Qualcomm stock slides 2.55% as AI compute push and BMW partnership fail to halt selloff

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Qualcomm slides 2.55% today

Highlights

QCOM trades firmly below all major moving averages, reflecting persistent bearish momentum across all timeframes.
Momentum indicators, including MACD, RSI, and Stoch RSI, show prolonged selling exhaustion with continued downside pressure.
QCOM is expected to move within a $140.00–$155.00 range this week, with an elevated risk of further declines barring a reversal above $155.00.

The company also expanded its collaboration with BMW Group to help power the next generation of technology. Details are being clarified.

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Bearish positioning as price remains below key averages and resistance lines

QCOM is trading well below the MA-20 ($174.58), MA-50 ($199.38), and MA-200 ($169.07), indicating persistent bearish pressure across short-, medium-, and long-term trends. The Ichimoku Kijun on D1 is at $183.16, which acts as immediate resistance above the current price. Near-term support is clustered near the MA-200 at $169.07, with key support at the lower MA-100 at $174.89. Resistance is first seen at the Ichimoku Kijun ($183.16) and then at the MA-50 ($199.38).

Downside exhaustion as momentum signals confirm persistent seller dominance

Momentum readings on D1 show sellers are in control, with MACD in sell territory and ADX signaling a weak trend. RSI and Stoch RSI are both in oversold zones, while CCI is deeply oversold, confirming significant downside exhaustion. BBP also points to clear seller dominance in the intraday picture. The Awesome Oscillator supports the prevailing bearishness. QCOM has fallen $19.01 (11.40%) over the past week, now trading at $147.74, down from $166.75 a week ago. The price sits at the very bottom of the weekly range, and weekly volatility stands at 17.25%. This reflects a steady decline from the highs with persistent pressure throughout the week. In today's session, QCOM continues to slip, down 2.55%, reinforcing the intense sell momentum.

Further decline risk as broad weekly signals skew bearishly

Looking to the week ahead, the realistic price range is adjusted to $140.00–$155.00, keeping within ±5% of the current level for this blue-chip name. This sits above the 52-week low of $121.99 and far below the year’s $258.00 high. The probability of further downside is very high (more than 80%), given that three out of four major W1 signals (MA-50-w1, RSI-w1, ADX-w1) point bearish, with only MACD-w1 bullish. The baseline scenario is continued sideways movement near current lows as the market digests recent selling. A bullish scenario would require a recovery above $155.00 with strong buying to test $169.00 resistance, but this appears unlikely in the short term. If support fails and broad selling persists, QCOM could retest $140.00 or slightly lower, approaching but not breaching the annual low.

Previously it was reported that Qualcomm continued to face sustained downside momentum and analyst caution due to persistent weakness in its core handset segment despite growth initiatives. In light of recent developments, investors should closely monitor for any sustained shift in sentiment or volume, as a break above established resistance could indicate a potential change in trend dynamics.

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