MARVELL TECHNOLOGY INC (MRVL) Stock Technical Analysis
NASDAQ:MRVL - US5738741041 - Common Stock
73 USD
+1.79 (+2.51%)
73.6301 USD
+0.63 (+0.86%)
Taking everything into account, MRVL scores 4 out of 10 in our technical rating. MRVL has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month MRVL has a been trading in the 68.54 - 85.27 range, which is quite wide. It is currently trading near the lows of this range.
MRVL has an average volume of 18869300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, MRVL outperforms 65% of them, which is more or less in line with the market.
MRVL is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry, MRVL did better than 60% 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.
MRVL has an average technical rating and it also 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.
More info and screens
49.51
82.56
We found 2 important support areas.
- Support @71.21 from a horizontal line in the daily time frame.
- Support @50.01 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 74.46 to 77.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @79.97 from a horizontal line in the daily time frame.
- Resistance @81.74 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 | NEUTRAL | NEUTRAL | The long term trend for MRVL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MRVL is neutral. |
| ChartMill Relative Strength | 65.79 | NEUTRAL | MRVL is not amongst the best or worst performers 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) | UP | MIXED | The current price of MRVL is below the rising 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) | 45.42 | NEUTRAL | The RSI value for MRVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.84 | NEGATIVE | The MACD value suggests MRVL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.39 | NEUTRAL | The Stochastics value for MRVL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.64 | MEDIUM VOLATILITY | The ATR as a percentage value for MRVL suggests some volalility. |
| Average Directional Index/ADX (14) | 15.12 | 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)
73
+1.79 (+2.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg2.51%
1 Week-4.19%
2 Weeks-5.61%
1 Month-1.63%
3 Month20.28%
6 Month-29.68%
12 Month1.61%
2 Year25.32%
3 Year55.92%
5 Year88.24%
10 Year547.74%
15 Year358.83%
Volatility
ATR(14)2.9
ATR(20)%4.64%
ATR Inc-4.38%
Range Today4.05
ADR(20)2.92
ADR(20)%4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.79
Mansfield-1.86
10 Day High80.06
10 Day Low68.54
20 Day High85.27
20 Day Low68.54
52 Week High127.48
52 Week Low47.08
CS1 End71.21
CR1 Start74.46
Volume & EV
DER(3)0.68%
DER(5)-0.03%
Volume14.44M
Volume Incr-9.03%
Vol(5)14.27M
Vol(50)18.87M