QORVO INC (QRVO) Technical Analysis
NASDAQ:QRVO • US74736K1016
Current stock price
87.8 USD
+3.15 (+3.72%)
At close:
87.8 USD
0 (0%)
After Hours:
QRVO Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to QRVO. In the last year, QRVO was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- QRVO is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 73% of 115 stocks in the same industry do better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- Looking at the yearly performance, QRVO did better than 78% of all other stocks.
- In the last month QRVO has a been trading in the 75.44 - 87.98 range, which is quite wide. It is currently trading near the high of this range.
- QRVO has an average volume of 1184240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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.
QRVO Weekly and Daily overview Charts
QRVO Setup Rating and Analysis
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
QRVO Support and Resistance Analysis
75.26
95.87
When analyzing the support we can see 3 important areas.
- A support zone ranging from 80.49 to 82.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @79.04 from a trend line in the weekly time frame.
- A support zone ranging from 76.02 to 77.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @90.66 from a horizontal line in the daily time frame.
- Resistance @94.92 from a horizontal line in the weekly time frame.
QRVO Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for QRVO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QRVO is up. |
| ChartMill Relative Strength | 78.48 | POSITIVE | QRVO has a high relative strength, it outperformed 78.48% off all stocks 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) | 75.82 | OVERBOUGHT | The high RSI value suggests QRVO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.82 | POSITIVE | The MACD value suggests QRVO has a positive trend. |
| Stochastics (14,3) | 92.24 | OVERBOUGHT | The high Stochastics value suggests QRVO may be overbought. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for QRVO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.46 | NEGATIVE | The low ADX value for QRVO suggests a weak or negative trend. |
QRVO Chart- and CandleStick Pattern Analysis
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)
QRVO Technicals: Chart, Performance Metrics, Trend & Indicators
87.8
+3.15 (+3.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg3.72%
1 Week7.2%
2 Weeks10.01%
1 Month8.92%
3 Month8.52%
6 Month-3.21%
12 Month37.66%
2 Year-24.85%
3 Year-4.65%
5 Year-53.34%
10 Year94.98%
15 YearN/A
Volatility
ATR(14)1.95
ATR(20)%2.37%
ATR Inc39.22%
Range Today2.48
ADR(20)1.88
ADR(20)%2.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.48
3 months CRS82.45
6 months CRS36
Mansfield-0.47
10 Day High87.98
10 Day Low78.7
20 Day High87.98
20 Day Low75.44
52 Week High106.3
52 Week Low62.34
CS1 End82.83
CR1 Start90.66
Volume & EV
DER(3)0.51%
DER(5)1.06%
Volume1.50M
Volume Incr-29.46%
Vol(5)853.36K
Vol(50)1.18M
QORVO INC / QRVO TA FAQ
Can you provide the ChartMill technical rating for QORVO INC?
ChartMill assigns a technical rating of 8 / 10 to QRVO.
Can you provide the trend direction for QORVO INC?
The current trend direction for QORVO INC (QRVO) is Bearish.
What is the RSI signal for QORVO INC (QRVO) stock?
QORVO INC (QRVO) has an RSI value of 75.8152. This indicates that the stock is currently overbought.
Can you provide the support and resistance levels for QORVO INC?
QORVO INC (QRVO) has a support level at 82.83 and a resistance level at 90.66. Check the full technical report for our detailed analysis of QRVO support and resistance levels.