Bullish Case: Qorvo's recent deal to supply wireless chips for the iPhone 16 antenna suggests increased demand for its products, along with gradual appreciation over various time horizons, indicating sustained growth potential amid a neutral to positive market sentiment.


Bearish Case: Qorvo faces high market uncertainty with implied volatility above market predictions, a near-flat term structure, and trading at low option volume, which could signal investor caution and potential downside risk.


Potential Outcomes:

1) Increased chip demand from new iPhone deal materializes (60%).

2) Market corrects to Helium's higher implied volatility, causing price drop (40%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 11, 2024


Qorvo Forecast

QRVO        Qorvo
Price Forecast: NEUTRAL    Price Action: TRENDING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with QRVO



VTWO Forecast + Options Trading Strategies   [VTWO]  Vanguard Russell 2000 Index (0.96)


UWM Forecast + Options Trading Strategies   [UWM]  ProShares Ultra Russell2000 (0.95)


RSP Forecast + Options Trading Strategies   [RSP]  Invesco S&P 500 Equal Weight (0.93)


GMS Forecast + Options Trading Strategies   [GMS]  GMS (0.93)


TNA Forecast + Options Trading Strategies   [TNA]  Direxion Daily Small Cap Bull 3X Shares (0.92)



Uncorrelated Stock Forecasts

Assets with little price relationship to QRVO



OXY Forecast + Options Trading Strategies   [OXY]  Occidental Petroleum (-0.0)


GOEV Forecast + Options Trading Strategies   [GOEV]  Canoo (0.0)


INCY Forecast + Options Trading Strategies   [INCY]  Incyte (0.0)


EXAS Forecast + Options Trading Strategies   [EXAS]  Exact Sciences (0.0)


MCFT Forecast + Options Trading Strategies   [MCFT]  MasterCraft Boat (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against QRVO



DXD Forecast + Options Trading Strategies   [DXD]  ProShares UltraShort Dow30 (-0.85)


SDOW Forecast + Options Trading Strategies   [SDOW]  ProShares UltraPro Short Dow30 (-0.85)


SPXS Forecast + Options Trading Strategies   [SPXS]  Direxion Daily S&P 500 Bear 3X Shares (-0.86)


TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (-0.95)


SRTY Forecast + Options Trading Strategies   [SRTY]  ProShares UltraPro Short Russell2000 (-0.95)





Become a more profitable investor with AI optimized trading strategies






×

Chat with Helium


 Ask me any question!