Technical analysis confirms a bear tendency News ad

Promotions of the technical giant Qualcomm Inc. NASDAQ: Qcom They jumped up by almost 20% to their April minimums, but still looks like promotions, trying their best to wake up. They Closed a little more than $ 146 On Monday, since they continue to drift below from the moment of peak at the level of $ 156 in early May. Recently, since all unrest passes through the names of technology, Qualcomm seems to be stuck in neutral.

As we wrote, this will be disappointed for investors, because at least at least everything is in order. The latest Qualcomm revenues surpassed expectations both on revenue and income, and no significant changes occurred in its long -term history.

Nevertheless, Wall is still not buying. And, as its technical indicators shows, there are good grounds for caution. Let’s Break the graphs And what they tell us.

RSI: stuck in the middle

Qualcomm Relative force (RSI) index is Sitting about 50Right in the middle of its scale, which passes from 0 to 100. All lower than 30 usually signal the conditions of resold, while the indications above 70 suggest a bought pulse. At 50, the message is clear: There is no strong conviction in any case.

This type of technical drift reflects how the promotions worked over most of the year. There is no panic there, but there are no aggressive purchases. Such readings of RSI are ordinary when the market is waiting for a catalyst and can be considered as a good reason for investors to restrain the jump too quickly.

Macd: Bear Crossover Disliver

Perhaps more alarming is what is happening to Divergence of convergence of a sliding medium (MACD)The pulse oscillator, which helps traders determine changes in the trend.

Last week, Qualcomm survived Bear Macd Crossover, when a short -term signal The line crossed below the long -term MACD line, and now it goes to a negative territory.

This template often occurs ahead of the further drawback. This does not guarantee the sale, but this suggests that the impulse weakens, and buyers lose control.

After he did not keep his benefits since May, this crossover strengthens the idea that Qualcomm is returning to the deduction scheme, if not a frank, downward trend.

Medium movements: key level under the threat

Perhaps the most decisive technical test, ahead The average values ​​of Qualcomm. A 50-day sliding average remained firmly below 200-day Since October, a bearish signal, which probably acts even for the most favorable for the risk of investors. In addition, the company’s shares are almost accurately on this 50-day line.

Why does it matter?

Because key levels, such as 50-day sliding average Often acts like Line in the sand for tradersor as levels Support or resistance. If Qualcomm is convincing below, this can cause fresh sales pressure and mark the beginning of a new descending trend. And vice versa, if it bounces from this level, this can signal the short -term attempt to restore, but the lack of impulse in other places does not yet support much optimism.

Message of the market: at best, heat

In addition to technical indicators, a wider message from the market and the Wall Schell is caution. Qualcomm did not attract Bull analyst attention We saw that we poured into other names, such as NVDA Corp NASDAQ: NVDA or Advanced Micro Devices Inc NASDAQ: AMDField

While several firms such as Susquehanna and Benchmark, they supported optimistic species in May, most of the comments since April were neutral, without any serious updates or aggressive prices. The predominant mood, very similar to the RSI promotions, feels stuck in the middle.

This cool opinion reflects the current task of the company: it is steadily fulfilled, but without a clear narrative about growth in order to excite investors. AI Treaty Winds, emphasizing their peers, have not yet translated a breakthrough impulse into such needs of Qualcomm.

What is needed to break a dormant

It is becoming more and more clear that Qualcomm is will not move much higher without a Cleaning surpriseThis can come in the form of a major update of analysts, sharp demand or outstanding income report. Until then, technical offers offer the best tips when moods can change.

Qualcomm, no doubt A fundamentally solid businessThe field but in a risky environment, where capital is haunting growth and impulse, it is not enough to be “solid”. This stock will have to wake up, and now the graphs suggest that he is still sleeping.

Before considering Qualcomm, you will want to hear this.

Marketbeat monitors the highest and most effective analysts with the most effective Wall Street analysts and promotions that they recommend to their customers daily. Marketbeat has identified five shares that leading analysts quietly whisper to their clients to buy now before a wider market is won … and Qualcomm was not on the list.

While Qualcomm currently has a retention rating among analysts, analysts with the highest rating believe that these five promotions are better buying.

View five shares here

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