during significant price movements, such as the peak in June 2024 and the decline thereafter. This suggests strong investor interest and potential institutional activity during these periods. 4. Indicators and Events Earnings Announcements: Key earnings dates are marked on the chart, which can significantly impact price movements. Traders should watch for upcoming earnings reports. Potential Price Movement Bullish Scenario Entry Point: A break above the $170 resistance level with strong volume could signal a potential reversal and continuation of the uptrend. Stop Loss: Below $160 to limit downside risk. Profit Target: The next target would be in the $180-$190 range. Bearish Scenario Entry Point: A failure to hold the $160 support level could lead to further declines. Stop Loss: Above recent highs to avoid false breakdowns. Profit Target: The next support level would be around $150. Conclusion QCOM is currently in a consolidation phase between $160 and $170. A breakout above or below these levels, accompanied by strong volume, will likely determine the next significant price movement. Traders should monitor these key levels and be aware of upcoming earnings and dividend announcements.
NASDAQ:QCOM
by stocktechbot
QUALCOMM Short Trade Hits TP1 – More Bearish Targets PossibleTechnical Analysis: QUALCOMM – 15-Minute Timeframe (Short Trade) QUALCOMM has reached TP1 (171.92) in the short trade, with the remaining targets still in play. The initial downtrend is confirmed, and we are closely watching for the next targets to be hit. Key Levels Entry: 173.07 – The short position was initiated following clear bearish signals. Stop-Loss (SL): 173.99 – Risk management placed above the entry point to limit potential losses. Take Profit 1 (TP1): 171.92 – First target hit, confirming the downtrend's strength. Take Profit 2 (TP2): 170.08 – The next target is set as momentum continues downward. Take Profit 3 (TP3): 168.23 – Further price movement could test this level soon. Take Profit 4 (TP4): 167.09 – The final target for this short trade. Trend Analysis The price has broken below the Risological Dotted trendline, showing sustained bearish momentum. The price action confirms the downtrend, with TP1 already achieved, and lower targets still within reach. QUALCOMM has started its downward movement by hitting TP1. We are now observing further bearish pressure to meet the next targets. Risk management remains crucial with the stop-loss in place.
NASDAQ:QCOMShort
by ProfitsNinja