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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- 6/12/2026 -
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Qorvo (QRVO) Technical Analysis

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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought areaBroken trend resistance line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Qorvo (QRVO). During the week, the QRVO climbed 0.31 points, or 0.32%, and closed at 98.59 on Friday, June 12, 2026. Weekly volume was -10% below 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 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 (37.13) is broken. A broken support is considered to be a long-term bullish signal. 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 March 9, 2026 at 74.92 and reached 109.49 on May 27, 2026. QRVO gained -34.57 points, or -46.14%, in 11 weeks. The price is now at the 31.53% retracement level.

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 below overbought area. Such crossover is considered a bearish 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 above its signal line since April 17, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 93.91 on June 9, 2026. QRVO lost 15.58 points, or 14.23%, in 13 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 91.19 and resistance is at 102.95. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See QRVO daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since June 4, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 39.22
Williams' Percentage Range (W%R) 60.00
Lane's Stochastic (%D-Slow) 24.59
Greed/Fear Indicator (GFI) 34.61
Moving Average Converg./Diverg. (MACD) 2.98
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.38
Williams' Percentage Range (W%R) 36.20
Lane's Stochastic (%D-Slow) 79.09
Greed/Fear Indicator (GFI) 67.38
Moving Average Converg./Diverg. (MACD) 1.40
Trading Signals
Description Value Chart
Upper Bollinger Band 107.17
Weekly Stochastic Crossing 103.64
Weekly Trendline Resistance 102.95
Parabolic System 101.57
20 Day Moving Average 100.24
Price 98.59
Daily Stochastic Crossing 97.10
50 Day Moving Average 91.51
Weekly Trendline Support 91.19
Lower Bollinger Band 89.46
Yearly Trendline Resistance 89.03
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry Semiconductors 108
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 93.91
Low Date 06/09/2026
High 99.08
High Date 06/12/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 102.95
Support 91.19
High 109.49
High Date 05/27/2026
Low 93.91
Low Date 06/09/2026
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 Uptrend
Status
Resistance
Support
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 89.03
Support 37.13
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.