Qualcomm stock price forecast: $200.00 support in focus as QCOM sinks 10.28%

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Qualcomm slides 10.28% to $213.08 today

Highlights

Qualcomm secured a custom silicon agreement with a major hyperscaler, marking a significant expansion into the data center processor market.
Fiscal Q2 results surpassed estimates with adjusted EPS of $2.65 and revenue of $10.6 billion, supporting a $20 billion buyback and raised dividend.
Despite prior bullish momentum signals, QCOM faces pronounced selling pressure and high volatility with an expected price range of $200.00 to $225.00 in the near term.

Record buybacks and data center push as selling persists

Qualcomm reported a custom silicon agreement with a major hyperscaler, marking a concrete step into the data center processor market and laying groundwork for a new long-term revenue channel. The company delivered adjusted earnings per share of $2.65 on revenue of $10.6 billion for its fiscal second quarter, exceeding prior expectations and confirming robust demand during the period. Additional measures included authorizing a $20 billion share buyback, raising its quarterly dividend, and announcing that the automotive segment reached a record $1.33 billion in revenue in Q2 fiscal 2026, though price action has remained under broader selling pressure.

Overbought exhaustion risk as strong momentum meets heavy selling

QCOM recently gapped down from $237.50 to $226.32 at the open and is now trading near its session low ($214.90), reflecting elevated volatility and strong intraday selling. The asset remains above MA-20 ($162.59), MA-50 ($143.67), and MA-200 ($158.06), while Ichimoku Kijun (D1) sits at $183.03, representing immediate technical support. Technical indicators reveal momentum signals remain strong, as evidenced by MACD and ADX in persistent buy configuration. However, oscillators such as RSI at 88.35, Stoch RSI at 100.00, CCI at 191.95, and BBP all highlight extreme overbought conditions, pointing to potential exhaustion. The Awesome Oscillator continues to confirm upward bias, but the stark divergence between momentum and oscillator signals—coupled with today's pronounced selling—suggests a heightened risk of short-term correction.

Range-bound trading likely amid consolidation after reversal

Over the next five trading days, QCOM is expected to trade within a typical volatility band ranging from $200.00 to $225.00. The most probable scenario is for the price to remain consolidative between immediate support and the $225.00 resistance barrier. Should the price stage a decisive rebound above the $225.00 mark, a further upward leg could unfold. Conversely, a drop below $200.00 would likely accelerate profit-taking after recent overbought signals and today’s reversal.

Viktoras Karapetjanc, expert at Traders Union, notes Qualcomm’s advances in both results and strategic partnerships. He believes the firm’s new data center deal and record-setting automotive performance illustrate strong momentum and clear management confidence. Despite today’s sharp sell-off, Karapetjanc sees the broad fundamental picture as supportive of a consolidative phase rather than a prolonged decline. Short-term volatility is likely as overbought signals unwind, but structural demand drivers remain intact. "I view the current weakness as a potential buying opportunity if $200.00 support holds, given Qualcomm’s diversified growth and capital return policies."

Previously it was reported that Qualcomm exhibited strong bullish momentum and robust investor confidence driven by operational advances and shareholder-focused actions. Following today's sharp decline amid ongoing volatility, traders should be alert to a potential short-term correction if QCOM fails to hold above its key technical supports.

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.