The Cycles Research screening methods have identified QUALCOMM as a strong short-term trade due to its high ranking in several screens across various markets. The stock has seen an increase in relative strength, with the weekly cycle hitting its low point and the monthly cycle already on the rise. Additionally, the annual or seasonal cycle is expected to hit its bottom by the end of the month, leading experts to predict that the stock price will rise to $215 and beyond in the short term.
The charts for QUALCOMM show positive indicators for potential gains in the near future. On the daily graph, the stock’s performance has been on an upward trend, signaling a favorable outlook for investors. The weekly price cycle also supports this analysis, indicating that the stock is set to experience a significant rise in value. With these promising factors in play, it is no surprise that QUALCOMM has been identified as a lucrative opportunity for short-term traders.
On the other hand, Mondelez has been flagged as a weak stock and a potential shorting candidate by Cycles Research. The company’s relative strength has hit new lows, making a recovery unlikely in the near future. Additionally, historical data shows that June has been a bearish month for holding the stock, with only 11 days since 2001 showing a positive expected return. With the monthly cycle on a downward trajectory and the weekly cycle peaking on the 7th, experts recommend a downside target of around $65 for Mondelez shares.
The daily graph for Mondelez confirms the stock’s weakness, with a steady decline in performance over the past few months. This downward trend is further supported by the monthly cycle chart, which indicates a clear decline in value for the stock. Given these factors, Mondelez is considered a risky investment and a potential shorting opportunity for traders looking to capitalize on the stock’s poor performance in the market.
Overall, the Cycles Research screening methods have highlighted QUALCOMM as a promising opportunity for short-term traders, with a positive outlook for the stock’s performance in the near future. On the other hand, Mondelez has been identified as a weak stock and a potential shorting candidate due to its low relative strength and bearish historical trends. Investors and traders are advised to carefully consider these findings and conduct their own analysis before making any investment decisions based on this information.
