MARVELL TECHNOLOGY INC (MRVL) Technical Analysis
NASDAQ:MRVL • US5738741041
Current stock price
109.51 USD
+2.4 (+2.24%)
At close:
107.707 USD
-1.8 (-1.65%)
After Hours:
MRVL Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to MRVL. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MRVL is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, MRVL did better than 93% of all other stocks. On top of that, MRVL also shows a nice and consistent pattern of rising prices.
- A new 52 week high is currently being made by MRVL, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so MRVL is leading the market.
- In the last month MRVL has a been trading in the 84.20 - 111.89 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- MRVL has an average volume of 19149900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- MRVL is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, MRVL did better than 65% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MRVL Weekly and Daily overview Charts
MRVL Setup Rating and Analysis
Although MRVL has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
MRVL Support and Resistance Analysis
72.99
110.62
6 important support areas can be observed.
- A support zone ranging from 90.66 to 91.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @87.62 from a horizontal line in the daily time frame.
- Support @83.34 from a trend line in the weekly time frame.
- Support @81.74 from a horizontal line in the daily time frame.
- Support @78.15 from a trend line in the daily time frame.
- Support @73.73 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 109.52 to 109.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
MRVL Technical Indicator Signal Analysis
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 | 93.46 | POSITIVE | MRVL has a high relative strength, it outperformed 93.46% 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) | UP | POSITIVE | The current price of MRVL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.19 | NEUTRAL | The RSI value for MRVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.63 | POSITIVE | The MACD value suggests MRVL has a positive trend. |
| Stochastics (14,3) | 94.31 | OVERBOUGHT | The high Stochastics value suggests MRVL may be overbought. |
| Average True Range in percent/ATR (20) | 5.08 | HIGH VOLATILITY | The high ATR as a percentage value for MRVL suggests high volalility. |
| Average Directional Index/ADX (14) | 17.01 | NEGATIVE | The low ADX value for MRVL suggests a weak or negative trend. |
MRVL Chart- and CandleStick Pattern Analysis
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)
MRVL Technicals: Chart, Performance Metrics, Trend & Indicators
109.51
+2.4 (+2.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg2.24%
1 Week15.42%
2 Weeks24.57%
1 Month22.26%
3 Month31.59%
6 Month27.92%
12 Month105.11%
2 Year66.15%
3 Year177.38%
5 Year142.23%
10 Year997.3%
15 Year609.72%
Volatility
ATR(14)5.93
ATR(20)%5.08%
ATR Inc6.1%
Range Today5.89
ADR(20)5.03
ADR(20)%4.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.46
3 months CRS95.3
6 months CRS89.28
Mansfield3.68
10 Day High111.89
10 Day Low86.61
20 Day High111.89
20 Day Low84.2
52 Week High111.89
52 Week Low48.09
CS1 End91.79
CR1 Start109.52
Volume & EV
DER(3)1.98%
DER(5)0.61%
Volume22.70M
Volume Incr39.25%
Vol(5)32.64M
Vol(50)19.15M
MARVELL TECHNOLOGY INC / MRVL TA FAQ
What is the technical rating for MRVL stock?
ChartMill assigns a technical rating of 10 / 10 to MRVL.
What is the trend direction for MRVL stock?
The current trend direction for MARVELL TECHNOLOGY INC (MRVL) is Bullish.
What is the RSI signal for MARVELL TECHNOLOGY INC (MRVL) stock?
MARVELL TECHNOLOGY INC (MRVL) has an RSI value of 69.1939. This indicates that the stock is currently neutral.
What is the MACD signal for MRVL stock?
The MACD indicator for MARVELL TECHNOLOGY INC (MRVL) has a value of 1.62951, indicating a bullish trend.
What is the short term momentum for MARVELL TECHNOLOGY INC (MRVL) stock?
The short term momentum for MARVELL TECHNOLOGY INC (MRVL) is positive.