Qualcomm (QCOM) Stock today fell for 4th straight day, hits 2-year low

By InvestMacro.com | #stocks #QCOM

QUALCOMM Incorporated End of Day Update: October 12 2022

The QUALCOMM Incorporated (QCOM) stock closed down for the day with a decline of -1.05 percent and ended the day around the 109.16 price level, according to unofficial data at the New York close.

Qualcomm, an American technology company based in California, opened the trading day at the 110.32 level with the high of the day at 110.80 and the low of the day at 108.38.

Today saw the QCOM stock drop for its fourth consecutive day and dip to its lowest trading level since September 21st of 2020, a span of just over two years.

The QCOM Trend is down, RSI level is Bearish

The stock is currently trending lower over the past 200 days as seen by the linear regression trend line (red) in the chart below. QCOM has fallen from trading over $180 per share in late December 2021 to currently under $110 per share today.

The Relative Strength Index, an indicator that can indicate overbought (above 70) and oversold levels (below 30), shows that the current RSI is at a 31.3 score. This equates to a Bearish reading on the daily time-frame.

QCOM Price Returns (Closing Price Changes)

The QCOM is now down by -8.21 percent over the past 10 days while seeing a slide of -18.33 over the past 30 days. The 90-day change is -22.27 while the 180-day return and the 365-day return are -33.02 and -18.28, respectively.

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