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Downtrend ExhaustionArchive
- 1/17/2025 -
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Qorvo (QRVO) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Qorvo (QRVO). During the week, the QRVO gained 12.52 points, or 17.46%, and closed at 84.21 on Friday, January 17, 2025. Weekly volume was 142% above average.
QRVO is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See QRVO long-term trend chart]
A long-term downtrend had started on July 16, 2024 at 130.99 and reached 64.54 on December 6, 2024. QRVO lost 66.45 points, or 50.73%, in 20 weeks. The price is now at the 29.60% retracement level.
 Medium-term trend: [See QRVO medium-term trend chart]
A medium-term uptrend had started on December 6, 2024 at 64.54 and reached 84.48 on January 17, 2025. QRVO gained -19.94 points, or -30.90%, in 6 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (70.98) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See QRVO weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since August 9, 2024. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See QRVO short-term trend chart]
A short-term uptrend had started on January 13, 2025 at 70.35 and reached 84.48 on January 17, 2025. QRVO gained -14.13 points, or -20.09%, in 4 days. Price is near the trend high.
Daily Technical Indicators: [See QRVO daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since November 19, 2024. This is an indication that the short-term trend is up.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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