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 08/30/2024 (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

83%

11%

My opinion

Bullish above 72.12 USD

My targets

78.26 USD (+2.65%)

84.95 USD (+11.42%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MARVELL TECHNOLOGY INC. as long as the price remains well above 72.12 USD. The buyers' bullish objective is set at 78.26 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 84.95 USD. If there is any crossing, the next objective would be the resistance located at 90.37 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.5

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. price is 76.24 USD. On the day, this instrument gained +9.16% and was between 72.71 USD and 79.00 USD. This implies that the price is at +4.85% from its lowest and at -3.49% from its highest.

72.71

79.00

76.24

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

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of MARVELL TECHNOLOGY INC. in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

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

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	65.68	72.12	75.60	76.24	78.26	84.95	90.37
Change (%)	-13.85%	-5.40%	-0.84%	-	+2.65%	+11.42%	+18.53%
Change	-10.56	-4.12	-0.64	-	+2.02	+8.71	+14.13
Level	Major	Major	Minor	-	Major	Intermediate	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	65.60	67.21	68.53	70.14	71.46	73.07	74.39
Camarilla	69.03	69.30	69.57	69.84	70.11	70.38	70.65
Woodie	65.45	67.14	68.38	70.07	71.31	73.00	74.24
Fibonacci	67.21	68.33	69.02	70.14	71.26	71.95	73.07

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	63.74	65.65	68.75	70.66	73.76	75.67	78.77
Camarilla	70.46	70.92	71.38	71.84	72.30	72.76	73.22
Woodie	64.33	65.95	69.34	70.96	74.35	75.97	79.36
Fibonacci	65.65	67.57	68.75	70.66	72.58	73.76	75.67

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):	63.66
MACD (12,26,9):	1.5900
Directional Movement:	15.58
AROON (14):	100.00
DEMA (21):	70.02
Parabolic SAR (0,02-0,02-0,2):	67.63
Elder Ray (13):	6.38
Super Trend (3,10):	64.31
Zig ZAG (10):	76.32
VORTEX (21):	1.0300
Stochastique (14,3,5):	77.31
TEMA (21):	72.21
Williams %R (14):	-13.91
Chande Momentum Oscillator (20):	12.61
Repulse (5,40,3):	-1.2100
ROCnROLL:	1
TRIX (15,9):	0.1300
Courbe Coppock:	31.88

MA7:	70.52
MA20:	66.31
MA50:	67.93
MA100:	68.85
MAexp7:	71.03
MAexp20:	68.47
MAexp50:	68.02
MAexp100:	67.97
Price / MA7:	+8.11%
Price / MA20:	+14.98%
Price / MA50:	+12.23%
Price / MA100:	+10.73%
Price / MAexp7:	+7.33%
Price / MAexp20:	+11.35%
Price / MAexp50:	+12.08%
Price / MAexp100:	+12.17%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on MARVELL TECHNOLOGY INC. at the time of the generation of this analysis was as follows:

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

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