Qualcomm Inc. sits within the Electronics and Semiconductors sector, which currently ranks 4 out of 31 sectors in the SIA Sector Report and remains in the favoured green zone. Even so, Qualcomm’s own relative positioning has softened within its index universe.
The stock carries an SIA SMAX Score of 0 out of 10, indicating minimal alignment across SIA technical and relative strength measures. Within the SIA NASDAQ 100 Index Report, Qualcomm is currently positioned at 90 out of 100. Relative movement has weakened over recent periods, with the stock moving down 9 spots over the past month and 44 spots over the past quarter. The SIA Matrix Position Overlay Tool illustrates that QCOM’s relative strength readings moved into the red unfavoured zone in early 2026.
Looking at the technical structure, 3-box reversal support is identified at $132.82, followed by additional support at the April 2025 low of $120.30. A deeper level of support is identified near the 2023–2024 zone lows at $98.69 should downside pressure continue. On the upside, initial near-term resistance is identified at $146.65, with further resistance levels at $175.25 and the 2025 high at $185.98. The most recent point and figure signal is a Spread Double Bottom, which may suggest continued downside pressure if current conditions persist.
Performance metrics show monthly, quarterly, and yearly returns of -0.59%, -21.89%, and -11.02%, respectively. Over the same time frames, the NASDAQ Composite Index recorded -2.79%, -5.05%, and 23.90%, indicating relative underperformance across the intermediate and longer-term periods.
Qualcomm Inc. develops semiconductors and wireless technologies used in smartphones, computers, vehicles, and other connected devices. The company generates revenue through both the sale of chipsets and the licensing of its wireless communications patent portfolio worldwide.
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