Technical Analysis Of Qualcomm Inc.

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Today’s instrument is the Qualcomm Inc. stock traded on the Nasdaq exchange under the ticker QCOM

Looking at the QCOM’s chart, we can see that lately, it has been in a downtrend and that it was lastly traded at around $112.80.

Last night it announced its quarterly earnings which were (more or less) in line with expectations but with a gloomy outlook. Today we could expect it to test its lowest price of the year which was around $107, and if it breaks it down, then it would reach a new low level for the current year, as its 52W low is located at the price of around $102.

(Click on image to enlarge)

AAATrade's Intraday Technical Analysis of Qualcomm Inc. - 04/05/2023


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