Qorvo, Inc. (QRVO)

Qorvo, Inc. is trading at $95.02, down 1.06% on the session. The 50 day average sits at $92.69 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 62.4, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $93.91 with resistance near $99.15, so that band frames the current range. Average daily movement is roughly $2.98, or about 3.1% of the share price, which is what any stop placement has to allow for. The overall health score of 69 out of 100 combines a trend score of 56, momentum of 88 and a risk score of 64.

Qorvo, Inc. engages in development and commercialization of technologies and products for wireless, wired, and power markets in the United States, China, rest of Asia, Taiwan, and Europe. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency, analog mixed signal, and power management solutions for defense and aerospace markets, as well as offers compound semiconductor foundry services, wafer processing, advanced packaging and heterogeneous integration solutions. The CSG segment supplies connectivity and sensor solutions featuring various technologies, such as UWB, Matter, Bluetooth Low Energy, Zigbee, Thread, Wi-Fi, and cellular solutions. It serves smart home, industrial automation, automotive, smartphones, wearables, gaming, and industrial and enterprise access points markets. The ACG segment supplies cellular solutions for smartphones, wearables, laptops, tablets, and various other devices. It also offers foundry services for defense primes and other defense and aerospace customers. The company sells its products directly to original equipment manufacturers and original design manufacturers, as well as through a network of sales representative firms and distributors. Qorvo, Inc. was founded in 1957 and is headquartered in Greensboro, North Carolina.