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 10/02/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

33%

My opinion

Bullish above 53.79 USD

My targets

55.27 USD (+2.18%)

57.75 USD (+6.77%)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on MARVELL TECHNOLOGY INC. as long as the price remains well above 53.79 USD. The buyers' bullish objective is set at 55.27 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 57.75 USD. If there is any crossing, the next objective would be the resistance located at 59.26 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

2.9

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.

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Additional analysis

Quotes

The MARVELL TECHNOLOGY INC. rating is 54.09 USD. The price is lower by -0.07% since the last closing and was traded between 53.93 USD and 55.24 USD over the period. The price is currently at +0.30% from its lowest and -2.08% from its highest.

53.93

55.24

54.09

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

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

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 bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

On the 18 technical indicators analysed, 6 are bullish, 6 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	48.64	52.25	53.79	54.09	55.27	57.75	59.26
Change (%)	-10.08%	-3.40%	-0.55%	-	+2.18%	+6.77%	+9.56%
Change	-5.45	-1.84	-0.30	-	+1.18	+3.66	+5.17
Level	Intermediate	Intermediate	Major	-	Major	Minor	Intermediate

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	52.20	53.10	53.62	54.52	55.04	55.94	56.46
Camarilla	53.74	53.87	54.00	54.13	54.26	54.39	54.52
Woodie	52.00	53.01	53.42	54.43	54.84	55.85	56.26
Fibonacci	53.10	53.65	53.98	54.52	55.07	55.40	55.94

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	47.91	49.68	51.90	53.67	55.89	57.66	59.88
Camarilla	53.03	53.40	53.76	54.13	54.50	54.86	55.23
Woodie	48.15	49.79	52.14	53.78	56.13	57.77	60.12
Fibonacci	49.68	51.20	52.14	53.67	55.19	56.13	57.66

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42.77	47.10	50.62	54.95	58.47	62.80	66.32
Camarilla	51.97	52.69	53.41	54.13	54.85	55.57	56.29
Woodie	42.36	46.90	50.21	54.75	58.06	62.60	65.91
Fibonacci	47.10	50.10	51.96	54.95	57.95	59.81	62.80

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):	56.16
MACD (12,26,9):	0.3800
Directional Movement:	9.53
AROON (14):	21.43
DEMA (21):	54.57
Parabolic SAR (0,02-0,02-0,2):	54.01
Elder Ray (13):	0.02
Super Trend (3,10):	53.11
Zig ZAG (10):	54.21
VORTEX (21):	1.0900
Stochastique (14,3,5):	27.91
TEMA (21):	54.72
Williams %R (14):	-74.38
Chande Momentum Oscillator (20):	-0.98
Repulse (5,40,3):	-0.2600
ROCnROLL:	-1
TRIX (15,9):	0.1300
Courbe Coppock:	1.20

MA7:	53.08
MA20:	54.51
MA50:	57.95
MA100:	57.47
MAexp7:	54.33
MAexp20:	54.06
MAexp50:	53.67
MAexp100:	54.07
Price / MA7:	+1.90%
Price / MA20:	-0.77%
Price / MA50:	-6.66%
Price / MA100:	-5.88%
Price / MAexp7:	-0.44%
Price / MAexp20:	+0.06%
Price / MAexp50:	+0.78%
Price / MAexp100:	+0.04%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on MARVELL TECHNOLOGY INC.. At the time of publication of this analysis, the latest news was as follows:

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

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