Price sits 16.1% below the 50-SMA (203.90) but only marginally above the 200-SMA (169.15), signaling a deep pullback within a still-intact secular uptrend. RSI at 39.07 is subdued but not oversold, leaving room for a mean-reversion push higher, while MACD at -8.34 vs signal -7.84 confirms downside momentum is still in force and has not yet crossed. The trade-quality score of 89.8 and technical-inflection of 65.8 reflect an attractive risk-defined setup, but the negative MACD spread argues for waiting on confirmation rather than pre-empting the turn.
Sunday Playbook — Top 5 Setups
The day's five highest-conviction setups, ranked by technical inflection, profit-probability, and trade quality — 3 long, 2 short. Trade your plan and manage risk first. Also screened: $ALGN, $META, $ETOR, $HPQ, $AVGO, $RDDT.
5 of 5 plays
QCOM is testing its 200-day SMA (169.15) from above with price at 171.11, a classic inflection where the long-term trend line either reasserts as support or gives way. The working long bias hinges on this ~1.16% cushion holding while momentum stabilizes.
EntryStage entries on a reclaim/hold of 171.50-173.00 with MACD curling toward its signal line; a secondary add zone sits at 169.50-170.00 on a controlled retest of the 200-SMA.
TargetsFirst target 184.00-186.00, prior consolidation shelf and mean-reversion zone → Second target 195.00-198.00, approach to the declining 50-SMA at 203.90
StopDaily close below 166.50 invalidates the thesis — it would mark a decisive loss of the 200-SMA (169.15) and open the path to trend-follow selling with no nearby technical floor.
Educational only. Not financial advice.