QUALCOMM (QCOM) Technical Analysis

QUALCOMM Inc (QCOM) is a leading provider of wireless technology and solutions. The company's stock has been in the spotlight lately, with investors closely monitoring its technical indicators. Technical analysis is a method used by traders to predict future price movements based on past market data. By analyzing various indicators, traders can gain insights into the strength and direction of a stock's trend. Let's take a closer look at some of the key technical indicators for QCOM.

One important indicator is the Relative Strength Index (RSI). This indicator measures the speed and change of price movements, indicating overbought or oversold conditions. Currently, QCOM's RSI is at a neutral level, suggesting that the stock is neither overbought nor oversold. Another useful indicator is the Average Directional Index (ADX), which measures the strength of a stock's trend. QCOM's ADX is showing a weak trend, indicating that the stock is lacking significant momentum.