Back

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)


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


IQV Forecast + Options Trading Strategies   IQV  IQVIA (0.92)


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


XLI Forecast + Options Trading Strategies   XLI  Industrial Select Sector SPDR (0.91)



Uncorrelated Stock Forecasts

Assets with little price relationship to QRVO



OBE Forecast + Options Trading Strategies   OBE  Obsidian Energy (-0.0)


JNUG Forecast + Options Trading Strategies   JNUG  Direxion Daily Junior Gold Miners Index Bu (-0.0)


BKH Forecast + Options Trading Strategies   BKH  Black Hills (0.0)


CAG Forecast + Options Trading Strategies   CAG  Conagra Brands (-0.0)


ESTA Forecast + Options Trading Strategies   ESTA  Establishment Labs (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against QRVO



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


HDGE Forecast + Options Trading Strategies   HDGE  Advisorshares Trust - Ranger Equity Bear (-0.89)


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


RWM Forecast + Options Trading Strategies   RWM  ProShares Trust - ProShares Short Russell2000 (-0.95)


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





Become a more profitable investor with AI optimized trading strategies






×

Chat with QRVO


 Ask me any question!