QORVO INC (QRVO) Stock Technical Analysis
USA - NASDAQ:QRVO - US74736K1016 - Common Stock
Overall QRVO gets a technical rating of 10 out of 10. Both in the recent history as in the last year, QRVO has proven to be a steady performer, scoring decent points in every aspect analyzed.
QRVO has an excellent technical rating, but the quality of the setup is only medium 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
82.41
3 important support areas can be observed.
- A support zone ranging from 89.95 to 91.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 86.35 to 86.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 83.24 to 83.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @95.49 from a horizontal line in the weekly time frame.
- Resistance @97.42 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 | 81.36 | POSITIVE | QRVO has a high relative strength, it outperformed 81.36% 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) | UP | POSITIVE | The current price of QRVO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.73 | NEUTRAL | The RSI value for QRVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.55 | POSITIVE | The MACD value suggests QRVO has a positive trend. |
| Stochastics (14,3) | 65.25 | NEUTRAL | The Stochastics value for QRVO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.36 | MEDIUM VOLATILITY | The ATR as a percentage value for QRVO suggests some volalility. |
| Average Directional Index/ADX (14) | 17.26 | NEGATIVE | The low ADX value for QRVO suggests a weak or negative trend. |
95.48
-1.94 (-1.99%)
QORVO INC / QRVO FAQ
Can you provide the ChartMill technical rating for QORVO INC?
ChartMill assigns a technical rating of 10 / 10 to QRVO.
What is the trend direction for QRVO stock?
The current trend direction for QORVO INC (QRVO) is Bullish.
What is the RSI signal for QRVO stock?
QORVO INC (QRVO) has an RSI value of 57.7277. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for QORVO INC?
The buy/sell signal for QORVO INC (QRVO) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for QORVO INC (QRVO) stock?
QORVO INC (QRVO) has a support level at 91.32 and a resistance level at 95.49. Check the full technical report for our detailed analysis of QRVO support and resistance levels.