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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- 7/24/2026 -
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Qorvo (QRVO) Technical Analysis

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Summary:
Weekly :Trend resistance at 86.58Trend support at 85.48
Daily :Daily  MACD line has moved above its signal line
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It was a first positive week after 5 consecutive negative weeks for the Qorvo (QRVO). During the week, the QRVO gained 1.01 points, or 1.18%, and closed at 86.51 on Friday, July 24, 2026. It was the best weekly gain since May 22, 2026. Weekly volume was -34% below average.

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 price is near the trend resistance line (86.58). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the 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 price is near the trend support (85.48) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support 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 July 10, 2026. 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 trend support level is at 76.33 and resistance is at 98.08. 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.32
Williams' Percentage Range (W%R) 65.60
Lane's Stochastic (%D-Slow) 75.12
Greed/Fear Indicator (GFI) 52.62
Moving Average Converg./Diverg. (MACD) -2.60
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.35
Williams' Percentage Range (W%R) 67.70
Lane's Stochastic (%D-Slow) 24.89
Greed/Fear Indicator (GFI) 35.92
Moving Average Converg./Diverg. (MACD) 2.39
Trading Signals
Description Value Chart
Weekly Trendline Resistance 98.08
Upper Bollinger Band 95.04
50 Day Moving Average 94.30
Daily Stochastic Crossing 88.09
20 Day Moving Average 87.16
Yearly Trendline Resistance 86.58
Price 86.51
Weekly Stochastic Crossing 85.70
Quarterly Trendline Support 85.48
Parabolic System 84.02
Lower Bollinger Band 81.54
Weekly Trendline Support 76.33
Sector and Industry
Description Name Rank
Sector Information Technology 4
Industry Semiconductors 38
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 81.39
Low Date 07/15/2026
High 90.41
High Date 07/22/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 98.08
Support 76.33
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 Test Support
Resistance 110.38
Support 85.48
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 Test Resistance
Resistance 86.58
Support 35.96
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.