The bounce cools the sell signal's strength
Qualcomm bounces 7.3% this week as its sell signal loses steam
The bounce cools the sell signal's strength
Our view last week
Qualcomm is in week 2 of a sell signal, and the week just closed down 6.9%. Signal strength rises to 75 out of 100 — one of the sharpest drops yet, best read as possible exhaustion rather than confirmation — while the quality band flags trading not recommended: the stock remains 14.7% above its 200-week average. The confirmation closed lower again, and the message is to hold the position unchanged.
This week's summary
Qualcomm shares bounce 7.3% this week, a sharp turn from the 6.9% drop seven days ago: the sell signal's strength falls from 75 to 29, a sign that the decline had already burned through its push. Price stays boxed between the daily Kumo floor, in the 191 area, and the daily pivot-point average, in the 188 area, with volume contracting. In this week's technical analysis, the quality band still flags trading as not recommended.
Sell signal in observation
·3rd week from start
·US stocks
·T2
·📅 Earnings · Aug 5
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IQS Phase
51
ordinary
Signal Strength
29
decline losing steam
Sizing
MINIMUM
Ranking
#46 / 137
US stocks sell signals
Trade P&L %
+0.12%
from signal to today
restricted Platinum content