QCOM Fails to Reclaim Moving Averages Near $142.36
Shares of Qualcomm Inc (QCOM) declined 2.22% to $142.36 on March 2.
Key indicators suggest a mixed bias:
Momentum
RSI at 40.3 is neutral but improving. MACD reads -3.76 against its -5.10 signal line (bullish).
Moving Averages
Moving averages are stacked bearishly—price below the 9-day at $143.41, resistance at 21-day ($145.78).
Volatility
Bollinger Band width at 12.2% indicates normal volatility.
Despite the bearish EMA structure, bullish MACD divergence suggests patient buyers may find opportunity near $134.41.
Technical levels: $134.41 support, $151.80 resistance.
