QCOM closes above its opening price after recovering from early selling pressure


QUALCOMM Inc. (QCOM) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team

Highlights

QCOM closes above its opening price after recovering from early selling pressure
QCOM closes lower for the 4th day in a row
QCOM breaks below previous session low
QCOM falls to lowest close since August 2nd

Overview

Moving lower for the 4th day in a row, QCOM ended the week -0.89% lower at 64.82 after losing $0.26 (-0.4%) today. Today's closing price of 64.82 marks the lowest close since August 2nd. Trading up to $0.16 lower after the open, the stock managed to reverse during the session as bulls took control ending the day above its opening price. Closing below Thursday's low at 64.92, the market confirms its breakout through the prior session's low having traded $0.43 below it intraday.

Daily Candlestick Chart (QCOM as at Aug 10, 2018):

Daily technical analysis candlestick chart for QUALCOMM Inc. (QCOM) as at Aug 10, 2018

Friday's trading range was $0.44 (0.68%), that's far below last trading month's daily average range of $1.05. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly above average.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.


Market Conditions for QCOM as at Aug 10, 2018

Loading Market Conditions for QCOM (QUALCOMM Inc.)...
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