MARVELL TECHNOLOGY INC. - Daily - Technical analysis published on 11/01/2024 (GMT)
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- 0
- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above
My targets
()
My analysis
The bullish trend is currently very strong on MARVELL TECHNOLOGY INC.. As long as the price remains above the support at , you could try to benefit from the boom. The first bullish objective is located at . The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8
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Additional analysis
Quotes
MARVELL TECHNOLOGY INC. rating 84.89 USD. The price registered an increase of +5.97% on the session and was traded between 83.73 USD and 87.28 USD over the period. The price is currently at +1.39% from its lowest and -2.74% from its highest.83.73
87.28
84.89
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:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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 : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near horizontal support
Type : Bullish
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:
Abandoned baby morning star
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 70.30 | 76.24 | 84.88 | 84.89 | 90.30 |
| Change (%) | -17.19% | -10.19% | -0.01% | - | +6.37% |
| Change | -14.59 | -8.65 | -0.01 | - | +5.41 |
| Level | Major | Major | Major | - | 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 | 75.22 | 77.14 | 78.62 | 80.54 | 82.02 | 83.94 | 85.42 |
| Camarilla | 79.18 | 79.49 | 79.80 | 80.11 | 80.42 | 80.73 | 81.05 |
| Woodie | 75.01 | 77.03 | 78.41 | 80.43 | 81.81 | 83.83 | 85.21 |
| Fibonacci | 77.14 | 78.44 | 79.24 | 80.54 | 81.84 | 82.64 | 83.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.84 | 77.81 | 79.71 | 81.68 | 83.58 | 85.55 | 87.45 |
| Camarilla | 80.55 | 80.90 | 81.26 | 81.61 | 81.97 | 82.32 | 82.67 |
| Woodie | 75.81 | 77.79 | 79.68 | 81.66 | 83.55 | 85.53 | 87.42 |
| Fibonacci | 77.81 | 79.29 | 80.20 | 81.68 | 83.16 | 84.07 | 85.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.12 | 63.02 | 71.57 | 78.47 | 87.02 | 93.92 | 102.47 |
| Camarilla | 75.86 | 77.28 | 78.69 | 80.11 | 81.53 | 82.94 | 84.36 |
| Woodie | 56.94 | 63.43 | 72.39 | 78.88 | 87.84 | 94.33 | 103.29 |
| Fibonacci | 63.02 | 68.93 | 72.57 | 78.47 | 84.38 | 88.02 | 93.92 |
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): | 63.57 | |
| MACD (12,26,9): | 2.7700 | |
| Directional Movement: | 18.21 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 83.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 79.05 | |
| Elder Ray (13): | 4.04 | |
| Super Trend (3,10): | 76.13 | |
| Zig ZAG (10): | 84.84 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 68.84 | |
| TEMA (21): | 84.55 | |
| Williams %R (14): | -25.46 | |
| Chande Momentum Oscillator (20): | 3.25 | |
| Repulse (5,40,3): | -2.4800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5300 | |
| Courbe Coppock: | 19.66 |
| MA7: | 82.83 | |
| MA20: | 79.56 | |
| MA50: | 74.81 | |
| MA100: | 71.47 | |
| MAexp7: | 82.72 | |
| MAexp20: | 80.02 | |
| MAexp50: | 75.90 | |
| MAexp100: | 72.85 | |
| Price / MA7: | +2.49% | |
| Price / MA20: | +6.70% | |
| Price / MA50: | +13.47% | |
| Price / MA100: | +18.78% | |
| Price / MAexp7: | +2.62% | |
| Price / MAexp20: | +6.09% | |
| Price / MAexp50: | +11.84% | |
| Price / MAexp100: | +16.53% |
Quotes :
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15 min delayed data
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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:
- Marvell Technology, Inc. Declares Quarterly Dividend Payment
- Marvell Technology, Inc. Reports Second Quarter of Fiscal Year 2025 Financial Results
- Marvell Technology, Inc. Announces Conference Call to Review Second Quarter of Fiscal Year 2025 Financial Results
- Marvell Technology, Inc. Declares Quarterly Dividend Payment
- Marvell Technology, Inc. Reports First Quarter of Fiscal Year 2025 Financial Results
This member declared not having a position on this financial instrument or a related financial instrument.
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