Qorvo Inc (QRVO)
Qorvo is an American semiconductor company that designs, manufactures, and supplies radio-frequency systems for applications that drive wireless and broadband communications, as well as foundry services.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 68.89% per annum.
- QRVO price at the close of March 28, 2025 was $71.50 and was higher than the top border of the primary price channel by $7.05 (10.94%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 27.61% per annum.
- QRVO price at the close of March 28, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of QRVO price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: June 12, 2024
End date: January 16, 2025
a = 9.7946
b = -0.0032
s = 0.1019
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0032) – 1
= -68.89%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1019) – 1
= 50.34%
June 12, 2024 calculations
Top border of price channel:
Exp(Y1,057)
= Exp(a + b × X1,057 + 2 × s)
= Exp(a + b × 1,534 + 2 × s)
= Exp(9.7946 + -0.0032 × 1,534 + 2 × 0.1019)
= Exp(5.0906)
= $162.48
Bottom border of price channel:
Exp(Y1,057)
= Exp(a + b × X1,057 – 2 × s)
= Exp(a + b × 1,534 – 2 × s)
= Exp(9.7946 + -0.0032 × 1,534 – 2 × 0.1019)
= Exp(4.6828)
= $108.08
January 16, 2025 calculations
Top border of price channel:
Exp(Y1,206)
= Exp(a + b × X1,206 + 2 × s)
= Exp(a + b × 1,752 + 2 × s)
= Exp(9.7946 + -0.0032 × 1,752 + 2 × 0.1019)
= Exp(4.3931)
= $80.89
Bottom border of price channel:
Exp(Y1,206)
= Exp(a + b × X1,206 – 2 × s)
= Exp(a + b × 1,752 – 2 × s)
= Exp(9.7946 + -0.0032 × 1,752 – 2 × 0.1019)
= Exp(3.9854)
= $53.80
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 68.89% per annum.
- QRVO price at the close of March 28, 2025 was $71.50 and was higher than the top border of the primary price channel by $7.05 (10.94%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: October 30, 2024
End date: March 28, 2025
a = 3.1244
b = 0.0007
s = 0.0668
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 27.61%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0668) – 1
= 30.62%
October 30, 2024 calculations
Top border of price channel:
Exp(Y1,154)
= Exp(a + b × X1,154 + 2 × s)
= Exp(a + b × 1,674 + 2 × s)
= Exp(3.1244 + 0.0007 × 1,674 + 2 × 0.0668)
= Exp(4.3763)
= $79.54
Bottom border of price channel:
Exp(Y1,154)
= Exp(a + b × X1,154 – 2 × s)
= Exp(a + b × 1,674 – 2 × s)
= Exp(3.1244 + 0.0007 × 1,674 – 2 × 0.0668)
= Exp(4.1091)
= $60.89
March 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(3.1244 + 0.0007 × 1,823 + 2 × 0.0668)
= Exp(4.4758)
= $87.86
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(3.1244 + 0.0007 × 1,823 – 2 × 0.0668)
= Exp(4.2087)
= $67.27
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 27.61% per annum.
- QRVO price at the close of March 28, 2025 was inside the secondary price channel.