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 02/08/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 70.19 USD

My targets

73.53 USD (+1.70%)

75.39 USD (+4.27%)

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 73.53 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 75.39 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.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

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 72.30 USD. On the day, this instrument gained +4.22% with the lowest point at 69.96 USD and the highest point at 72.32 USD. The deviation from the price is +3.34% for the low point and -0.03% for the high point.

69.96

72.32

72.30

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:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of MARVELL TECHNOLOGY INC. in 1H shows a strongly overall bullish trend. 85.71% 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 market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour

In fact, 17 technical indicators on 18 studied are currently bullish. 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 detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	65.79	67.91	70.19	72.30	73.53	75.39	90.53
Change (%)	-9.00%	-6.07%	-2.92%	-	+1.70%	+4.27%	+25.21%
Change	-6.51	-4.39	-2.11	-	+1.23	+3.09	+18.23
Level	Major	Intermediate	Major	-	Intermediate	Minor	Major

Attention could also be paid to pivot points to set price objectives:

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):	78.40
MACD (12,26,9):	1.0500
Directional Movement:	36.30
AROON (14):	92.86
DEMA (21):	69.71
Parabolic SAR (0,02-0,02-0,2):	67.17
Elder Ray (13):	2.79
Super Trend (3,10):	69.31
Zig ZAG (10):	72.22
VORTEX (21):	1.3100
Stochastique (14,3,5):	97.19
TEMA (21):	70.85
Williams %R (14):	-3.68
Chande Momentum Oscillator (20):	5.82
Repulse (5,40,3):	2.3700
ROCnROLL:	1
TRIX (15,9):	0.0800
Courbe Coppock:	10.85

MA7:	68.24
MA20:	68.47
MA50:	61.93
MA100:	57.22
MAexp7:	70.39
MAexp20:	68.65
MAexp50:	68.11
MAexp100:	67.73
Price / MA7:	+5.95%
Price / MA20:	+5.59%
Price / MA50:	+16.74%
Price / MA100:	+26.35%
Price / MAexp7:	+2.71%
Price / MAexp20:	+5.32%
Price / MAexp50:	+6.15%
Price / MAexp100:	+6.75%

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.

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