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 12/04/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 103.70 USD

My targets

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 103.70 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

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 118.39 USD. The price registered an increase of +23.44% on the session and was traded between 109.60 USD and 119.88 USD over the period. The price is currently at +8.02% from its lowest and -1.24% from its highest.

109.60

119.88

118.39

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

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 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

A technical analysis in 1H of this MARVELL TECHNOLOGY INC. chart shows a strongly 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

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

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	90.30	93.94	98.72	118.39
Change (%)	-23.73%	-20.65%	-16.61%	-
Change	-28.09	-24.45	-19.67	-
Level	Major	Major	Intermediate	-

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

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

Technical indicators

Moving averages

RSI (14):	84.75
MACD (12,26,9):	6.6000
Directional Movement:	47.63
AROON (14):	57.15
DEMA (21):	114.19
Parabolic SAR (0,02-0,02-0,2):	110.10
Elder Ray (13):	8.02
Super Trend (3,10):	110.69
Zig ZAG (10):	118.19
VORTEX (21):	1.1700
Stochastique (14,3,5):	94.53
TEMA (21):	118.70
Williams %R (14):	-7.26
Chande Momentum Oscillator (20):	20.49
Repulse (5,40,3):	-0.0200
ROCnROLL:	1
TRIX (15,9):	0.6900
Courbe Coppock:	39.07

MA7:	96.99
MA20:	93.20
MA50:	84.04
MA100:	76.02
MAexp7:	114.92
MAexp20:	106.46
MAexp50:	99.41
MAexp100:	95.28
Price / MA7:	+22.06%
Price / MA20:	+27.03%
Price / MA50:	+40.87%
Price / MA100:	+55.74%
Price / MAexp7:	+3.02%
Price / MAexp20:	+11.21%
Price / MAexp50:	+19.09%
Price / MAexp100:	+24.25%

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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