Stock of the day: Qualcomm
15 January 2026
And now let’s move to today’s stock of the day, which is Qualcomm. Qualcomm started this year on a relatively weak footing, and that negative tone has clearly intensified over the past few sessions, with price accelerating to the downside.
From a technical perspective, the situation has deteriorated meaningfully. Price has broken below a key support level, marked by the green trendline connecting a sequence of higher lows in place since March. This trendline had been acting as an important technical floor, supporting the corrective structure, and its failure is a clear bearish signal.
The negative picture is further reinforced by the behavior at resistance. Qualcomm was unable to break above the blue horizontal resistance level that had been capping price action since November. The rejection from this area confirms that sellers remain in control at higher levels. The combination of a failed resistance test and a decisive breakdown below trend support creates a strong technical confluence in favor of further downside.