MARVELL TECHNOLOGY INC (MRVL) Stock Technical Analysis
USA - NASDAQ:MRVL - US5738741041 - Common Stock
67.35 USD
+0.76 (+1.14%)
67.03 USD
-0.32 (-0.48%)
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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, MRVL is a bad performer in the overall market: 79% of all stocks are doing better.
MRVL is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 67% of 112 stocks in the same industry do better.
MRVL 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.
MRVL has an average volume of 18913700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MRVL has a been trading in the 61.44 - 79.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MRVL has a poor technical rating and the quality of the setup is also only medium 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.
More info and screens
49.60
80.77
When analyzing the support we can see 2 important areas.
- A support zone ranging from 62.31 to 63.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @50.10 from a trend line in the weekly time frame.
5 important resistance areas can be observed.
- Resistance @67.36 from a horizontal line in the daily time frame.
- A resistance zone ranging from 69.16 to 70.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 72.81 to 73.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 77.16 to 77.34. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @79.97 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for MRVL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MRVL is down. |
| ChartMill Relative Strength | 21.38 | NEGATIVE | MRVL has a low relative strength, it was outperformed by 78.62% 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) | DOWN | NEGATIVE | The current price of MRVL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.46 | NEUTRAL | The RSI value for MRVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests MRVL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.48 | NEUTRAL | The Stochastics value for MRVL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.75 | MEDIUM VOLATILITY | The ATR as a percentage value for MRVL suggests some volalility. |
| Average Directional Index/ADX (14) | 17.89 | NEGATIVE | The low ADX value for MRVL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
67.35
+0.76 (+1.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg1.14%
1 Week6.35%
2 Weeks-12.79%
1 Month-14.79%
3 Month0.24%
6 Month-2.02%
12 Month-9.57%
2 Year24.42%
3 Year56.96%
5 Year69.65%
10 Year644.2%
15 Year284.64%
Volatility
ATR(14)3.17
ATR(20)%4.75%
ATR Inc-48.69%
Range Today1.61
ADR(20)2.56
ADR(20)%3.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.38
Mansfield-2.53
10 Day High68.52
10 Day Low61.44
20 Day High79.42
20 Day Low61.44
52 Week High127.48
52 Week Low47.08
CS1 End63.28
CR1 Start67.36
Volume & EV
DER(3)-0.43%
DER(5)0.92%
Volume14.87M
Volume Incr-13.43%
Vol(5)18.84M
Vol(50)18.91M