Qualcomm stock: buy or sell

QCOM stock price: $130.15 2.39% At close on May 14th, 2021

Updated on:
May 17th, 2021

1

Qualcomm stock brief

  • Qualcomm closed last Friday at $130.15 after rising a 2.39% and broke a streak of 3 sessions in red.

Should I buy Qualcomm stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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?

Knowing when to sell a stock is even harder than knowing when to buy it. Trading strategies prevent us from making impetuous decisions based on our emotions or the buzz surrounding the market. Our trading system selects very simple strategies to guide us on when is a good moment to sell a stock. Be aware that these strategies should not be used for shorting Qualcomm stock

A golden rule is that you should never mantain an operation that yields higher than expected losses at the time of the buy. The moment to sell shares should always be determined 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 stock and your operation is in profit probably is not time to sell now

Price lost SMA50 level

However, that upward trend may have come to an end, or show some signs of exhaustion, since the price lost that moving average level on May 10. The time above the 50-day MA has been short (11 sessions) so any price falling back below that threshold means that there are signs of weakness and it may be time to exit the position if we are medium term investors or swing traders

Qualcomm ratings

In the last month, 11 ratings were published for Qualcomm. General sentiment is bullish, with 7 out of 11 posting positive outlooks

Qualcomm analysts' ratings - Last month
Brokerage firmRating
Apr 19th, 2021
Evercore ISI BuyNeutral
Susquehanna BuyNeutral
Apr 26th, 2021
Susquehanna BuyNeutral
Apr 29th, 2021
Canaccord Genuity Strong buy
Citigroup Neutral
Mizuho Strong buy
Morgan Stanley Buy
Piper Sandler BuyBuy
May 5th, 2021
Canaccord Genuity Strong buy
Morgan Stanley Buy
Piper Sandler Buy

Qualcomm stock analysis

SMAs overview

QCOM stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $131.23 (0.83% above)
  • R2: $132.47 (1.78% above)
  • R3: $135.60 (4.19% above)
  • The current supports are:

  • S1: $124.39 (-4.43% below)
  • S2: $123.68 (-4.97% below)
  • S3: $122.99 (-5.50% below)
  • Bollinger bands

    Since the price broke down the lower band last Wednesday, the price bounced off by 5.23%

    QCOM stock Bollinger Bands chart

    Relative strength index

    The RSI crossed up the oversold line of 30 last March after just being in the oversold zone for a single day (what can be considered a strength signal). The RSI reading last Friday was 44.78. Since that level was crossed up, Qualcomm price exploded a 5.64%

    QCOM stock RSI chart

    Qualcomm stock price history

    Qualcomm started trading priced at an adjusted price1 of $0.36 on Dec 1991. Since then, QCOM stock has risen by 36,052.78%, with an average of 1,243.20% per year. An investment of $1,000USD on Dec 1991 would have a value of $361,527.78 today.

    1: Adjusted price after possible price splits or reverse-splits

    QCOM stock price history chart

    Price target for Qualcomm stock

    Nobody knows how much a share will be priced tomorrow. However, many stock price forecasts are posted every day by banks, financial institutions and independent analysts.

    The following table shows the price forecasts released by financial institutions in the last 30 days. Again, these predictions are not direct recommendations for individual traders and should not be followed blindly.

    The average price target for Qualcomm stock calculated from the table below is $170.60. Qualcomm closed at $130.15 last Friday, that is a 23.71% than the target price.

    Qualcomm stock price predictions
    Brokerage firmPrice target
    Apr 19th, 2021
    Evercore ISI $195.00$150.00
    Susquehanna Not available
    Apr 26th, 2021
    Susquehanna $175.00$155.00
    Apr 29th, 2021
    Canaccord Genuity $180.00$188.00
    Citigroup $165.00$154.00
    Mizuho $170.00$175.00
    Morgan Stanley $167.00$173.00
    Piper Sandler $160.00$175.00
    May 5th, 2021
    Canaccord Genuity $180.00$188.00
    Morgan Stanley $167.00$173.00
    Piper Sandler $160.00$175.00

    Earnings and financials

    Earnings event was hosted by Qualcomm ($QCOM) in late April after releasing the earnings report. Qualcomm presented earnings of $1.90 per share on revenue of $7.9 billion. The market estimate was $1.67 per share on revenue of $7.6 billion.

    In comparison, the EPS for the same quarter last year was $0.88, so current EPS means a increase of 115.91%. Looking at sales, figures skyrocketed a 52.13% compared to $52.2B same quarter a year ago.

    Qualcomm ($QCOM) is hosting the Q3 earnings call next July. Market forecasts of $1.67, compared to Q2 that was $1.90.

    Qualcomm performance

    QCOM performance compared
    Company1m3m6m
    Qualcomm ($QCOM) -5.40% -12.20% -11.00%

    Disclaimer:
    The opinions written in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this text does not know the specific conditions of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are provided for educative reasons only

    Qualcomm summary

    Friday, May 14th, 2021
    Open$128.63
    Close$130.15
    Day range$127.81 - $131.42
    Previous close$127.11
    Session gain2.39%
    Average true range$5.52
    50d mov avg$133.86
    100d mov avg$141.73
    200d mov avg$133.84
    Earnings dateJuly 28th, 2021

    Frequently asked questions

    What is Qualcomm stock symbol?

    QUALCOMM Incorporated is a public company trading in the US stock market with the QCOM symbol

    Is Qualcomm stock a buy or sell?

    Qualcomm received 11 ratings in the last 30 days: 7 bullish, 0 bearish and 4 neutral.

    Will QCOM go up?

    Qualcomm had different price predictions published by analysts in the last 4 weeks forecasting the target price to $170.60. That is a 31.08% than the last price ($130.15).