QRVO Struggles Below Key Moving Averages at $86.12
BearishQorvo Inc (QRVO) traded flat at $86.12 on December 29.
Technical indicators paint a bearish picture:
Moving Averages
Price sits below both the 9-day ($86.45) and 21-day ($86.89) EMAs, suggesting short-term weakness.
Momentum
RSI at 57.6 is in neutral territory. MACD is bearish (-0.33 vs signal -0.18).
Volatility
Stock has been in a TTM Squeeze for 4 days, indicating compressed volatility and potential for a significant move.