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 11/05/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 84.88 USD

My targets

90.30 USD (+3.58%)

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 84.88 USD. The next resistance located at 90.30 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

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

The MARVELL TECHNOLOGY INC. rating is 87.18 USD. The price has increased by +3.32% since the last closing with the lowest point at 86.20 USD and the highest point at 87.99 USD. The deviation from the price is +1.14% for the low point and -0.92% for the high point.

86.20

87.99

87.18

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 study of the highest / lowest by the Central Records scanner shows the following results:

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. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

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

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	76.24	79.05	84.88	87.18	87.28	90.30
Change (%)	-12.55%	-9.33%	-2.64%	-	+0.11%	+3.58%
Change	-10.94	-8.13	-2.30	-	+0.10	+3.12
Level	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	80.22	81.67	83.02	84.47	85.82	87.27	88.62
Camarilla	83.61	83.87	84.12	84.38	84.64	84.89	85.15
Woodie	80.18	81.65	82.98	84.45	85.78	87.25	88.58
Fibonacci	81.67	82.74	83.40	84.47	85.54	86.20	87.27

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	71.89	75.47	80.12	83.70	88.35	91.93	96.58
Camarilla	82.51	83.26	84.02	84.77	85.52	86.28	87.03
Woodie	72.43	75.74	80.66	83.97	88.89	92.20	97.12
Fibonacci	75.47	78.61	80.56	83.70	86.84	88.79	91.93

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):	63.33
MACD (12,26,9):	0.7700
Directional Movement:	24.82
AROON (14):	50.00
DEMA (21):	85.20
Parabolic SAR (0,02-0,02-0,2):	82.53
Elder Ray (13):	2.38
Super Trend (3,10):	82.86
Zig ZAG (10):	86.68
VORTEX (21):	1.0300
Stochastique (14,3,5):	58.02
TEMA (21):	85.65
Williams %R (14):	-27.87
Chande Momentum Oscillator (20):	1.19
Repulse (5,40,3):	-1.1400
ROCnROLL:	1
TRIX (15,9):	0.1000
Courbe Coppock:	7.09

MA7:	83.88
MA20:	80.79
MA50:	75.43
MA100:	71.72
MAexp7:	85.24
MAexp20:	84.32
MAexp50:	83.32
MAexp100:	81.79
Price / MA7:	+3.93%
Price / MA20:	+7.91%
Price / MA50:	+15.58%
Price / MA100:	+21.56%
Price / MAexp7:	+2.28%
Price / MAexp20:	+3.39%
Price / MAexp50:	+4.63%
Price / MAexp100:	+6.59%

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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