MARVELL TECHNOLOGY INC (MRVL) Stock Technical Analysis
NASDAQ:MRVL - Nasdaq - US5738741041 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to MRVL. Recently some decent action could be observed, but in the medium term time frame this is still negative. MRVL was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, MRVL is a bad performer in the overall market: 71% of all stocks are doing better.
MRVL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MRVL is lagging the market.
In the last month MRVL has a been trading in the 58.61 - 71.23 range, which is quite wide. It is currently trading near the high of this range.
MRVL has an average volume of 20452300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
MRVL is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry, MRVL did better than 59% of them.
MRVL has an average technical rating and the quality of the presented setup is also not ideal 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
49.22
70.34
We found 3 important support areas.
- A support zone ranging from 64.05 to 64.47. 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 59.98 to 60.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @49.72 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @68.35 from a horizontal line in the weekly time frame.
- Resistance @69.64 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 | UP | POSITIVE | The short term trend for MRVL is up. |
| ChartMill Relative Strength | 29.03 | NEGATIVE | MRVL has a low relative strength, it was outperformed by 70.97% 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 | NEGATIVE | The current price of MRVL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.98 | NEUTRAL | The RSI value for MRVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests MRVL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.2 | NEUTRAL | The Stochastics value for MRVL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.67 | MEDIUM VOLATILITY | The ATR as a percentage value for MRVL suggests some volalility. |
| Average Directional Index/ADX (14) | 20.24 | NEUTRAL | The ADX value for MRVL suggests a possible start of a new 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)
67.19
-2.45 (-3.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-3.52%
1 Week-1.7%
2 Weeks11.63%
1 Month3.05%
3 Month-2.25%
6 Month-44.37%
12 Month-8.3%
2 Year12.4%
3 Year54.35%
5 Year91.64%
10 Year409.4%
15 Year326.33%
Volatility
ATR(14)3.35
ATR(20)%4.67%
ATR Inc-26.73%
Range Today2
ADR(20)2.63
ADR(20)%3.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.03
Mansfield-1.96
10 Day High71.24
10 Day Low59.53
20 Day High71.24
20 Day Low58.61
52 Week High127.48
52 Week Low47.08
CS1 End64.47
CR1 Start68.35
Volume & EV
DER(3)0.96%
DER(5)-0.06%
Volume14.16M
Volume Incr-31.45%
Vol(5)14.84M
Vol(50)20.45M