BMW selects Qualcomm for decade-long chip supply as Qualcomm stock remains under pressure

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Qualcomm slides 1.64% today

Highlights

QCOM trades well below major moving averages, confirming a sustained bearish trend across short, medium, and long timeframes.
Technical indicators show heavy negative momentum with oversold conditions, weak trend strength, and seller dominance throughout the week.
Expected price range for QCOM next week is $153.00 to $167.00, with downside risks if support fails and rebound potential only above $167.00.

The Snapdragon Digital Chassis portfolio will be brought to BMW model programs through the next decade. Details are available on Qualcomm's website.

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Persistent bearish pressure as price holds below key averages and resistance

QCOM is trading sharply below its major moving averages, with the current price at $160.16 sitting well under the MA-20 ($177.56), MA-50 ($201.31), and MA-200 ($169.13), signaling sustained short-, medium-, and long-term bearish pressure. The Ichimoku Kijun on D1 is at $197.83, marking immediate resistance above the current price. Near-term support is found at MA-200 ($169.13), with key support at MA-100 ($174.54). Near-term resistance is seen at MA-20 ($177.56), while key resistance clusters around the Ichimoku Kijun ($197.83).

Selling momentum intensifies as multiple indicators confirm oversold weakness

Momentum remains negative, as illustrated by a bearish MACD on D1 and weak ADX (11.76), indicating a lack of trend strength. RSI (35.81), Stoch RSI, and CCI all highlight oversold conditions on D1, while BBP also signals heavy seller dominance intraday. Awesome Oscillator on D1 is neutral, offering no relief from downside bias. QCOM has fallen $6.59 (3.95%) since last week’s close at $166.75 and is now at the very bottom of its weekly range, with volatility for the week at 7.22%. In today’s session, the stock is experiencing additional pressure, slipping 1.64%. The overall weekly tone reflects a steady decline from recent highs and strong acceleration to the downside, confirming the bearish momentum seen in daily indicators.

Further downside likely as downside bias outweighs low probability upside

Looking ahead, the expected price range for the coming week is $153.00 to $167.00, normalized in line with QCOM’s recent volatility and anchored just above its 52-week low ($121.99) and well below its 52-week high ($258.00). Based on W1 indicators — with three out of four (MA-50, RSI, and ADX) signaling further downside and only MACD on W1 flashing a "Strong Buy" — the probability of a price increase is very low (less than 20%), making further declines more likely. The baseline scenario anticipates continued sideways movement between $153.00 and $167.00 if support holds. A bullish case would require a breakout above $167.00, targeting higher resistance near $177.00. A bearish scenario, should support fail, envisions further weakness toward $153.00, with risks for deeper downside if broad market sentiment remains negative.

Previously it was reported that Qualcomm was experiencing sustained bearish momentum, with analysts expecting further downside consolidation absent a significant technical recovery. The current analysis builds on this perspective by highlighting key technical thresholds for stabilization or renewed volatility, making it essential for investors to closely monitor Qualcomm’s ability to hold above long-term support as a signal for any potential shift in trend.

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