Modular deal closes as Qualcomm stock drops to $162.83 amid continued bearish momentum

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Qualcomm slides 4.24% today

Highlights

QCOM trades well below major moving averages with sustained bearish momentum, reflecting a strong sell bias across all timeframes.
Technical momentum indicators signal oversold conditions and weak trend strength, with sellers dominating recent sessions and volatility elevated.
For the coming week, QCOM is expected to remain in a $155.00 to $170.00 range, with further downside favored if support at $155.00 breaks.

Qualcomm stated that the combination of its silicon leadership with Modular's AI software expertise will expand possibilities for developers and ecosystem partners. Further information is available on Qualcomm's website.

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Persistent bearish pressure as price holds below major moving averages

QCOM is trading well below its main daily moving averages, with the current price of $162.83 sitting under the MA-20 ($177.56), MA-50 ($201.31), and MA-200 ($169.13), reflecting persistent bearish pressure across short-, medium-, and long-term trends. The Ichimoku Kijun on D1 is at $197.83, marking immediate resistance, while near-term support lies at MA-200 ($169.13) and key support is at MA-100 ($174.54); resistance clusters are found at the MA-20 ($177.56) and the Ichimoku Kijun ($197.83).

Oversold momentum and weak trend drive continued downside in weekly range

Momentum signals on D1 remain negative, with MACD showing a continuing sell bias and the ADX indicating weak trend strength. RSI, Stoch RSI, and CCI all point to oversold conditions, signaling the stock is experiencing pronounced downward momentum. BBP is deep in negative territory, confirming a day dominated by sellers, while the Awesome Oscillator is neutral and does not counteract the downward trend. QCOM has fallen $3.92 (2.35%) from last week’s close of $166.75 to the current $162.83, putting it at the very bottom of the weekly range and reflecting a steady decline from recent highs. Weekly volatility stands at 10.12%. In today's session, the stock is down 4.24%, accentuating the strong selling pressure seen through the week.

Sideways bias as bearish signals outweigh scant recovery prospects

For the coming week, the forecast range is adjusted to $155.00 to $170.00, based on recent price action and weekly volatility, placing current levels nearer to 2026's 52-week low of $121.99 and well below the high at $258.00. The probability of a price increase is very low (less than 20%), as only the MA-200 on W1 signals "Buy"; all other weekly indicators reflect bearish or neutral outlooks, making a decline more likely. The baseline scenario expects sideways movement between support at $155.00 and resistance at $170.00. A bullish scenario would require a sustained breakout above $170.00, targeting $177.50. In a bearish scenario, a break below $155.00 could trigger further declines toward late Q2 lows, potentially accelerating the downward move.

Previously it was reported that Qualcomm was facing ongoing bearish momentum, with analysts expecting further downside risk unless a significant technical recovery occurred. The current analysis signals a shift in market dynamics, making it essential for investors to monitor any emerging reversal signals or changes in volatility that could set the tone for the next trend.

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