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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- 5/29/2026 -
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Qorvo (QRVO) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineThe period of high volatility of the stock price
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It was the negative week for the Qorvo (QRVO). During the week, the QRVO dropped -2.87 points, or -2.70%, and closed at 103.56 on Friday, May 29, 2026. QRVO was trading at average weekly trading volume.

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 (37.54) 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 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 17.15% retracement level.

Weekly Technical Indicators: [See QRVO weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 links to access Lane's Stochastic and Williams' Percentage Range 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 and getting bigger. It indicates that the current medium-term uptrend is strong. 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 102.86 on May 28, 2026. QRVO lost 6.63 points, or 6.06%, in 1 days. The price is now at the 10.56% retracement level.

Daily Technical Indicators: [See QRVO daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since May 18, 2026.

The distance between the Bollinger Bands is 100.16% higher then one year average. It indicates the period of high volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.74
Williams' Percentage Range (W%R) 6.80
Strong Overbought
Lane's Stochastic (%D-Slow) 84.14
Overbought
Greed/Fear Indicator (GFI) 81.36
Overbought
Moving Average Converg./Diverg. (MACD) 4.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.62
Williams' Percentage Range (W%R) 4.50
Strong Overbought
Lane's Stochastic (%D-Slow) 85.13
Overbought
Greed/Fear Indicator (GFI) 81.07
Overbought
Moving Average Converg./Diverg. (MACD) 0.14
Trading Signals
Description Value Chart
Upper Bollinger Band 109.00
Daily Stochastic Crossing 106.24
Weekly Stochastic Crossing 104.32
Price 103.56
Parabolic System 98.33
20 Day Moving Average 96.10
Yearly Trendline Resistance 89.91
50 Day Moving Average 87.21
Lower Bollinger Band 84.33
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Semiconductors 120
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 109.49
High Date 05/27/2026
Low 102.86
Low Date 05/28/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 86.38
Low Date 05/06/2026
High 109.49
High Date 05/27/2026
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 89.91
Support 37.54
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.