19MW Technical Analysis - MARVELL TECHNOLOGY INC

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to 19MW. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, 19MW is a bad performer.

100% of all other stocks performed better in the past year than 19MW.

19MW is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 85% of 57 stocks in the same industry do better.

Warning: 19MW has an average volume of 2361 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

In the last month 19MW has a been trading in the 52.00 - 77.01 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MARVELL TECHNOLOGY INC / 19MW Weekly stock chart

MARVELL TECHNOLOGY INC / 19MW Daily stock chart

Setup Rating and Analysis

Although 19MW has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

52.62

77.10

2 important support areas can be observed.

A support zone ranging from 55.69 to 56.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @53.15 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 76.32 to 76.34. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for 19MW.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for 19MW.MI is up.
ChartMill Relative Strength	0	NEGATIVE	19MW.MI has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of 19MW.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of 19MW.MI is above the rising SMA(50).
Relative Strength Index/RSI (14)	67.49	NEUTRAL	The RSI value for 19MW.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.54	POSITIVE	The MACD value suggests 19MW.MI has a positive trend.
Stochastics (14,3)	94.43	OVERBOUGHT	The high Stochastics value suggests 19MW.MI may be overbought.
Average True Range in percent/ATR (20)	5.52	HIGH VOLATILITY	The high ATR as a percentage value for 19MW.MI suggests high volalility.
Average Directional Index/ADX (14)	20.05	NEUTRAL	The ADX value for 19MW.MI suggests a possible start of a new trend.