QORVO INC (QRVO) Technical Analysis
NASDAQ:QRVO • US74736K1016
Current stock price
QRVO Technical Rating and Analysis
Taking everything into account, QRVO scores 4 out of 10 in our technical rating. In the past year, QRVO was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- QRVO is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, of which 72% are performing better than QRVO.
- In the last month QRVO has a been trading in the 75.44 - 82.00 range, which is quite wide. It is currently trading near the high of this range.
- QRVO has an average volume of 1283060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- When comparing the yearly performance of all stocks, we notice that QRVO is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- 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.
QRVO Weekly and Daily overview Charts
QRVO Setup Rating and Analysis
QRVO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 81.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 80.59, a Stop Loss order could be placed below this zone.
More info and screens
QRVO Support and Resistance Analysis
75.26
2 important support areas can be observed.
- A support zone ranging from 78.61 to 80.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 76.02 to 77.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 81.20 to 81.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @85.08 from a trend line in the weekly time frame.
- 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 | UP | POSITIVE | The short term trend for QRVO is up. |
| ChartMill Relative Strength | 74.36 | POSITIVE | QRVO has a high relative strength, it outperformed 74.36% 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) | DOWN | NEGATIVE | The current price of QRVO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.95 | NEUTRAL | The RSI value for QRVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests QRVO has a positive trend. |
| Stochastics (14,3) | 77.49 | NEUTRAL | The Stochastics value for QRVO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for QRVO suggests some volalility. |
| Average Directional Index/ADX (14) | 17.99 | NEGATIVE | The low ADX value for QRVO suggests a weak or negative trend. |
QRVO Chart- and CandleStick Pattern Analysis
QRVO Technicals: Chart, Performance Metrics, Trend & Indicators
81.19
+0.58 (+0.72%)
QORVO INC / QRVO TA FAQ
Can you provide the ChartMill technical rating for QORVO INC?
ChartMill assigns a technical rating of 4 / 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 QORVO INC (QRVO) stock?
QORVO INC (QRVO) has an RSI value of 57.9473. 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 hold as the short term and long term trends are mixed.
What is the support and resistance level for QRVO stock?
QORVO INC (QRVO) has a support level at 80.59 and a resistance level at 81.2. Check the full technical report for our detailed analysis of QRVO support and resistance levels.