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 12/04/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 102.89 USD

My targets

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 102.89 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.9

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 117.89 USD. The price has increased by +22.92% since the last closing and was between 109.60 USD and 118.19 USD. This implies that the price is at +7.56% from its lowest and at -0.25% from its highest.

109.60

118.19

117.89

A study of price movements over other periods shows the following variations:

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

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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 this Daily chart of MARVELL TECHNOLOGY INC. indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	76.24	90.30	93.94	117.89
Change (%)	-35.33%	-23.40%	-20.32%	-
Change	-41.65	-27.59	-23.95	-
Level	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	89.98	92.29	94.10	96.41	98.22	100.53	102.34
Camarilla	94.78	95.16	95.53	95.91	96.29	96.67	97.04
Woodie	89.73	92.17	93.85	96.29	97.97	100.41	102.09
Fibonacci	92.29	93.86	94.84	96.41	97.98	98.96	100.53

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	81.08	84.54	88.62	92.08	96.16	99.62	103.70
Camarilla	90.62	91.31	92.00	92.69	93.38	94.07	94.76
Woodie	81.38	84.70	88.92	92.24	96.46	99.78	104.00
Fibonacci	84.54	87.42	89.20	92.08	94.96	96.74	99.62

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	72.91	78.01	85.35	90.45	97.79	102.89	110.23
Camarilla	89.27	90.41	91.55	92.69	93.83	94.97	96.11
Woodie	74.03	78.57	86.47	91.01	98.91	103.45	111.35
Fibonacci	78.01	82.76	85.70	90.45	95.20	98.14	102.89

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):	81.46
MACD (12,26,9):	4.8000
Directional Movement:	39.70
AROON (14):	78.57
DEMA (21):	99.17
Parabolic SAR (0,02-0,02-0,2):	88.62
Elder Ray (13):	17.88
Super Trend (3,10):	97.76
Zig ZAG (10):	116.89
VORTEX (21):	1.0700
Stochastique (14,3,5):	88.75
TEMA (21):	100.84
Williams %R (14):	-2.68
Chande Momentum Oscillator (20):	29.23
Repulse (5,40,3):	4.6200
ROCnROLL:	1
TRIX (15,9):	0.5800
Courbe Coppock:	16.47

MA7:	96.95
MA20:	93.13
MA50:	84.00
MA100:	76.01
MAexp7:	99.74
MAexp20:	93.19
MAexp50:	86.11
MAexp100:	80.04
Price / MA7:	+21.60%
Price / MA20:	+26.59%
Price / MA50:	+40.35%
Price / MA100:	+55.10%
Price / MAexp7:	+18.20%
Price / MAexp20:	+26.50%
Price / MAexp50:	+36.91%
Price / MAexp100:	+47.29%

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.

About author

Londinia AI

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