MARVELL TECHNOLOGY INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	MRVL
ISIN:	BMG5876H1051

MARVELL TECHNOLOGY INC. - 1H - Technical analysis published on 02/22/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

94%

My opinion

Bullish above 68.87 USD

My targets

70.69 USD (+1.10%)

73.53 USD (+5.16%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MARVELL TECHNOLOGY INC. as long as the price remains well above 68.87 USD. The buyers' bullish objective is set at 70.69 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 73.53 USD. If there is any crossing, the next objective would be the resistance located at 75.39 USD.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

MARVELL TECHNOLOGY INC. rating 69.92 USD. The price has increased by +6.72% since the last closing and was traded between 68.23 USD and 69.96 USD over the period. The price is currently at +2.48% from its lowest and -0.06% from its highest.

68.23

69.96

69.92

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of MARVELL TECHNOLOGY INC. in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	65.79	67.09	68.87	69.92	70.19	73.53	75.39
Change (%)	-5.91%	-4.05%	-1.50%	-	+0.39%	+5.16%	+7.82%
Change	-4.13	-2.83	-1.05	-	+0.27	+3.61	+5.47
Level	Major	Major	Minor	-	Major	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62.71	63.29	64.40	64.98	66.09	66.67	67.78
Camarilla	65.06	65.21	65.37	65.52	65.68	65.83	65.99
Woodie	62.99	63.42	64.68	65.11	66.37	66.80	68.06
Fibonacci	63.29	63.93	64.33	64.98	65.62	66.02	66.67

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	57.17	61.56	63.93	68.32	70.69	75.08	77.45
Camarilla	64.43	65.05	65.67	66.29	66.91	67.53	68.15
Woodie	56.15	61.06	62.91	67.82	69.67	74.58	76.43
Fibonacci	61.56	64.15	65.74	68.32	70.91	72.50	75.08

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	39.81	47.72	57.71	65.62	75.61	83.52	93.51
Camarilla	62.78	64.42	66.06	67.70	69.34	70.98	72.62
Woodie	40.85	48.24	58.75	66.14	76.65	84.04	94.55
Fibonacci	47.72	54.56	58.78	65.62	72.46	76.68	83.52

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	72.09
MACD (12,26,9):	0.2600
Directional Movement:	23.13
AROON (14):	85.72
DEMA (21):	66.34
Parabolic SAR (0,02-0,02-0,2):	64.47
Elder Ray (13):	2.93
Super Trend (3,10):	66.31
Zig ZAG (10):	69.83
VORTEX (21):	0.9700
Stochastique (14,3,5):	92.91
TEMA (21):	67.22
Williams %R (14):	-2.09
Chande Momentum Oscillator (20):	5.57
Repulse (5,40,3):	2.0600
ROCnROLL:	1
TRIX (15,9):	-0.1200
Courbe Coppock:	6.13

MA7:	67.30
MA20:	68.20
MA50:	64.56
MA100:	58.55
MAexp7:	67.46
MAexp20:	66.37
MAexp50:	66.93
MAexp100:	67.37
Price / MA7:	+3.89%
Price / MA20:	+2.52%
Price / MA50:	+8.30%
Price / MA100:	+19.42%
Price / MAexp7:	+3.65%
Price / MAexp20:	+5.35%
Price / MAexp50:	+4.47%
Price / MAexp100:	+3.79%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on MARVELL TECHNOLOGY INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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