On March 31, 2017 the Qualcomm Incorporated (
QCOM
) 100 day moving average (MA) crossed below its 200 day MA. Historically this has occurred 19 times and the stock drops at least 0.235%, with a median loss of 3.023% and maximum loss of 16.621 % over the next 10 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 50.3856. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is neutral.
The true strength index (TSI) is currently -0.0481. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is neutral and has been floating there for almost two weeks.
The negative vortex indicator (VI) is currently 1.1147. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending downward.
The stochastic oscillator K value is 50.5088 and D value is 39.3695. This is a cyclical oscillator that is highly accurate can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock has been trending up but is currently neutral on direction which will not last long.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall near-term stock direction appears to be indiscernible. Based on historical movement compared to current levels and the current position, the stock could drop 1.5% over the next two weeks. The minimum drop the last five times this MA crossover occurred was around 2%.
QCOM
) 100 day moving average (MA) crossed below its 200 day MA. Historically this has occurred 19 times and the stock drops at least 0.235%, with a median loss of 3.023% and maximum loss of 16.621 % over the next 10 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 50.3856. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is neutral.
The true strength index (TSI) is currently -0.0481. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is neutral and has been floating there for almost two weeks.
The negative vortex indicator (VI) is currently 1.1147. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending downward.
The stochastic oscillator K value is 50.5088 and D value is 39.3695. This is a cyclical oscillator that is highly accurate can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock has been trending up but is currently neutral on direction which will not last long.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall near-term stock direction appears to be indiscernible. Based on historical movement compared to current levels and the current position, the stock could drop 1.5% over the next two weeks. The minimum drop the last five times this MA crossover occurred was around 2%.
All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!
