Qualcomm Stock: Bullish Technical Setup
- (NASDAQ: QCOM) is showing bullish signs as its stock maintains an uptrend, supported by the recent Alphawave acquisition.
- The Alphawave acquisition has been a key catalyst, positioning Qualcomm (QCOM) in the high-growth data center market.This move provides investors with a fresh reason to rally behind the...
- Despite recent cooling,Qualcomm's uptrend remains intact,consistently reaching higher highs and lows.
News from News Directory 3: Qualcomm (QCOM) stock signals a bullish trend,fueled by the Alphawave acquisition,despite cooling after a 30% rally. Technical indicators are flashing green, with the $152 level becoming a critical support to watch. The acquisition strategically positions Qualcomm in the thriving data center market. The relative strength index (RSI) stands strong, and the moving average convergence divergence (MACD) confirms positive momentum. Analysts are anticipating a surge leading up to the July earnings report. With a favorable price-to-earnings ratio, Qualcomm (QCOM) presents an attractive opportunity for investors seeking growth stocks. Pre-market activity suggests buyers are stepping in. Discover what’s next …
Qualcomm Uptrend Continues Amid Alphawave Acquisition
Updated June 19, 2025
Qualcomm Inc. (NASDAQ: QCOM) is showing bullish signs as its stock maintains an uptrend, supported by the recent Alphawave acquisition. Shares closed just under $155 on tuesday, experiencing a slight pullback after a significant rally from April lows. This surge saw the stock gain more than 30%, marking a strong period for the company.
The Alphawave acquisition has been a key catalyst, positioning Qualcomm (QCOM) in the high-growth data center market.This move provides investors with a fresh reason to rally behind the stock. Despite past frustrations with Qualcomm’s performance compared to its peers, its current price-to-earnings ratio of 16 makes it an attractive option for investors seeking growth stocks.
Technical indicators support the bullish outlook. Despite recent cooling,Qualcomm’s uptrend remains intact,consistently reaching higher highs and lows. The $152 level is a crucial support to watch. As long as the stock holds above this point, buyers maintain control.Wednesday’s pre-market session showed buyers stepping in, suggesting the uptrend is highly likely to continue.
the relative strength index (RSI) sits at 55, indicating bullish territory without being overbought. The moving average convergence divergence (MACD) also confirms the forward momentum. The alignment of price action and technical indicators suggests further gains are ahead for Qualcomm.
Qualcomm’s next earnings report, scheduled for the end of July, is a key date for investors. With the broader market showing risk-on behaviour, growth stocks like Qualcomm tend to outperform.Given Qualcomm’s history of exceeding expectations, analysts anticipate Wall Street to buy into the stock leading up to the earnings release.
What’s next
Looking ahead,the Alphawave acquisition provides a compelling growth narrative,and the technical setup indicates further potential. Investors should closely monitor the $152 support level, anticipating the uptrend to continue into July. Any weakness in the stock price could present a buying opportunity.