Qorvo Inc (QRVO): Price Now Near $128.03; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for QRVO

Currently, QRVO’s price is up $0.67 (0.53%) from the hour prior. This is the 2nd hour in a row QRVO has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

QRVO’s Technical Outlook on the Daily Chart

At the time of this writing, QRVO’s price is down $-0.43 (-0.27%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on QRVO. Given that we see an uptrend on the 20 and 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The chart below shows QRVO’s price action over the past 90 days.

QRVO

For QRVO News Traders

Investors and traders in QRVO may be particularly interested in the following story that came out in the past day:

Is Qorvo (QRVO) Stock Outpacing Its Computer and Technology Peers This Year?

Is (QRVO) Outperforming Other Computer and Technology Stocks This Year?

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