Qorvo is engaged in the development and commercialization of technologies and products for wireless, wired and power markets. Co.'s segments are: High Performance Analog, which is a supplier of radio frequency (RF) and power solutions for automotive, defense and aerospace, cellular infrastructure, broadband and other markets; Connectivity and Sensors Group, which is a supplier of connectivity and sensor solutions, with spanning ultra-wideband, Bluetooth® Low Energy, microelectromechanical system-based sensors and bulk acoustic wave-based sensors; and Advanced Cellular Group, which is a supplier of cellular RF solutions for smartphones, wearables, laptops, tablets and other devices.
When researching a stock like Qorvo, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from QRVO Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for QRVO stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of these ways is called the Relative Strength Index, or RSI. This popular indicator, originally developed in the 1970's by J. Welles Wilder, looks at a 14-day moving average of a stock's gains on its up days, versus its losses on its down days. The resulting QRVO RSI is a value that measures momentum, oscillating between "oversold" and "overbought" on a scale of zero to 100. A reading below 30 is viewed to be oversold, which a bullish investor could look to as a sign that the selling is in the process of exhausting itself, and look for entry point opportunities. A reading above 70 is viewed to be overbought, which could indicate that a rally in progress is starting to get crowded with buyers. If the rally has been a long one, that could be a sign that a pullback is overdue. |
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