Qualcomm stock outlook: Bullish momentum intact while price stays above support

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Qualcomm jumps 3.28% to $178.28 today

Highlights

A Delaware federal jury confirmed Qualcomm's continuing rights under its disputed Arm Holdings license, reducing legal risk to its intellectual property use.
The jury found Arm interfered with Qualcomm's dealings with Meta Platforms, removing uncertainty for future product supply and business partnerships.
Shares of Qualcomm rose 3.28% to $178.28, with mixed momentum signals but a bullish structure and an expected range of $173.92 to $182.64 for the next 2 to 3 trading days.

Legal victory eases supply risks and fuels investor demand

Qualcomm has secured a favorable legal outcome with a Delaware federal jury ruling on October 13 that Arm Holdings breached a core architectural licensing agreement and interfered with Qualcomm's dealings with Meta Platforms, according to Yahoo Finance. The verdict affirms Qualcomm's ongoing rights under the disputed license, minimizing legal risk around its intellectual property use and reinforcing its position in mobile and datacenter markets. By removing a key source of uncertainty over future product supply and business partnerships, this result has lifted market sentiment and helped drive investor interest in Qualcomm stock.

Mixed momentum as technical overbought signals persist

Technically, QCOM is trading above its MA-20 at $174.74, MA-50 at $175.74, and MA-200 at $169.34. The Ichimoku Kijun at $175.9 serves as immediate support. On the indicator front, RSI stands at 53.95 while ADX and CCI both indicate buy signals. MACD, however, has flipped to a sell reading, and Stochastic RSI, as well as Awesome Oscillator, are neutral. Bull/Bear Power signals overbought conditions with notable buyer pressure, underscoring active demand despite mixed momentum signs.

Sideways action likely unless resistance or support breaks

Looking ahead over the next 2–3 trading days, QCOM is expected to oscillate within a typical volatility band between $173.92 and $182.64. The probability of an upward move is estimated at 62%, against a 38% chance of a temporary pullback. Unless either support or resistance is broken, the baseline scenario suggests continued sideways movement. A sustained breakout above resistance would confirm further bullish momentum, whereas a move below key support could open the way for a deeper retracement.

Anton Kharitonov, expert at Traders Union, sees Qualcomm’s legal victory as a clear positive development that reduces headline risk for investors. However, he believes technical signals are mixed despite short-term demand, with only select indicators pointing to further upside. Analyst remains cautious as overbought readings and neutral momentum suggest limited follow-through unless resistance is cleared decisively. "Until $182.64 is broken on strong volume, I prefer a defensive stance and will wait for additional confirmation before turning bullish."

Previously, analysts noted that Qualcomm’s outlook was shaped by lingering legal uncertainties and technical pressures, with downside risks predominating in the near term. The latest legal resolution reduces a key source of risk and, combined with upward price momentum across multiple timeframes, puts the focus on whether QCOM can sustain its position above immediate support at $175.90 as the next indicator for trend continuation or reversal.

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.