Qualcomm stock: buy or sell

QCOM stock price: $139.49 2.42% At close on Mar 1st, 2021

Updated on:
Mar 2nd, 2021

1

Qualcomm stock brief

  • Qualcomm closed on Monday at $139.49 after climbing a 2.42%.

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?

In the current situation of Qualcomm there is not any eligible buy setup. This doesn't mean we expect a selloff for $QCOM in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Qualcomm stock?

"To sell or not to sell", if you are holding Qualcomm stock?. Trading strategies let us to avoid impetuous decisions based on our personal emotions or the noise surrounding the market. When selling, as well as buying, detailed strategies are very simple to use and are only applicable for selling stocks you already own, not for selling short Qualcomm stock

A golden rule is that you should never keep a trading operation that yields losses greater than those expected at the time of purchase. The moment to sell your stock should always be dictated 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

Qualcomm ratings

In the last 30 days, 9 brokerage ratings were published for Qualcomm. General sentiment is bullish, with 7 out of 9 posting optimistic forecasts

Qualcomm analysts' ratings - Last month
Brokerage firmRating
Feb 2nd, 2021
Cascend Securities Strong buy
Feb 3rd, 2021
Rosenblatt Securities Strong buy
Feb 4th, 2021
140166 Buy
Citigroup Strong buyNeutral
Deutsche Bank Aktiengesellschaft NeutralStrong buy
Mizuho Strong buy
Morgan Stanley Buy
Royal Bank of Canada
Susquehanna Buy

Qualcomm stock analysis

SMAs overview

QCOM stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $141.89 (1.72% above)
  • R2: $161.07 (15.47% above)
  • R3: $167.94 (20.40% above)
  • The current supports are:

  • S1: $134.44 (-3.62% below)
  • S2: $131.85 (-5.48% below)
  • S3: $123.40 (-11.53% below)
  • Bollinger bands

    QCOM stock Bollinger Bands chart

    Relative strength index

    The has been between the levels of 70 and 30 for some weeks, and therefore, without this indicator really being of any help to us in making any decisions.

    QCOM stock RSI chart

    Qualcomm stock price history

    Qualcomm went public priced at an adjusted price1 of $0.36 on Dec 1991. Since then, QCOM stock has risen by 38,647.22%, with an average of 1,332.66% per year. If you had invested $1,000USD in Qualcomm stock on the IPO, it would have a value of $387,472.22 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 stock 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 published by financial institutions in the last month. If you are a small investor you shouldn't trade based on these price targets.

    The average price target for Qualcomm stock calculated from the table below is $172.44. That is a 23.62% than the last price ($139.49).

    Qualcomm stock price predictions
    Brokerage firmPrice target
    Feb 2nd, 2021
    Cascend Securities $175.00$185.00
    Feb 3rd, 2021
    Rosenblatt Securities $155.00$175.00
    Feb 4th, 2021
    140166 $165.00$175.00
    Citigroup $165.00
    Deutsche Bank Aktiengesellschaft $170.00$190.00
    Mizuho $163.00$170.00
    Morgan Stanley $171.00$167.00
    Royal Bank of Canada $126.00$150.00
    Susquehanna $165.00$175.00

    Earnings and financials

    In early February, Qualcomm ($QCOM) hosted the quarterly investors event and released the report. Qualcomm posted earnings of $2.17 per share on sales of $8.2 billion. The market estimate was $2.10 per share on revenue of $8.3 billion.

    In comparison, the EPS for the same quarter last year was $0.99, so current EPS means a increase of 119.19%. Looking at revenue, figures exploded a 62.20% compared to $50.8B same quarter 12 months ago.

    Qualcomm ($QCOM) is hosting the earnings call late next April. Wall Street predicts of $1.67, compared to previous quarter that was $2.17.

    Qualcomm performance

    QCOM performance compared
    Company1m3m6m
    Qualcomm ($QCOM) -13.00% -3.70% 20.70%

    Important note:
    The thoughts contained in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this report does not have any knowledge of the specific scenarios of the reader, his or her own finances 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 Viewpoints are posted for learning motives only

    Qualcomm summary

    Monday, March 1st, 2021
    Open$137.5
    Close$139.49
    Day range$136.46 - $139.63
    Previous close$136.19
    Session gain2.42%
    Average true range$4.98
    50d mov avg$151.38
    100d mov avg$144.63
    200d mov avg$121.72
    Earnings dateApril 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 9 ratings in the last 30 days: 7 bullish, 0 bearish and 1 neutral.

    Will QCOM go up?

    Qualcomm had different price predictions issued by market analysts in the last 30 days forecasting the target price to $172.44. That is a 23.62% than the current price ($139.49).