Trader Robot Outperforms the Market: Achieves +4.60% Gain for QCOM in One Week
These advanced algorithms analyze vast amounts of data and execute trades with remarkable precision. One such example is the "Trend Trader: Popular Stocks (TA&FA)" bot, which has demonstrated impressive performance by generating a gain of +4.60% while trading Qualcomm Incorporated (QCOM) over the previous week. In this article, we will analyze the recent earnings results and technical indicators of QCOM to provide insights into its potential future trajectory.
Technical Analysis:
A key technical indicator for assessing the momentum of a stock is the moving average crossover. On June 9, 2023, the 10-day moving average for QCOM crossed bullishly above the 50-day moving average. This upward crossover suggests a positive shift in the stock's trend and may serve as a buy signal for traders. Furthermore, historical data reveals that in 9 out of 11 previous instances when the 10-day moving average crossed above the 50-day moving average, QCOM's stock price continued to rise over the following month. These statistics indicate an 82% likelihood of a continued upward trend in the near future.
Earnings Results:
The most recent earnings report for QCOM was released on May 3. During this period, the company reported earnings per share (EPS) of $2.15, which met the estimated value of $2.15. This parity between the actual and estimated EPS indicates that QCOM performed in line with market expectations. With 1.31 million shares outstanding, QCOM's current market capitalization stands at an impressive $137.47 billion.
Summary:
The combination of impressive gains achieved by the "Trend Trader: Popular Stocks (TA&FA)" AI trading bot while trading QCOM, along with the bullish crossover of the moving averages, suggests a promising outlook for the stock. QCOM's recent earnings report, which met market expectations, adds to its overall positive sentiment. However, it is essential for investors to conduct further research and consider other fundamental factors before making any investment decisions.
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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a provider of wireless communication systems
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