charge fees on patentsTrump's decision to charge fees on patents exposes IDCC shares to long-term decline
IDI trade ideas
Interdigital signs licensing deal with Google, boosting stockInterdigital Inc., a prominent holder of telecom patents, has recently entered into a licensing agreement with Google . This partnership has positively influenced IDCC’s stock prices and underscores the high demand for Interdigital’s patented technologies.
Under the terms of the agreement, Google will integrate Interdigital’s technologies across various devices and services. This includes Google’s Pixel smartphones, Fitbit smartwatches, and other consumer electronics, as well as applications in mobile communications, video processing, and Wi-Fi services. While the financial specifics of the deal remain undisclosed, the agreement is expected to bolster Interdigital’s revenue streams significantly.
Technical analysis of Interdigital Inc (NASDAQ: IDCC)
Let us examine the potential investment opportunities based on the stock’s current technical setup:
Timeframe: Daily (D1)
Current trend: the stock is in an uptrend, with the resistance level at 118.05 USD recently surpassed
New resistance level: a new resistance level has yet to be established following the break
Support level: 115.10 USD
Potential downtrend target: should the stock reverse its current trend, the downside target could be at 109.00 USD
Short-term target: if the uptrend maintains momentum, the short-term target following a rebound from current levels could be 130.00 USD
Medium-term target: with sustained positive movement, the stock price might reach 140.00 USD
Investors should monitor Interdigital’s performance closely, as this new licensing deal with Google could provide significant momentum, potentially leading to further gains in the stock’s valuation. The strategic use of Interdigital’s technologies by a tech giant like Google not only validates the value of the patents but also showcases the potential for further industry partnerships.
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IDCC Going UpIDCC is holding the resistance(July 2018, June 2021)-turned-support level. Also 100 EMA. Squeeze Momentum indicator points towards bullish trend. RSI has crossed average from below. Indications of a bullish trend.
Pullback Buy in IDCCIDCC is a high-flyer taking a pause to digest its recent surge.
Investors loved the most recent earnings report and drove the stock up 28% in a week. The run happened on good volume with nice follow-through, so I expect to see shares continue to drift higher.
Right now, IDCC has a support shelf near $82. I would be surprised to see it get much lower than that.
A trader could buy here with a 5% stop loss for a low-risk trade.
Awarded ETSI Specialist Task Force Contracts, InterDigital DevelIDCC: InterDigital, Inc.
2021-02-09 04:00:00
Awarded ETSI Specialist Task Force Contracts, InterDigital Develops Multi-Access Edge Computing (MEC) Sandbox Enabling Edge App Developers
IDCC From its Support May 30, 2019IDCC just bounced from its support at $65 and we could see from the chart that probably the price would surge to its resistance at $70 area within 20 trading days.
InterDigital Partner EpiSci Awarded U.S. Army LTE ContractIDCC: interdigital inc
2018-08-29 08:30:36
Detected possible contract awarded
InterDigital (IDCC) Intrinsic ValueRetorno de Capital (Greenblatt): 1015.84%
P/E (Greenblatt): 5.6
Margen de seguridad en base a descuento de flujo de Caja(Graham): 48.6%
IDCC moving average cross over strong buy signalexcellent industry, R&D patents on wireless technology 3G, 4G 5G etc. 50 day moving average just crossed over and price is skipping off the trend line. If some momentum gets behind it a $140 price in a year would be possible otherwise steady growth likely would lead into the $90 range.
Buying Opportunity in IDCCBig institutions are buying up IDCC. Look for entry into a long position at $58.09.
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