Qualcomm: the decline eases but holds
Qualcomm stock sheds 3% as the sell signal loses some edge
Our view last week
After last week's 13.7% rebound, Qualcomm stock gives some of that ground back: -1.2% this week, with buyers still holding the majority of volume but far less dominant (61%, versus 99% before). Money flow stays negative but eases, and the Sell signal, active for 7 weeks, is still ahead by more than 12%. This week's technical analysis isn't enough yet to confirm the reversal.
This week's summary
Qualcomm stock gives back ground after the rebound 2 weeks ago: -3% this week, with sellers retaking control of volume (59%) after 2 weeks of buyers in charge. Money flow, which had just started to recover, weakens again, and the ADX keeps declining, now for 11 weeks running. The short on the sell signal is already up more than 15%.
IQS Phase
64
ordinary
Signal Strength
24
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#49 / 93
US stocks
Trade P&L %
+15.12%
from signal to date, no stop loss
Rank position
ranks 49th among the 93 sell signals for US stocks in our ranking, with a signal strength of 24 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -3.53% · monthly +1.69%
QCOM belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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