Qualcomm Incorporated (QCOM)
Qualcomm is an American multinational corporation headquartered in San Diego, California, and incorporated in Delaware. It creates semiconductors, software, and services related to wireless technology. It owns patents critical to the 5G, 4G, CDMA2000, TD-SCDMA and WCDMA mobile communications standards.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 35.23% per annum.
- QCOM price at the close of March 28, 2025 was $152.72 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 5.76% per annum.
- QCOM price at the close of March 28, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of QCOM price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: May 13, 2024
End date: January 14, 2025
a = 7.0907
b = -0.0012
s = 0.0564
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0012) – 1
= -35.23%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0564) – 1
= 25.31%
May 13, 2024 calculations
Top border of price channel:
Exp(Y1,037)
= Exp(a + b × X1,037 + 2 × s)
= Exp(a + b × 1,505 + 2 × s)
= Exp(7.0907 + -0.0012 × 1,505 + 2 × 0.0564)
= Exp(5.4124)
= $224.17
Bottom border of price channel:
Exp(Y1,037)
= Exp(a + b × X1,037 – 2 × s)
= Exp(a + b × 1,505 – 2 × s)
= Exp(7.0907 + -0.0012 × 1,505 – 2 × 0.0564)
= Exp(5.1868)
= $178.89
January 14, 2025 calculations
Top border of price channel:
Exp(Y1,205)
= Exp(a + b × X1,205 + 2 × s)
= Exp(a + b × 1,751 + 2 × s)
= Exp(7.0907 + -0.0012 × 1,751 + 2 × 0.0564)
= Exp(5.1196)
= $167.27
Bottom border of price channel:
Exp(Y1,205)
= Exp(a + b × X1,205 – 2 × s)
= Exp(a + b × 1,751 – 2 × s)
= Exp(7.0907 + -0.0012 × 1,751 – 2 × 0.0564)
= Exp(4.8940)
= $133.48
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 35.23% per annum.
- QCOM price at the close of March 28, 2025 was $152.72 and was inside the primary price channel.
Secondary Trend
Start date: July 30, 2024
End date: March 28, 2025
a = 5.3705
b = -0.0002
s = 0.0378
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -5.76%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0378) – 1
= 16.32%
July 30, 2024 calculations
Top border of price channel:
Exp(Y1,090)
= Exp(a + b × X1,090 + 2 × s)
= Exp(a + b × 1,583 + 2 × s)
= Exp(5.3705 + -0.0002 × 1,583 + 2 × 0.0378)
= Exp(5.1888)
= $179.26
Bottom border of price channel:
Exp(Y1,090)
= Exp(a + b × X1,090 – 2 × s)
= Exp(a + b × 1,583 – 2 × s)
= Exp(5.3705 + -0.0002 × 1,583 – 2 × 0.0378)
= Exp(5.0377)
= $154.11
March 28, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(5.3705 + -0.0002 × 1,824 + 2 × 0.0378)
= Exp(5.1497)
= $172.38
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(5.3705 + -0.0002 × 1,824 – 2 × 0.0378)
= Exp(4.9985)
= $148.19
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 5.76% per annum.
- QCOM price at the close of March 28, 2025 was inside the secondary price channel.