Qualcomm's Second-Quarter Earnings Shadowed by Smartphone Market Decline
📊 QCOM — Piyasa Yorumu
▼ down · 60%Qualcomm's second-quarter earnings have been negatively impacted by the downturn in the smartphone market, indicating weakness in the company's primary revenue source. On the technical side, the RSI is near 70, in overbought territory, increasing the likelihood of a short-term correction. Although the MACD is positive, the sharp price rise over the last 24 hours and the price trading above the SMAs may offset the negative impact of the news. However, the news of the smartphone market decline could prompt investors to take profits. Therefore, a slight decline is expected in the short term.
📊 AAPL — Piyasa Yorumu
■ neutral · 60%Qualcomm's second-quarter earnings have been negatively impacted by the downturn in the smartphone market, which could pose an indirect risk to Apple's supply chain and demand outlook. However, technical indicators suggest that AAPL is in a strong short-term uptrend: the RSI at 66.7 is not approaching overbought territory, the MACD is positive and above its signal line, and the price is trading above both the 20-day and 50-day moving averages. The 3.86% gain over the past 24 hours also signals positive momentum. As the negative impact of the news may be offset by the technical outlook, the short-term direction remains uncertain.