Qualcomm shares rise on Amazon deal

The news of the agreement with Qualcomm may be perceived as a positive development for Amazon, but its direct financial impact could be limited. Technical indicators present a mixed picture: the RSI is neutral at 45, and the MACD is negative but approaching its signal line. The price sits slightly below the 20-day and 50-day moving averages, suggesting potential resistance in the near term. News flow and market sentiment could offset the current weak momentum. Therefore, a limited upside may be expected in the short term, but more catalysts are needed for a strong trend to develop.

Qualcomm shares have recorded a strong rise following the news of the Amazon deal. Technical indicators also support this positive development; the RSI at 68 is approaching the overbought zone but has not yet signaled overbought conditions. The MACD line is above the signal line and in positive territory, indicating upward short-term momentum. The price is trading above the 20- and 50-day moving averages, and if it sustains above these averages, the uptrend could continue. However, after the 5% increase in the last 24 hours, caution is advised as profit-taking may occur in the short term; nevertheless, given the positive news flow, an upward outlook is maintained.