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 -3.13% downward trend, sliding for three consecutive days on September 20, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where QCOM declined for three days, in of 297 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 15, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on QCOM as a result. In of 78 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 50-day moving average for QCOM moved below the 200-day moving average on August 29, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
QCOM broke above its upper Bollinger Band on September 01, 2023. 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 Aroon Indicator for QCOM entered a downward trend on September 15, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where QCOM's RSI Oscillator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 58 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 .
The Moving Average Convergence Divergence (MACD) for QCOM just turned positive on September 12, 2023. Looking at past instances where QCOM's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where QCOM advanced for three days, in of 303 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
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 (5.896) is normal, around the industry mean (7.984). P/E Ratio (14.286) is within average values for comparable stocks, (53.953). Projected Growth (PEG Ratio) (1.057) is also within normal values, averaging (2.360). Dividend Yield (0.028) settles around the average of (0.022) among similar stocks. P/S Ratio (3.191) is also within normal values, averaging (72.684).
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 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. QCOM’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
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
QCOM and
Correlation & Price change
A.I.dvisor indicates that over the last year, QCOM has been closely correlated with SWKS. These tickers have moved in lockstep 78% of the time. This A.I.-generated data suggests there is a high statistical probability that if QCOM jumps, then SWKS could also see price increases.
| Ticker / NAME | Correlation To QCOM | 1D Price Change % | ||
|---|---|---|---|---|
| QCOM | 100% | -1.35% | ||
| SWKS - QCOM | 78% Closely correlated | -1.52% | ||
| QRVO - QCOM | 75% Closely correlated | -0.46% | ||
| NXPI - QCOM | 74% Closely correlated | -2.10% | ||
| TER - QCOM | 74% Closely correlated | -1.84% | ||
| TXN - QCOM | 72% Closely correlated | -0.64% | ||
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