Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>QCOM stock price is trying to defend the $105.00 support.</a> </li> 
 <li> <span>2</span> <a>Qualcomm stock price is approaching the 50-day EMA.</a> </li> 
 <li> <span>2</span> <a>Qualcomm Inc. stock price is stuck in a wide range.</a> </li>
</ul> 
<p>Qualcomm Inc. QCOM stock price defended $105.00 support and showed a minor bounce. Buyers trying to push the price above the 50-day EMA to regain the confidence of the long-term investors.&nbsp;Qualcomm stock price behavior is quite volatile and frequent gap up and gap down is normal. However, the price is inside the range and buyers are trying their best to rebound.&nbsp;</p> 
<p>QCOM stock price is in a downtrend but in the coming months, buyers succeed in expanding the range upward. Then a sharp rise toward $120.00 is possible. Moreover, it might also show signs of a bullish trend reversal.&nbsp;</p> 
<p>Qualcomm Inc. is near the demand zone so the downside looks limited. However, if the technology sector stocks witnessed a selloff, then <a href="https://www.thecoinrepublic.com/2023/09/05/qualcomm-stock-price-forecast-can-qcom-stock-touch-highs-soon/">QCOM</a> may be negatively impacted.&nbsp;</p> 
<p>At the beginning of September, buyers tried to break out of the $117.00 hurdle. But due to certain reasons, the price faced rejection and reverted down. The stock did not collapse but slowly tested the lower range.&nbsp;Qualcomm stock price closed the previous session at $109.80 with an intraday decline of -0.05%.</p> 
<h2 class="wp-block-heading" id="strong-qcom-stock-price-needs-fresh-buying-strong"><strong>QCOM Stock Price Needs Fresh Buying</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="435" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-128-1024x435.png" alt="" class="wp-image-173817" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-128-1024x435.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-128-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-128-768x326.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-128-1536x652.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-128-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-128-1140x484.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-128.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   NASDAQ: QCOM daily chart by <a href="https://www.tradingview.com/x/a6XtiVlY/">Tradingview</a>
  </figcaption>
 </figure>
</div> 
<p>QCOM stock price is reversing upward and bulls are returning back to the track. The buyers will gain confidence when they succeed in breaking the $117.00 hurdle. Till then, the price is expected to continue the consolidation in the existing range.&nbsp;</p> 
<p><a href="https://www.thecoinrepublic.com/2023/09/05/qualcomm-stock-price-forecast-can-qcom-stock-touch-highs-soon/" target="_blank" rel="noreferrer noopener">Qualcomm stock</a> needs fresh buying or any bulk deal for the breakout. Until the breakout happens, the trend will be down and sellers will remain active.&nbsp;On the other hand, if the price slips below $105.00, then bears may try to pull it down to new lows.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-qualcomm-stock-price-trading-range-bound-strong"><strong>Qualcomm Stock Price Trading Range Bound</strong></h3>  
<div class="tradingview-widget-container"> 
 <div id="tradingview_7abe3"></div> 
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> 
 <script type="text/javascript">
  new TradingView.widget(
  {
  "width": 950,
  "height": 500,
  "symbol": "NASDAQ:QCOM",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "light",
  "style": "1",
  "locale": "en",
  "enable_publishing": true,
  "allow_symbol_change": true,
  "studies": [
    "STD;RSI",
    "STD;Supertrend"
  ],
  "container_id": "tradingview_7abe3"
}
  );
  </script> 
</div>  
<p>Qualcomm stock price is trading range bound and formed a strong base near $100.00. Previously, sellers tried multiple times to drag the price below $100.00 but buyers came forward and defended it. In the coming months, if the price comes near $100, the previous price pattern may be repeated.&nbsp;</p> 
<p>The MACD curve slopes sideways but the histogram bars are green indicating mild bullishness. The RSI at 45 denotes neutral territory so the price might consolidate for some more time.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Qualcomm Inc. QCOM stock price defends $105.00 and reverses upward. The confirmation of the bullish reversal will come when buyers are able to break the $117.00 hurdle.&nbsp;The analysis suggests that until the Qualcomm stock price breaks out of the $117 level, investors should avoid creating a bullish position.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<ul> 
 <li>Resistance levels: $117.40 and $125.00</li> 
 <li>Support levels: $105.46 and $101.00</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

QCOM Stock Price Analysis: Does Qualcomm Stock Prepare to Fly?

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