QUALCOMM (QCOM): Navigating a Bearish Trend with Caution
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QUALCOMM (QCOM, $115.83), a leading semiconductor company, has recently entered a bearish trend, signaling the potential for a Downtrend continuation. A.I.dvisor's prediction indicates a projected decline of 4% to $111.2 or more within the next month. As investors evaluate their strategies, it's crucial to assess the factors influencing QCOM's current trend and consider the implications for potential investment decisions.
Examining the performance of the Semiconductors Industry, the average monthly price growth was 16%, with a corresponding quarterly price growth of 16%. Notably, it's essential to compare QCOM's performance within this industry context. While some stocks experienced significant price growth, such as ARRXF with a remarkable 56% increase, others faced notable declines, such as WKEY with a -26% fall. Understanding the market dynamics and the relative performance of QCOM can help investors navigate the landscape effectively.
In terms of volume growth, the average weekly volume growth for the Semiconductors Industry was -45%. However, the average monthly and quarterly volume growth for stocks in the same industry demonstrated positive trends at 35% and 34% respectively. These contrasting volume trends highlight the importance of considering the broader market sentiment and investor activity when assessing QCOM's performance.
Turning to QCOM's fundamental analysis ratings, it's crucial to examine key indicators that provide insights into the company's financial health. QCOM receives a valuation rating of 52, indicating a relatively reasonable valuation compared to its intrinsic value. The P/E growth rating of 55 suggests the potential for future earnings growth, while the price growth rating of 47 reflects the recent downward trend in the stock's price. Additionally, the SMR rating of 62 indicates favorable sales, profit margins, and return on equity.
Considering the profit risk rating of 62, it's important for investors to exercise caution and conduct comprehensive risk assessment. Understanding the potential risks and challenges that QCOM may face can help investors make informed decisions aligned with their risk tolerance and investment objectives.
With A.I.dvisor estimating the odds of a Downtrend continuation for QCOM at 84%, investors should carefully evaluate their investment strategies. Analyzing historical trends and the broader market dynamics can provide valuable insights and inform decision-making.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. It is important to conduct thorough research and consult with a qualified financial advisor before making any investment decisions.
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QCOM in upward trend: 10-day moving average broke above 50-day moving average on September 30, 2024
The 10-day moving average for QCOM crossed bullishly above the 50-day moving average on September 30, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 54 cases where QCOM's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
QCOM moved above its 50-day moving average on October 25, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where QCOM advanced for three days, in of 311 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 258 cases where QCOM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 28, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on QCOM as a result. In of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for QCOM turned negative on October 23, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 50-day moving average for QCOM moved below the 200-day moving average on September 26, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where QCOM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
QCOM broke above its upper Bollinger Band on October 14, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (7.680) is normal, around the industry mean (7.487). P/E Ratio (21.746) is within average values for comparable stocks, (58.779). Projected Growth (PEG Ratio) (1.062) is also within normal values, averaging (2.825). Dividend Yield (0.019) settles around the average of (0.020) among similar stocks. P/S Ratio (5.141) is also within normal values, averaging (43.322).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 67, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. QCOM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of wireless communication systems
Industry Semiconductors