QORVO INC (QRVO) Stock Technical Analysis
NASDAQ:QRVO - Nasdaq - US74736K1016 - Common Stock - Currency: USD
Overall QRVO gets a technical rating of 5 out of 10. QRVO was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
When comparing the yearly performance of all stocks, QRVO is a bad performer in the overall market: 72% of all stocks are doing better.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
QRVO has an average volume of 1934200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
QRVO is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 40% of 110 stocks in the same industry.
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.
In the last month QRVO has a been trading in the 81.54 - 91.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, QRVO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 88.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 84.86, a Stop Loss order could be placed below this zone.
More info and screens
70.55
91.48
When analyzing the support we can see 2 important areas.
- A support zone ranging from 83.46 to 84.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @71.26 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 88.78 to 90.57. 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 | UP | POSITIVE | The long term trend for QRVO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for QRVO is neutral. |
| ChartMill Relative Strength | 28.28 | NEGATIVE | QRVO has a low relative strength, it was outperformed by 71.72% 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) | UP | POSITIVE | The current price of QRVO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of QRVO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.8 | NEUTRAL | The RSI value for QRVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.6 | NEGATIVE | The MACD value suggests QRVO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.37 | NEUTRAL | The Stochastics value for QRVO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for QRVO suggests some volalility. |
| Average Directional Index/ADX (14) | 21.41 | NEUTRAL | The ADX value for QRVO suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
84.95
-0.22 (-0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.26%
1 Week0.33%
2 Weeks-3.25%
1 Month-3.5%
3 Month16.07%
6 Month10.28%
12 Month-20.01%
2 Year-20.9%
3 Year-5.38%
5 Year-33.77%
10 Year53.04%
15 YearN/A
Volatility
ATR(14)2.76
ATR(20)%3.07%
ATR Inc-41.49%
Range Today2.18
ADR(20)2.48
ADR(20)%2.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.28
Mansfield-0.3
10 Day High91.44
10 Day Low81.54
20 Day High91.44
20 Day Low81.54
52 Week High117.9
52 Week Low49.46
CS1 End84.86
CR1 Start88.78
Volume & EV
DER(3)-0.11%
DER(5)0.46%
Volume2.15M
Volume Incr65.78%
Vol(5)2.84M
Vol(50)1.93M