MARVELL TECHNOLOGY INC (MRVL) Stock Technical Analysis
USA - NASDAQ:MRVL - US5738741041 - Common Stock
Taking everything into account, MRVL scores 8 out of 10 in our technical rating. Although MRVL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
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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67.47
When analyzing the support we can see 3 important areas.
- A support zone ranging from 84.13 to 84.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 80.78 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 68.15 to 68.62. 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 | 77.6 | POSITIVE | MRVL has a high relative strength, it outperformed 77.6% 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) | 64.37 | NEUTRAL | The RSI value for MRVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests MRVL has a positive trend. |
| Stochastics (14,3) | 75.59 | NEUTRAL | The Stochastics value for MRVL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.47 | MEDIUM VOLATILITY | The ATR as a percentage value for MRVL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.6 | NEUTRAL | The ADX value for MRVL suggests a possible start of a new trend. |
93.74
+5.17 (+5.84%)
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 64.3657. 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.