Qualcomm Inc | QCOM

Daily Technical Analysis of Qualcomm Inc

Qualcomm is up a bit on the day, funds flowing in kept the price up 1.02% since yesterday.

The Semiconductors company isn't at an immediate support or resistance level that might be predictive. Qualcomm hasn't established a very strong momentum in either direction over the last 3 months. We'll see if a stronger consensus among market participants emerges. In the near term it might meet some resistance around the $127.58 price point in the near future.

Analyst Ratings for Qualcomm By Price Target And Rating

Qualcomm has an overall positive view by the analysts. The current Analysts Sentiment Score is 149.81. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Susquehanna announced an upgrade on 2023-03-16 from Neutral to Positive and provided a price target boost 7.69% to $140.00 from $130.00. Raymond James initiated a rating of Market Perform on 2023-03-01. On 2023-02-05 Citigroup increased their price target by 25.71% to $132.00. Wells Fargo & Company boosted their price targ by 23.81% to $130.00 on 2023-02-03. Cowen announced a lowering of their price target to $155.00 from $165.00 on 2023-02-03. KeyCorp provided a price target boost of 6.67% to $160.00 from $150.00 on 2023-02-03. Morgan Stanley gave a boost to their price target and moved to $145.00 from $126.00 on 2023-02-03. Bank of America announced that they are reiterating a rating of Buy on 2023-02-03 and added a price target of $150.00. On 2023-02-03 Credit Suisse Group increased their price target by 10% to $165.00. Barclays upgraded from Equal Weight to Overweight on 2023-01-23 and also increased their price target by 25% to $150.00.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
QCOM	149.81	226.34	-9.62	166.28	-83.38

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2022-11-28)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
QCOM	-7.63	-13.69

Short interest for Qualcomm

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
QCOM	1.37	%1.2	1.6	-3.036	13350000

How Qualcomm compares to the broader Technology sector and the more specific Semiconductors industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Semiconductors Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	88	0.49	2.68	18.31	12.39	20.69	13.15	62.12	11.70	18.95	3.42	-6352.29	-8167.34	20.74	1.14	4.36	64.29
Technology Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	472	0.01	1.94	11.74	10.03	13.23	3.47	61.58	4.91	5.32	-6.49	-13551.82	-8679.72	17.58	1.59	4.37	38.74

Social Sentiment for Qualcomm

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
QCOM	8.00

Companies with the highest correlation to Qualcomm

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Short Interest Score
ON \| ON Semiconductor Corp	1.24	0.84	3.64	12.04	15.37	28.30	41.03	68	40.33	46.04	44.78	0.00	-20292.78	100	5.96215
ZBRA \| Zebra Technologies Corpor	1.24	-0.04	4.05	2.14	-5.21	9.87	-16.11	61	-13.82	-8.43	-19.27	-3613.39	-3604.84	0	2.62525
ASML \| ASML Holding NV	1.21	1.25	-0.77	10.60	18.53	19.58	26.73	50	52.53	62.58	36.58	-1241.55	-16208.76	0	0.748614
NVDA \| Nvidia Corp	1.2	2.76	-2.08	34.75	58.95	138.90	106.51	56	184.79	114.77	50.80	-1225.00	-19427.79	0	0.908474
DIOD \| Diodes Inc	1.2	-0.65	1.29	6.10	3.83	6.70	23.73	51	13.68	26.35	18.66	-3356.88	-514.81	0	3.37662
AVGO \| Broadcom Inc. Common Stoc	1.19	1.38	-1.04	28.02	28.35	54.98	42.13	62	77.80	90.22	39.90	-1400.00	-15030.98	0	1.91655
SWKS \| Skyworks Solutions Inc	1.19	-0.03	-0.87	6.62	-7.39	14.16	-1.58	55	0.78	-2.19	-3.14	-2993.79	-535.21	0	1.6983
SYNA \| Synaptics Inc	1.16	-0.61	-2.27	7.25	-24.26	-17.56	-43.56	43	-58.31	-28.95	-56.21	-47144.80	-666.51	0	4.94206

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