MRVL Technical Analysis - MARVELL TECHNOLOGY INC

Technical Rating and Analysis

Overall MRVL gets a technical rating of 9 out of 10. Both in the recent history as in the last year, MRVL has proven to be a steady performer, scoring decent points in every aspect analyzed.

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

When comparing the yearly performance of all stocks, we notice that MRVL is one of the better performing stocks in the market, outperforming 76% of all stocks.

In the last month MRVL has a been trading in the 63.07 - 87.31 range, which is quite wide. It is currently trading near the high of this range.

MRVL has an average volume of 22063600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

MRVL is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, MRVL did better than 56% of them.

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.

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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 / MRVL Weekly stock chart

MARVELL TECHNOLOGY INC / MRVL Daily stock chart

Setup Rating and Analysis

Although MRVL 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

64.72

87.08

3 important support areas can be observed.

A support zone ranging from 82.00 to 82.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 74.39 to 75.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 65.37 to 66.06. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 MRVL is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MRVL is up.
ChartMill Relative Strength	76.73	POSITIVE	MRVL has a high relative strength, it outperformed 76.73% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MRVL is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of MRVL is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of MRVL is above a declining SMA(200).
Relative Strength Index/RSI (14)	72.4	OVERBOUGHT	The high RSI value suggests MRVL may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.42	POSITIVE	The MACD value suggests MRVL has a positive trend, although the MACD value is declining.
Stochastics (14,3)	94.3	OVERBOUGHT	The high Stochastics value suggests MRVL may be overbought.
Average True Range in percent/ATR (20)	3.54	MEDIUM VOLATILITY	The ATR as a percentage value for MRVL suggests some volalility.
Average Directional Index/ADX (14)	31.45	POSITIVE	The high ADX value value for MRVL suggests a strong trend.