Taking everything into account, MRVL scores 0 out of 10 in our technical rating. MRVL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, MRVL is a bad performer in the overall market: 86% of all stocks are doing better.
- MRVL is part of the Semiconductors & Semiconductor Equipment industry. There are 113 other stocks in this industry, of which 83% are performing better than MRVL.
- MRVL is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- MRVL has an average volume of 17027200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- MRVL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MRVL is lagging the market.
MRVL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 83.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 81.54, a Stop Loss order could be placed below this zone.
More info and screens
75.31
2 important support areas can be observed.
- A support zone ranging from 80.23 to 81.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 76.07 to 77.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 83.58 to 83.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 89.39 to 90.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @94.41 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for MRVL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MRVL is down. |
| ChartMill Relative Strength | 14.18 | NEGATIVE | MRVL has a low relative strength, it was outperformed by 85.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MRVL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MRVL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MRVL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.82 | NEUTRAL | The RSI value for MRVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests MRVL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.66 | OVERSOLD | The low Stochastics value suggests MRVL may be oversold. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for MRVL suggests some volalility. |
| Average Directional Index/ADX (14) | 10.99 | NEGATIVE | The low ADX value for MRVL suggests a weak or negative trend. |
81.77
+1.54 (+1.92%)
MARVELL TECHNOLOGY INC / MRVL FAQ
What is the technical rating for MRVL stock?
ChartMill assigns a technical rating of 0 / 10 to MRVL.
What is the trend direction for MRVL stock?
The current trend direction for MARVELL TECHNOLOGY INC (MRVL) is Bearish.
Can you provide the RSI signal for MARVELL TECHNOLOGY INC?
MARVELL TECHNOLOGY INC (MRVL) has an RSI value of 44.8189. This indicates that the stock is currently neutral.
What is the short term momentum for MARVELL TECHNOLOGY INC (MRVL) stock?
The short term momentum for MARVELL TECHNOLOGY INC (MRVL) is negative.