QRVO Technical Analysis - QORVO INC

Technical Rating and Analysis

Taking everything into account, QRVO scores 2 out of 10 in our technical rating. In the last year, QRVO was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.

When comparing the yearly performance of all stocks, QRVO is a bad performer in the overall market: 77% of all stocks are doing better.

QRVO is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, of which 71% are performing better than QRVO.

In the last month QRVO has a been trading in the 85.69 - 94.13 range, which is quite wide. It is currently trading near the lows of this range.

QRVO has an average volume of 1742700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

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.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, QRVO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 86.81, a Stop Loss order could be placed below this zone.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

85.55

93.88

When analyzing the support we notice one important area.

A support zone ranging from 86.41 to 86.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 88.55 to 90.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 92.95 to 92.95. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The long term trend for QRVO is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for QRVO is down.
ChartMill Relative Strength	23.62	NEGATIVE	QRVO has a low relative strength, it was outperformed by 76.38% off all stocks 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	POSITIVE	The current price of QRVO is above the rising SMA(200).
Relative Strength Index/RSI (14)	41.12	NEUTRAL	The RSI value for QRVO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.78	NEGATIVE	The MACD value suggests QRVO has a negative trend.
Stochastics (14,3)	12.17	OVERSOLD	The low Stochastics value suggests QRVO may be oversold.
Average True Range in percent/ATR (20)	2.75	MEDIUM VOLATILITY	The ATR as a percentage value for QRVO suggests some volalility.
Average Directional Index/ADX (14)	21.07	NEUTRAL	The ADX value for QRVO suggests a possible start of a new trend.