QORVO INC (QRVO) Stock Technical Analysis
NASDAQ:QRVO • US74736K1016
Taking everything into account, QRVO scores 3 out of 10 in our technical rating. 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.
- QRVO is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 66% of 113 stocks in the same industry do better.
- In the last month QRVO has a been trading in the 75.71 - 86.15 range, which is quite wide. It is currently trading near the high of this range.
- QRVO has an average volume of 1243670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When compared to the yearly performance of all other stocks, QRVO outperforms 54% of them, which is more or less in line with the market.
- 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.
Although the technical rating is bad, QRVO does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 84.11, a Stop Loss order could be placed below this zone.
More info and screens
76.41
When analyzing the support we can see 2 important areas.
- A support zone ranging from 81.44 to 84.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 77.18 to 78.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @85.82 from a horizontal line in the daily time frame.
- A resistance zone ranging from 88.77 to 90.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @94.92 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for QRVO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QRVO is neutral. |
| ChartMill Relative Strength | 54.62 | 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) | DOWN | MIXED | The current price of QRVO is above 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) | 54.98 | NEUTRAL | The RSI value for QRVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.67 | POSITIVE | The MACD value suggests QRVO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.11 | OVERBOUGHT | The high Stochastics value suggests QRVO may be overbought. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for QRVO suggests some volalility. |
| Average Directional Index/ADX (14) | 16.24 | NEGATIVE | The low ADX value for QRVO suggests a weak or negative trend. |
84.44
+1.54 (+1.86%)
QORVO INC / QRVO FAQ
Can you provide the ChartMill technical rating for QORVO INC?
ChartMill assigns a technical rating of 3 / 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 54.9814. 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 0.67454, indicating a bearish trend.
What is the support and resistance level for QRVO stock?
QORVO INC (QRVO) has a support level at 84.11 and a resistance level at 85.82. Check the full technical report for our detailed analysis of QRVO support and resistance levels.