QUALCOMM Incorporated (QCOM)

QUALCOMM closed at $164.79, down about 3.6% over the past three months and about 1.8% over the past several weeks on the daily chart. Both timeframes point the same way, which is down, but the stock is still well inside a wide range, so the picture is more mixed than the headline numbers suggest.

The long-term picture

On the weekly chart, the bigger picture is a stock that has swung hard. The highest close in the window was $251.02, and the lowest was $126.80. Price has come down a long way from that peak, about 34% below it, but it is also roughly 30% above the low.

The swing points tell the story more clearly. An intraday high of $196.09 in early July was followed by a low of $142.89 in early August. Then the stock rallied to an intraday high of $205.85 in late September, which is the most recent peak on this chart. From there it has pulled back.

Right now price sits about 7% above a support level near $152.99 and about 12% below resistance near $183.94. Those two levels frame the weekly range: a floor that has held recently, and a ceiling that price has not been able to clear.

The short-term picture

The daily chart shows the same downward lean, but over a shorter stretch. Price has slipped from a high of $201.97 down to a low of $158.53, and the latest close of $164.79 sits near the bottom of that band, about 14% of the way up from the low.

Recent swings on this chart are a low of $170.51 in mid-September, a peak of $205.85 in late September, a low of $168.84 in mid-October, and a high of $185.59 at the end of October. The most recent high is lower than the late-September peak, and price is now below the low of mid-October, which is the kind of lower-high, lower-low pattern that usually signals a downtrend.

The nearest levels are support near $156.47, about 5% below the current price, and resistance near $188.95, about 15% above it. Because the daily picture and the weekly picture agree, the short-term move is not pulling against the longer trend.

What's driving it

QUALCOMM reported earnings on July 29, 2026, and missed expectations by about 0.74%. The miss is marked on both charts. Following that report, the stock moved through a sharp rally and then a pullback, so the earnings date sits in the middle of the recent swings rather than at the start of a new move.

The most recent headlines are mostly about the wider market. A broad tech sell-off, with the Nasdaq falling more than 3% and chip stocks sinking, is the clearest outside pressure on the stock. One headline also mentions a labour union warning strike at a Qualcomm subsidiary in Munich. No headline in the set ties that strike to a measurable change in the company's results, so it is worth noting as background rather than a direct driver of price.

What would change this

The current read is a downtrend. The weekly picture would start to look different if price closed back above the resistance near $184, and especially if it climbed past the late-September high near $206. Holding above that level would break the pattern of lower highs.

On the downside, a close below the weekly support near $153 would be the more worrying signal, since it would take price below the floor that has held through recent swings. On the daily chart, a move back above $189 would be the first sign that short-term momentum is turning up.

Key takeaways

• QCOM closed at $164.79, down about 3.6% over three months, and both the weekly and daily charts point down.
• The most recent swing high on the daily chart, near $186, sits below the late-September peak near $206, a lower-high pattern.
• Support sits near $153 on the weekly chart and resistance near $184, and price is currently between them.
• QUALCOMM missed earnings expectations by about 0.74% on July 29, 2026, and the broader tech sell-off is the strongest outside pressure in recent headlines.