Qualcomm stock price forecast: Technical resistance looms as QCOM climbs 3.36% after earnings

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Qualcomm jumps 3.36% today to $145

Highlights

Qualcomm reported Q1 2026 revenue of $12.3 billion and adjusted EPS of $3.50, both exceeding analyst estimates.
The company declared a cash dividend of $0.89 per share, payable March 26 to shareholders of record on March 5.
Technically, Qualcomm is trading at $145.08, facing immediate resistance at $149.62 and showing a bearish setup with weak momentum indicators.

Positive earnings and dividend drive upbeat investor sentiment

On February 4, Qualcomm reported its Q1 2026 earnings with revenue rising to $12.3 billion and adjusted earnings per share of $3.50, both exceeding estimates. The company will pay a cash dividend of $0.89 per share on March 26, with a March 5 record date. These corporate results and the upcoming dividend have shaped recent sentiment around the stock.

Bearish momentum persists as overbought signals challenge rally

Momentum remains weak: the MACD and ADX both point to a continued bearish setup on the daily chart. The RSI is subdued at 35.68, while the Stochastic RSI and Bull/Bear Power both suggest overbought conditions driven mostly by vigorous buying pressure today. Intraday, the session opened with a noticeable gap up from the previous close, and the stock is now trading near the upper end of its daily range with moderate to high volatility. The sharp upward move after the open signals strength toward the daily highs, yet there are notable divergences as short-term oscillators flash overbought even as key trend indicators remain bearish.

Bearish bias dominates as consolidation expected within range

For the next five trading days, Qualcomm is expected to fluctuate between roughly $141 and $148, with this band adjusted for typical blue-chip volatility around the current price. The probability of a price increase is very low (less than 20%), making the likelihood of further declines much higher. The baseline scenario envisions consolidation within the stated range near recent levels. A bullish scenario would require the price to break decisively above the $149 – $150 resistance marked by the Ichimoku Kijun, unlocking further upside; a failure to hold support near $141 could trigger a more pronounced bearish continuation.

Anton Kharitonov, analyst at Traders Union, sees Qualcomm stuck under clear medium- and long-term pressure despite a strong earnings release and upcoming dividend. He notes that while intraday sentiment has improved, technical momentum remains weak and short-term oscillators signal caution. The base case is sideways movement within the $141–$148 range unless $149–$150 resistance is broken. "Until Qualcomm reclaims the $150 level, I remain defensive and do not trust any bounce — this is still a seller’s market."

Last time, analysts noted that Qualcomm is trading below key moving averages, with persistent bearish pressure across short-, medium-, and long-term trends, and moderate intraday volatility as prices remain near session lows. Technical momentum indicators, including a negative MACD, high ADX, and RSI near oversold territory, confirm ongoing downside risk, with resistance defined around the Ichimoku Kijun and no significant support indicated above current levels.

Source of Data: QCOM Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.