The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 8/7/2026 -
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Qorvo (QRVO) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved above oversold areaBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageBroken trend resistance line
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It was a third positive week after 5 consecutive negative weeks for the Qorvo (QRVO). During the week, the QRVO gained 8.51 points, or 9.40%, and closed at 99.08 on Friday, August 7, 2026. It was the best weekly gain since May 22, 2026. QRVO was trading at average weekly trading volume.

Long-term trend: [See QRVO long-term trend chart]
A long-term downtrend had started on April 29, 2021 at 201.68 and reached 49.46 on April 8, 2025. QRVO lost 152.22 points, or 75.48%, in 205 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (35.54) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. QRVO may retest the broken resistance line. It is considered to be a support line now. 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 long-term trend.

Medium-term trend: [See QRVO medium-term trend chart]
A medium-term uptrend had started on April 8, 2025 at 49.46 and reached 109.49 on May 27, 2026. QRVO gained -60.03 points, or -121.37%, in 59 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 86.59 and resistance is at 110.60. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See QRVO weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since July 10, 2026. 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 downtrend had started on May 27, 2026 at 109.49 and reached 81.39 on July 15, 2026. QRVO lost 28.10 points, or 25.66%, in 49 days. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (69.10) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. QRVO may retest the broken resistance line. It is considered to be a support line now. 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 short-term trend.

Daily Technical Indicators: [See QRVO daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since July 20, 2026. The distance between MACD and the signal line is relatively high and getting bigger.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.38
Williams' Percentage Range (W%R) 18.80
Overbought
Lane's Stochastic (%D-Slow) 86.80
Overbought
Greed/Fear Indicator (GFI) 81.13
Overbought
Moving Average Converg./Diverg. (MACD) -0.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.17
Williams' Percentage Range (W%R) 40.20
Lane's Stochastic (%D-Slow) 24.21
Greed/Fear Indicator (GFI) 45.91
Moving Average Converg./Diverg. (MACD) 2.06
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 110.60
Upper Bollinger Band 100.26
Price 99.08
Daily Stochastic Crossing 98.34
Weekly Trendline Resistance 95.23
50 Day Moving Average 93.27
20 Day Moving Average 89.16
Weekly Stochastic Crossing 88.07
Parabolic System 87.50
Quarterly Trendline Support 86.59
Yearly Trendline Resistance 85.70
Lower Bollinger Band 82.59
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Semiconductors 25
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 81.39
Low Date 07/15/2026
High 99.15
High Date 08/07/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 95.23
Support 69.10
High 109.49
High Date 05/27/2026
Low 81.39
Low Date 07/15/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 74.92
Low Date 03/09/2026
High 109.49
High Date 05/27/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 110.60
Support 86.59
Low 49.46
Low Date 04/08/2025
High 109.49
High Date 05/27/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 85.70
Support 35.54
High 201.68
High Date 04/29/2021
Low 49.46
Low Date 04/08/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.