QORVO INC (QRVO) Technical Analysis
NASDAQ:QRVO • US74736K1016
Current stock price
QRVO Technical Rating and Analysis
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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- QRVO is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 71% of 115 stocks in the same industry do better.
- QRVO has an average volume of 1416950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, QRVO outperforms 49% 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 trading in the upper part of its 52 week range, so QRVO is lagging the market slightly.
- In the last month QRVO has a been trading in the 74.92 - 84.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
QRVO Weekly and Daily overview Charts
QRVO Setup Rating and Analysis
QRVO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 79.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 78.10, a Stop Loss order could be placed below this zone.
More info and screens
QRVO Support and Resistance Analysis
76.36
We found 1 important support area.
- A support zone ranging from 77.13 to 78.10. 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 6 important areas.
- A resistance zone ranging from 79.70 to 81.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @83.01 from a horizontal line in the daily time frame.
- Resistance @84.44 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 85.82 to 86.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @88.12 from a horizontal line in the daily time frame.
- Resistance @90.32 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for QRVO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QRVO is down. |
| ChartMill Relative Strength | 49.29 | 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) | DOWN | NEGATIVE | The current price of QRVO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.22 | NEUTRAL | The RSI value for QRVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests QRVO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.63 | NEUTRAL | The Stochastics value for QRVO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for QRVO suggests some volalility. |
| Average Directional Index/ADX (14) | 25.41 | POSITIVE | The high ADX value value for QRVO suggests a strong trend. |
QRVO Chart- and CandleStick Pattern Analysis
QRVO Technicals: Chart, Performance Metrics, Trend & Indicators
78.16
+0.42 (+0.54%)
QORVO INC / QRVO TA 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 41.2159. 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 -0.103998, indicating a bearish trend.
What is the support and resistance level for QRVO stock?
QORVO INC (QRVO) has a support level at 78.1 and a resistance level at 79.7. Check the full technical report for our detailed analysis of QRVO support and resistance levels.