QORVO INC (QRVO) Stock Technical Analysis
NASDAQ:QRVO - Nasdaq - US74736K1016 - Common Stock - Currency: USD
Overall QRVO gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, QRVO is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month QRVO has a been trading in the 77.52 - 89.58 range, which is quite wide. It is currently trading near the high of this range.
QRVO has an average volume of 1997970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, QRVO outperforms 64% of them, which is more or less in line with the market.
QRVO is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 50% of 110 stocks in the same industry.
QRVO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so QRVO is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although QRVO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
70.55
89.67
We found 2 important support areas.
- Support @79.42 from a horizontal line in the daily time frame.
- Support @71.26 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for QRVO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QRVO is up. |
| ChartMill Relative Strength | 64.17 | NEUTRAL | QRVO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QRVO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QRVO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of QRVO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 76.35 | OVERBOUGHT | The high RSI value suggests QRVO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests QRVO has a positive trend. |
| Stochastics (14,3) | 92.46 | OVERBOUGHT | The high Stochastics value suggests QRVO may be overbought. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for QRVO suggests some volalility. |
| Average Directional Index/ADX (14) | 27.04 | POSITIVE | The high ADX value value for QRVO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
88.78
+0.5 (+0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0.57%
1 Week6.98%
2 Weeks10.56%
1 Month12.05%
3 Month57.55%
6 Month25.7%
12 Month-25.24%
2 Year-19.31%
3 Year-14.69%
5 Year-30.72%
10 Year53.2%
15 YearN/A
Volatility
ATR(14)2.09
ATR(20)%2.43%
ATR Inc20.89%
Range Today1.8
ADR(20)1.99
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.17
Mansfield-0.33
10 Day High89.58
10 Day Low78.32
20 Day High89.58
20 Day Low77.52
52 Week High130.99
52 Week Low49.46
CS1 End74.66
CR1 Start83.86
Volume & EV
DER(3)-1.2%
DER(5)-1.09%
Volume1.36M
Volume Incr-1.8%
Vol(5)1.85M
Vol(50)2.00M