MARVELL TECHNOLOGY INC (MRVL) Stock Technical Analysis
USA - NASDAQ:MRVL - US5738741041 - Common Stock
Overall MRVL gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MRVL is only an average performer.
Besides having an excellent technical rating, MRVL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 88.58. Right above this resistance zone may be a good entry point.
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67.33
When analyzing the support we can see 3 important areas.
- A support zone ranging from 84.13 to 84.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 80.04 to 81.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 68.01 to 68.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 88.58 to 89.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 68.05 | NEUTRAL | MRVL is not amongst the best or worst performers 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) | 57.44 | NEUTRAL | The RSI value for MRVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests MRVL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 69.24 | NEUTRAL | The Stochastics value for MRVL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.35 | MEDIUM VOLATILITY | The ATR as a percentage value for MRVL suggests some volalility. |
| Average Directional Index/ADX (14) | 20.51 | NEUTRAL | The ADX value for MRVL suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 89.49 | 84.12 | 5.37 (6.00%) | 16.66% |
| An entry @89.49. This is a Buy Stop order right above the resistance zone. | An exit @84.12. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.37 points, which is 6.00%. | When investing 16.66% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
88.57
-1.58 (-1.75%)
MARVELL TECHNOLOGY INC / MRVL FAQ
What is the technical rating for MRVL stock?
ChartMill assigns a technical rating of 8 / 10 to MRVL.
What is the current trend direction of MARVELL TECHNOLOGY INC (MRVL) stock?
The current trend direction for MARVELL TECHNOLOGY INC (MRVL) is Bullish.
What is the RSI signal for MRVL stock?
MARVELL TECHNOLOGY INC (MRVL) has an RSI value of 57.441. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MARVELL TECHNOLOGY INC?
The short term momentum for MARVELL TECHNOLOGY INC (MRVL) is positive.
Can you provide the buy/sell signal for MARVELL TECHNOLOGY INC?
The buy/sell signal for MARVELL TECHNOLOGY INC (MRVL) is buy as both the short term and long term trends are positive.