We assign a technical rating of 1 out of 10 to QRVO. QRVO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of QRVO is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
78.46
When analyzing the support we notice one important area.
- A support zone ranging from 79.25 to 81.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 84.95 to 87.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 89.96 to 90.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for QRVO is down. |
| ChartMill Relative Strength | 52.47 | NEUTRAL | QRVO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QRVO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QRVO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of QRVO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.01 | NEUTRAL | The RSI value for QRVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests QRVO has a negative trend. |
| Stochastics (14,3) | 24.22 | NEUTRAL | The Stochastics value for QRVO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.71 | MEDIUM VOLATILITY | The ATR as a percentage value for QRVO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.76 | NEGATIVE | The low ADX value for QRVO suggests a weak or negative trend. |
81.78
-1.1 (-1.33%)
QORVO INC / QRVO FAQ
Can you provide the ChartMill technical rating for QORVO INC?
ChartMill assigns a technical rating of 1 / 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 QRVO stock?
QORVO INC (QRVO) has an RSI value of 38.0116. This indicates that the stock is currently neutral.
What is the MACD signal for QORVO INC (QRVO) stock?
The MACD indicator for QORVO INC (QRVO) has a value of -0.423077, indicating a bearish trend.
What is the support and resistance level for QRVO stock?
QORVO INC (QRVO) has a support level at 81.69 and a resistance level at 84.95. Check the full technical report for our detailed analysis of QRVO support and resistance levels.