Qualcomm stock: buy or sell
Aug 1st, 2021
Qualcomm stock brief
- Qualcomm closed on Friday at $149.80 after merely moving a -0.79%.
- Last Thursday broke out above its latest top at $144.56
- The price is currently over the upper Bollinger band, which often indicates a short-term correction
- Qualcomm made public its financial report last Wednesday
- On July 23 broke out above its latest top at $144.56
Should I buy Qualcomm stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $QCOM stock a buy?
Currently, Qualcomm stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $QCOM will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Qualcomm stock?
When you are a novel trader and you own a stock with some profit, it's really hard to decide the good moment to sell and get your profits. Much like when we have to buy shares, determining when is the best time to sell is not a whimsy decision, and we must use our own trading style. When selling, as well as buying, detailed setups are very simple to follow and are only applicable for selling shares in your porfolio, not for shorting Qualcomm stock
A golden rule is that you should not hold an operation that shows a losses greater than those expected by the time of purchase. The timing to sell your stock should always be ruled by the stop-loss (automatic or manual)
Is it time to sell Qualcomm stock?
Currently, Qualcomm stock doesn't match any of our preferred sell setups, so if you hold Qualcomm shares and your operation is in profit probably is not time to sell now
We don't have any rating posted in the last month for Qualcomm
Qualcomm stock analysis
Supports and resistances
The current resistance levels are:
The current supports are:
Price readings above or below the Bollinger Bands tell us that the price has has trended strongly to extreme highs or lows. In this case, the price is beyond the upper band, and that should mean a possible short-term adjustment (at least) until it is under the band
Relative strength index
When the stays for so long below 70 and above 30, without indicating moments of overvaluation and undervaluation, the indicator becomes of little use, and we find ourselves in one of these cases.
Qualcomm stock price history
Qualcomm started trading on Dec 13th, 1991 at $0.35 per share1. Since then, QCOM stock surged by 42,700.00%, with an average of 1,472.41% per year. If you had invested $1,000USD in Qualcomm stock at that time, it would worth $428,000.00 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Qualcomm stock
Nobody knows how much a share will be priced in the future. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
The following table shows the price predictions published by brokerage institutions for the last 30 days. Again, these estimates are not direct recommendations for small investors and must not be trusted blindly.
We don't have any target price published in the previous 30 days for Qualcomm.
Earnings and financials
QUALCOMM Incorporated ($QCOM) published quarterly earnings of $1.92 per share last Wednesday, improving the Wall St consensus estimate of $1.68 per share. This Q3 report represents an earnings surprise of 14.29%.Compared to the same quarter last year, EPS was $0.86, so posted EPS is a increase of 123.26%. Looking at revenues, figures exploded a 52.13% compared to $52.2B same quarter last year.
Qualcomm ($QCOM) will host the earnings call next November.
Please read:The viewpoints written in this article are personal and not recommendations for you to buy or sell stocks. The author of this text does not have any knowledge of the individual positions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are expressed for educative motives only
|Friday, July 30th, 2021|
|Day range||$148.36 - $150.41|
|Average true range||$4.16|
|50d mov avg||$137.75|
|100d mov avg||$135.48|
|200d mov avg||$139.55|
|Earnings date||November 2nd, 2021|