Technical Analysis: Based on the Fibonacci levels, QCOM is currently trading near a critical resistance level of $172.73, with strong support at $157.14. The RSI(14) at 65.49 indicates the stock is approaching overbought territory but hasn't reached extreme levels yet. The positive MACD of 3.21 suggests bullish momentum.
News Impact Analysis: Recent positive catalysts include:
However, potential headwinds exist:
Price Prediction for Next Week: Based on technical indicators and positive news momentum:
Target price range: $172-177, with potential to test R2 at $177.54 if market sentiment remains positive.
Trading Recommendation: BUY
Rationale:
The price of QCOM is predicted to go up -5.88%, based on the high correlation periods with BLDP. The similarity of these two price pattern on the periods is 95.48%.
QCOM
BLDP
Year
QCOM Price Forecast($)
Potential Return(%)
2025
200.000
26.720
2026
210.000
33.050
2027
230.000
45.730
2028
250.000
58.400
2029
250.000
56.400
2030
250.000
56.400
Qualcomm collects royalty income on the majority of 4G and 5G handsets sold, as it holds many essential patents used in these networks.
Qualcomm is the clear market leader in wireless chips, with a leading market-share position in 5G chipsets and relationships with every prominent smartphone maker. It has leveraged this expertise into the automotive and Internet of Things end markets.
Qualcomm appears poised to gain share in PC CPUs as, after many years of fits and starts, the Windows ecosystem might finally be tilting its support toward CPUs from companies like Qualcomm.
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Upside
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