Qualcomm Incorporated

Intro

Qualcomm Incorporated is a global leader in the development and commercialization of foundational technologies and products used in mobile devices and other wireless products. From network equipment and broadband gateway equipment to consumer electronic devices, we help billions of people around the world connect, compute and communicate.

Technical Analysis

From December 02 to 16, 2021, the share price increased 12% in value to $192.61 due to Qualcomm archives 5G breakthroughs. From December 16 to 20, 2021 QCOM decreased -10% because of high inflation numbers in the United States. From December 20 to January 05, 2022, the share price climbed 11% mainly due to Qualcomm and Z-ONE TECH building a strategic relationship to work together to create a new digital experience for Smart Vehicles. Then the share price declined -10% because of rising covid cases. Today QCOM increased 8% in value to $188.64 per share due to Fed Chairman Jerome Powell assuring investors that the Fed is prepared to tighten monetary policy to maintain price stability.

According to the current technical indicators, the price could continue climbing 7% to $201.50.

Notes: On November 15, 2021, SMA 50’s line crossed to SMA 200’s line creating a golden cross.