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. - Daily - Technical analysis published on 02/08/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 70.19 USD

My targets

75.39 USD (+5.34%)

83.52 USD (+16.70%)

My analysis

MARVELL TECHNOLOGY INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 70.19 USD. The next resistance located at 75.39 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 83.52 USD. After this resistance, buyers could then target 90.53 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

7.7

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

The MARVELL TECHNOLOGY INC. rating is 71.57 USD. The price registered an increase of +3.17% on the session and was between 69.96 USD and 71.85 USD. This implies that the price is at +2.30% from its lowest and at -0.39% from its highest.

69.96

71.85

71.57

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 this Daily chart of MARVELL TECHNOLOGY INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	56.87	65.79	70.19	71.57	75.39	90.53
Change (%)	-20.54%	-8.08%	-1.93%	-	+5.34%	+26.49%
Change	-14.70	-5.78	-1.38	-	+3.82	+18.96
Level	Major	Major	Major	-	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	63.28	64.64	67.01	68.37	70.74	72.10	74.47
Camarilla	68.34	68.69	69.03	69.37	69.71	70.05	70.40
Woodie	63.78	64.89	67.51	68.62	71.24	72.35	74.97
Fibonacci	64.64	66.07	66.95	68.37	69.80	70.68	72.10

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	59.86	62.68	65.11	67.93	70.36	73.18	75.61
Camarilla	66.09	66.57	67.05	67.53	68.01	68.49	68.97
Woodie	59.66	62.58	64.91	67.83	70.16	73.08	75.41
Fibonacci	62.68	64.69	65.93	67.93	69.94	71.18	73.18

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):	63.49
MACD (12,26,9):	1.9000
Directional Movement:	14.63
AROON (14):	-35.72
DEMA (21):	70.21
Parabolic SAR (0,02-0,02-0,2):	71.94
Elder Ray (13):	2.39
Super Trend (3,10):	64.52
Zig ZAG (10):	71.33
VORTEX (21):	1.0600
Stochastique (14,3,5):	47.55
TEMA (21):	70.01
Williams %R (14):	-24.44
Chande Momentum Oscillator (20):	1.04
Repulse (5,40,3):	5.8400
ROCnROLL:	1
TRIX (15,9):	0.5400
Courbe Coppock:	2.31

MA7:	68.15
MA20:	68.40
MA50:	61.90
MA100:	57.20
MAexp7:	68.97
MAexp20:	67.39
MAexp50:	63.40
MAexp100:	59.80
Price / MA7:	+5.02%
Price / MA20:	+4.63%
Price / MA50:	+15.62%
Price / MA100:	+25.12%
Price / MAexp7:	+3.77%
Price / MAexp20:	+6.20%
Price / MAexp50:	+12.89%
Price / MAexp100:	+19.68%

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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