|
Downtrend Broken Resist.Archive - 7/19/2024 - Sign In to see current Signals. |
Qorvo (QRVO) Technical Analysis
|
|
| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Qorvo (QRVO). During the week, the QRVO gave back -1.00 points, or -0.81%, and closed at 121.80 on Friday, July 19, 2024. It was the worst weekly loss since May 3, 2024. Weekly volume was 11% above average. Long-term trend: [See QRVO long-term trend chart] A long-term uptrend had started on October 13, 2022 at 75.38 and reached 130.99 on July 16, 2024. QRVO gained -55.61 points, or -73.77%, in 91 weeks. The price is now at the 16.53% retracement level. Medium-term trend: [See QRVO medium-term trend chart] A medium-term uptrend had started on May 2, 2024 at 94.34 and reached 130.99 on July 16, 2024. QRVO gained -36.65 points, or -38.85%, in 10 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level. Weekly Technical Indicators: [See QRVO weekly technical indicators chart] Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 June 21, 2024. 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 uptrend had started on May 31, 2024 at 95.17 and reached 130.99 on July 16, 2024. QRVO gained -35.82 points, or -37.64%, in 46 days. The chart has formed a Rising Channel chart pattern. Daily Technical Indicators: [See QRVO daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal. During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
| |
|
|