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 03/25/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

44%

11%

44%

My opinion

Bearish under 68.91 USD

My targets

65.79 USD (-1.07%)

63.49 USD (-4.53%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on MARVELL TECHNOLOGY INC.. As long as you are under the resistance located at 68.91 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 65.79 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 63.49 USD as an objective. Crossing it would then enable sellers to target 56.99 USD. If the resistance 68.91 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.8

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 66.50 USD. The price is lower by -0.06% since the last closing and was between 64.44 USD and 67.07 USD. This implies that the price is at +3.20% from its lowest and at -0.85% from its highest.

64.44

67.07

66.50

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by MARVELL TECHNOLOGY INC.:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this MARVELL TECHNOLOGY INC. chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near horizontal support

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	56.99	63.49	65.79	66.50	72.28	75.39	80.15
Change (%)	-14.30%	-4.53%	-1.07%	-	+8.69%	+13.37%	+20.53%
Change	-9.51	-3.01	-0.71	-	+5.78	+8.89	+13.65
Level	Intermediate	Intermediate	Major	-	Intermediate	Minor	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	64.28	65.02	65.78	66.52	67.28	68.02	68.78
Camarilla	66.13	66.27	66.40	66.54	66.68	66.82	66.95
Woodie	64.29	65.03	65.79	66.53	67.29	68.03	68.79
Fibonacci	65.02	65.59	65.95	66.52	67.09	67.45	68.02

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	58.71	61.09	63.81	66.19	68.91	71.29	74.01
Camarilla	65.14	65.61	66.07	66.54	67.01	67.48	67.94
Woodie	58.89	61.18	63.99	66.28	69.09	71.38	74.19
Fibonacci	61.09	63.04	64.24	66.19	68.14	69.34	71.29

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	56.51	60.02	65.84	69.35	75.17	78.68	84.50
Camarilla	69.09	69.95	70.81	71.66	72.52	73.37	74.23
Woodie	57.67	60.60	67.00	69.93	76.33	79.26	85.66
Fibonacci	60.02	63.58	65.79	69.35	72.91	75.12	78.68

Numerical data

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

Technical indicators

Moving averages

RSI (14):	49.13
MACD (12,26,9):	-0.1000
Directional Movement:	-3.22
AROON (14):	-57.15
DEMA (21):	66.26
Parabolic SAR (0,02-0,02-0,2):	68.16
Elder Ray (13):	-0.11
Super Trend (3,10):	65.41
Zig ZAG (10):	66.48
VORTEX (21):	1.0000
Stochastique (14,3,5):	57.35
TEMA (21):	66.51
Williams %R (14):	-27.93
Chande Momentum Oscillator (20):	0.01
Repulse (5,40,3):	0.9900
ROCnROLL:	-1
TRIX (15,9):	0.0000
Courbe Coppock:	2.28

MA7:	66.31
MA20:	71.40
MA50:	69.54
MA100:	62.82
MAexp7:	66.29
MAexp20:	66.39
MAexp50:	67.16
MAexp100:	68.70
Price / MA7:	+0.29%
Price / MA20:	-6.86%
Price / MA50:	-4.37%
Price / MA100:	+5.86%
Price / MAexp7:	+0.32%
Price / MAexp20:	+0.17%
Price / MAexp50:	-0.98%
Price / MAexp100:	-3.20%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on MARVELL TECHNOLOGY INC. at the time of the analysis were as follows:

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

About author

Londinia AI

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