Qualcomm Shares Decline: Rising Costs and Apple-Related Weakness Overshadow Profit Forecast

The headline highlights Apple's adverse effect on Qualcomm, which could indirectly pose a risk for Apple shares. Technically, the RSI is at 40.45, indicating a weak zone, and the price is trading below the 20-day moving average (338.53). The MACD line remains below the signal line, suggesting negative short-term momentum. However, the price is hovering near the 50-day moving average (331.91), which could act as support. While the short-term downtrend may persist, the decline is likely to be limited as the stock has not entered oversold territory.

The news headline points to rising costs and Apple-related weakness negatively impacting Qualcomm's profit forecast. Technical indicators support this view: although the RSI is in oversold territory at 21.6, the MACD is below the signal line and in negative territory. The price is trading well below both the 20-day (162.27) and 50-day (167.77) moving averages. The 10% decline over the past 24 hours indicates continued selling pressure. In the short term, the downtrend is expected to persist, though some corrective buying is possible due to oversold conditions.

Although GOOGL shares rose over 4% in the last close, the RSI at 49.6 remains in neutral territory, and the price is trading near its 20- and 50-day moving averages. The MACD is positive but close to the signal line, which may indicate weakening momentum. While the news headline focuses on Qualcomm, no direct impact is expected for GOOGL. In the short term, the price is likely to consolidate at current levels or experience a slight correction.