Reading Between the Lines: Analyzing QCOM's Prospects Amidst Market Volatility.



QUALCOMM (QCOM) Daily Stock Analysis

QUALCOMM's daily stock entered the bullish zone two days ago, indicating an ongoing uptrend. However, on Monday, November 6th, the market displayed a weakening buying strength within the existing uptrend, suggesting an imminent corrective phase. This correction trend is anticipated to continue briefly over the next 1-2 days, followed by a potential re-entry into the bullish zone.

Even in the event of a return to the uptrend, it is expected to be short-lived, swiftly transitioning back into a corrective trend, which is likely to persist from the middle of the next week onwards. During this correction, buying strength is expected to diminish further, while selling pressure gradually strengthens, leading to a significant and prolonged downturn.

As this pattern persists into mid-November, the daily trend is highly likely to shift from the current bullish zone to the bearish zone. Towards the end of November, an overall downtrend is expected to dominate, indicating a high probability of a bearish market sentiment.

Please note that this analysis is based on current market conditions and historical data. Investors are strongly advised to conduct thorough research and consult with a qualified financial advisor before making any investment decisions.


Nov 06, 2023

Closed price

119.93

0.34%

 

 

Appropriate Investment Position: Bullish-Buy [Long-term strategy]

Today's stock price Buy-Sell intensity analysis

The current trend appears to be 'Entering a correction trend'. The OPEN-price started with a stronger upward rate than the current trend and The HIGH and LOW prices are showing a weaker HIGH-price and an appropriate LOW-price compared to the current trend. Finally, the CLOSE-price closed with a weaker upward rate than the current trend.

The overall buy-and-sell intensity indicates that the buy intensity is stronger than the sell.

Assuming that the average buy intensity is 100%,

Today's buy intensity is

11%

 

 

Tomorrow's stock price Buy-Sell intensity Prediction

Based on recent stock trends and technical analysis, it looks like QCOM stock will enter an Correction trend tomorrow

The %intensity of Risk & Return tomorrow :

-38%

HIGH ~ LOW % range tomorrow :

0.3%

-2.1%

Predicted Average loss over the next 3 days:

-1.3%

The price of QCOM stock moves in line with the rise and fall of the stock market index with a probability of

75%

 

, and conversely, it moves against the stock market index trend with a probability of

25%

 

because of the high similarity, the predicted flow might change depending on the flow of the stock market index. If any changes are made, the stock flow of the 10-day forecast may also change.

QCOM stock price 10 Day prediction [Short-term strategy]

It is expected that the overall trend movement over the next 10 days will follow a strong upward direction, with a ratio of 4 : 6 for the downward to upward direction, indicating a higher proportion of the upward trend. And, in terms of the expected strength of the upward and downward movements, the upward strength is somewhat higher, while the downward strength is moderate. Currently, it's about to begin a correction trend as an upward trend gradually gives way to a slowdown in rises and falling fluctuations. and It's maintaining a suitable Buy-Sell intensity for the current trend conditions.

Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position. A suitable investing position is 'Buy(Bullish) and Hold' for now. The appropriate buying timing is predicted to be in 2 days.

The buying date is

Nov 07

to

Nov 08

A good price to buy a stock:

$ 117.97

And the appropriate selling timing is predicted to be in 5 days.

 

The selling date is

Nov 10

to

Nov 13

A good price to sell a stock:

$ 126.33

(Prediction may shift due to changes in the Buy-Sell intensity)

Volatility of Prediction

Due to maintaining a proper flow of Buy-Sell intensity that is suitable for the current trend, pretiming predictions may have low volatility.

Prediction the turning point of the trend

The probability of a trend reversal occurring approximately 2 days from now, 6 days from now

67%

Prediction of Upper~Lower price range over the next 10 days

Price:

118.31

~

125.46

% Change:

-1.4%

~

4.6%

Median price between the upper and lower prices

121.89

1.6%

Analysis of the trend zone & level% and average intensity of trends

For the last 30 days, the average trend zone & level%

Bearish

-22%

The Current trend zone & level%

Bullish

50%

The expected average trend zone & level% for the next 10 days

Bullish

46%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

63%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-37%

(Min -100%)

Prediction the intensity of the trend and the range of the HIGH ~ LOW

Trend

%Intensity

HIGH

LOW

In 1 day: Entering a correction trend

-38%

0.3%

-2.1%

In 2 days: Reversion to an uptrend

-36%

0.1%

-0.5%

In 3 days: Uptrend

100%

2.1%

0.4%

In 4 days: Uptrend

92%

3.3%

0.5%

In 5 days: Entering a correction trend

73%

2.6%

0.5%

In 6 days: Entering a correction trend

-45%

0.2%

-1.4%

In 7 days: Correction trend

-24%

0.1%

-0.3%

In 8 days: Correction trend

-43%

0.0%

-1.1%

In 9 days: Correction trend

32%

1.0%

-0.5%

In 10 days: Correction trend

17%

0.9%

-0.7%

Average closing price in case of rising:

 

1.4%

=> HIGH ~ LOW range:

1.9%

~

-0.9%

Average closing price in case of falling:

 

-1.1%

=> HIGH ~ LOW range:

0.5%

~

-1.9%

The 10-day prediction and technical analysis of QCOM stock are conducted based on the analysis of buy-sell intensity by the pretiming analysis. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis.


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