$QCOM QUALCOMM Incorporated Stock Robo Analyst May 17 2020 #QCOM

QUALCOMM Incorporated (QCOM) “On a long-term technical basis, the stock (QCOM) is trading below its 200-day moving average which implies it is in a negative trend.

The stock has support at 72.81 and 67.06. If the stock breaks down through support at 72.81 then it will probably continue lower to 67.06. The stock has resistance at 78.25 and at 85.04. If the stock breaks up through resistance at 78.25 then it will probably continue higher to 85.04. The 200-day moving average is at 79.92. This will also act as resistance. The stock has broken out of its long-term downtrend and is looking more positive recently. If the stock can form new support above 72.81 look for a rally to previous highs. The stock is slightly overbought according to the Stochastic Indicator (68.68).”