MRVI Technical Analysis - MARAVAI LIFESCIENCES HLDGS-A

Technical Rating and Analysis

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

76% of all other stocks performed better in the past year than MRVI.

MRVI is part of the Life Sciences Tools & Services industry. There are 56 other stocks in this industry, of which 60% are performing better than MRVI.

MRVI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

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

In the last month MRVI has a been trading in the 2.59 - 3.65 range, which is quite wide. It is currently trading near the high of this range.

MRVI has an average volume of 1473890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MARAVAI LIFESCIENCES HLDGS-A / MRVI Weekly stock chart

MARAVAI LIFESCIENCES HLDGS-A / MRVI Daily stock chart

Setup Rating and Analysis

Although MRVI has an excellent technical rating, it does not present a decent entry opportunity 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

1.99

3.54

When analyzing the support we can see 5 important areas.

Support @3.18 from a horizontal line in the daily time frame.
Support @2.98 from a trend line in the daily time frame.
Support @2.47 from a trend line in the weekly time frame.
Support @2.22 from a trend line in the daily time frame.
Support @2.01 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 3.48 to 3.50. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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 MRVI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MRVI is up.
ChartMill Relative Strength	24	NEGATIVE	MRVI has a low relative strength, it was outperformed by 76% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MRVI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of MRVI is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of MRVI is above a declining SMA(200).
Relative Strength Index/RSI (14)	68.9	NEUTRAL	The RSI value for MRVI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests MRVI has a positive trend.
Stochastics (14,3)	81.19	OVERBOUGHT	The high Stochastics value suggests MRVI may be overbought.
Average True Range in percent/ATR (20)	5.76	HIGH VOLATILITY	The high ATR as a percentage value for MRVI suggests high volalility.
Average Directional Index/ADX (14)	38.41	POSITIVE	The high ADX value value for MRVI suggests a strong trend.