QRVO – Qorvo, Inc.
Context Technical Analysis
Since late March, QRVO is moving in a strong bullish channel that we show with the orange lines.
MACD is moving slowly up, just above its Signal Line.
The Relative Strength of QRVO is moving up and mostly above its 20-day moving average.
Higher Time Frame
From QRVO's weekly chart below, we can see:
· QRVO is moving above its 10- 20- and 50-week moving average
· QRVO has just crossed above resistance line
· The MACD is rising and it’s above its signal line
· QRVO’s Relative Strength is moving up and above its 20-day moving average