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 08/08/2024 (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

72%

28%

My opinion

Bearish under 62.18 USD

My targets

56.90 USD (-5.75%)

53.19 USD (-11.89%)

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 62.18 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 56.90 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 53.19 USD as an objective. Crossing it would then enable sellers to target 50.29 USD. If the resistance 62.18 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.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

0.2

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 60.37 USD. On the day, this instrument gained +7.52% with the lowest point at 57.30 USD and the highest point at 60.93 USD. The deviation from the price is +5.36% for the low point and -0.92% for the high point.

57.30

60.93

60.37

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

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: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	50.29	53.19	56.90	60.37	62.18	65.68	72.15
Change (%)	-16.70%	-11.89%	-5.75%	-	+3.00%	+8.80%	+19.51%
Change	-10.08	-7.18	-3.47	-	+1.81	+5.31	+11.78
Level	Minor	Intermediate	Major	-	Intermediate	Major	Major

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	48.79	52.41	54.28	57.90	59.77	63.39	65.26
Camarilla	54.64	55.14	55.65	56.15	56.65	57.16	57.66
Woodie	47.92	51.97	53.41	57.46	58.90	62.95	64.39
Fibonacci	52.41	54.51	55.80	57.90	60.00	61.29	63.39

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46.26	52.12	55.68	61.54	65.10	70.96	74.52
Camarilla	56.66	57.52	58.39	59.25	60.11	60.98	61.84
Woodie	45.12	51.55	54.54	60.97	63.96	70.39	73.38
Fibonacci	52.12	55.72	57.94	61.54	65.14	67.36	70.96

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46.36	54.24	60.61	68.49	74.86	82.74	89.11
Camarilla	63.06	64.37	65.67	66.98	68.29	69.59	70.90
Woodie	45.61	53.86	59.86	68.11	74.11	82.36	88.36
Fibonacci	54.24	59.68	63.05	68.49	73.93	77.30	82.74

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.20
MACD (12,26,9):	-0.0900
Directional Movement:	5.84
AROON (14):	-42.85
DEMA (21):	58.67
Parabolic SAR (0,02-0,02-0,2):	56.12
Elder Ray (13):	1.43
Super Trend (3,10):	60.93
Zig ZAG (10):	60.22
VORTEX (21):	1.0300
Stochastique (14,3,5):	74.38
TEMA (21):	59.51
Williams %R (14):	-21.86
Chande Momentum Oscillator (20):	0.21
Repulse (5,40,3):	1.4400
ROCnROLL:	-1
TRIX (15,9):	-0.1300
Courbe Coppock:	0.96

MA7:	60.25
MA20:	65.28
MA50:	68.82
MA100:	69.06
MAexp7:	59.50
MAexp20:	59.04
MAexp50:	60.39
MAexp100:	62.81
Price / MA7:	+0.20%
Price / MA20:	-7.52%
Price / MA50:	-12.28%
Price / MA100:	-12.58%
Price / MAexp7:	+1.46%
Price / MAexp20:	+2.25%
Price / MAexp50:	-0.03%
Price / MAexp100:	-3.88%

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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