In this daily bar chart of QRVO, below, we can see that it took prices four months to rally from near $54 to the $79 area but it took less than a month for prices to retrace most of that rise. QRVO is below the declining 50-day moving average line and the bearish 200-day average line.
The daily On-Balance-Volume (OBV) line has broken its four month rise and tells us that sellers of QRVO are being more aggressive.
The Moving Average Convergence Divergence (MACD) oscillator is below the zero line for an outright sell signal.
In this weekly bar chart of QRVO, below, we can see that prices have "rolled over" the past two and half years. QRVO is below the declining 40-week moving average line.
The weekly OBV line has been in a long decline and the Moving Average Convergence Divergence (MACD) oscillator has rolled over and it about to cross below the zero line for a sell signal.
In this Point and Figure chart of QRVO, below, we can see a $44 price target being projected.
Bottom line strategy: The charts and indicators of QRVO look weak and likely to eventually break the December/January lows. $44 is our price target from the Point and Figure chart.