QUALCOMM Incorporated (QCOM) Jumped Up 6.3%, But Why?

After completing its last trading session, QUALCOMM Incorporated (QCOM) spiked up by 6.3% – here is what that looked like (as of 2019-11-08):

What is the cause of all this?? To understand this better, We ought to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.092, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.1, an Accumulation/Distribution Index (ADI) of 1.1, an On-Balance Volume (OBV) of 988.555, and a Chaiikin Money Flow (CMF) of -84.63. 2.131

Now let’s plug these indicators in. Consulting Trading View, we can conclude the following:

That is what an analysis of technical indicators seems to indicate for QUALCOMM Incorporated (QCOM). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.

Becky Steen

My name is Becky Steen, I am a technology writer who has been writing for this website for the past 4 months. You can contact me and ask me anything about science and technology. I especially like researching new gadgets. Most recently, at the request of many of our readers, I have started providing technical stock analysis news.

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Becky Steen

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