MARVELL TECHNOLOGY INC. - 1H - Technical analysis published on 07/19/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 51.08 USD
My targets
54.09 USD (+3.88%)
55.77 USD (+7.10%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MARVELL TECHNOLOGY INC. as long as the price remains well above 51.08 USD. The buyers' bullish objective is set at 54.09 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 55.77 USD. If there is any crossing, the next objective would be the resistance located at 61.28 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MARVELL TECHNOLOGY INC. rating 52.07 USD. On the day, this instrument gained +7.10% and was between 49.52 USD and 52.07 USD. This implies that the price is at +5.15% from its lowest and at 0% from its highest.49.52
52.07
52.07
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this MARVELL TECHNOLOGY INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 45.05 | 46.99 | 49.09 | 52.07 | 54.09 | 61.28 | 75.99 |
| Change (%) | -13.48% | -9.76% | -5.72% | - | +3.88% | +17.69% | +45.94% |
| Change | -7.02 | -5.08 | -2.98 | - | +2.02 | +9.21 | +23.92 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.27 | 46.86 | 47.74 | 49.33 | 50.21 | 51.80 | 52.68 |
| Camarilla | 47.94 | 48.17 | 48.39 | 48.62 | 48.85 | 49.07 | 49.30 |
| Woodie | 44.92 | 46.68 | 47.39 | 49.15 | 49.86 | 51.62 | 52.33 |
| Fibonacci | 46.86 | 47.80 | 48.39 | 49.33 | 50.27 | 50.86 | 51.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.29 | 42.72 | 45.47 | 46.90 | 49.65 | 51.08 | 53.83 |
| Camarilla | 47.07 | 47.45 | 47.84 | 48.22 | 48.60 | 48.99 | 49.37 |
| Woodie | 41.95 | 43.05 | 46.13 | 47.23 | 50.31 | 51.41 | 54.49 |
| Fibonacci | 42.72 | 44.32 | 45.30 | 46.90 | 48.50 | 49.48 | 51.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.89 | 30.18 | 36.83 | 49.12 | 55.77 | 68.06 | 74.71 |
| Camarilla | 38.26 | 40.00 | 41.73 | 43.47 | 45.21 | 46.94 | 48.68 |
| Woodie | 15.06 | 28.77 | 34.00 | 47.71 | 52.94 | 66.65 | 71.88 |
| Fibonacci | 30.18 | 37.42 | 41.89 | 49.12 | 56.36 | 60.83 | 68.06 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 73.07 | |
| MACD (12,26,9): | 1.1800 | |
| Directional Movement: | 28.63 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 50.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 48.56 | |
| Elder Ray (13): | 1.51 | |
| Super Trend (3,10): | 49.11 | |
| Zig ZAG (10): | 51.84 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 95.71 | |
| TEMA (21): | 51.34 | |
| Williams %R (14): | -0.49 | |
| Chande Momentum Oscillator (20): | 3.59 | |
| Repulse (5,40,3): | 2.9900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3100 | |
| Courbe Coppock: | 11.70 |
| MA7: | 47.52 | |
| MA20: | 46.18 | |
| MA50: | 51.42 | |
| MA100: | 58.37 | |
| MAexp7: | 50.68 | |
| MAexp20: | 49.34 | |
| MAexp50: | 47.75 | |
| MAexp100: | 47.22 | |
| Price / MA7: | +9.57% | |
| Price / MA20: | +12.75% | |
| Price / MA50: | +1.26% | |
| Price / MA100: | -10.79% | |
| Price / MAexp7: | +2.74% | |
| Price / MAexp20: | +5.53% | |
| Price / MAexp50: | +9.05% | |
| Price / MAexp100: | +10.27% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on MARVELL TECHNOLOGY INC. at the time of the generation of this analysis was as follows:
- Marvell Technology, Inc. Declares Quarterly Dividend Payment
- Thinking about trading options or stock in GameStop, Marvell Technology, Ulta Beauty, Tesla, or Alibaba?
- Marvell Technology, Inc. Reports First Quarter of Fiscal Year 2023 Financial Results
- Marvell Technology, Inc. Announces Conference Call to Review First Quarter of Fiscal Year 2023 Financial Results
- Marvell Technology, Inc. Reports Fourth Quarter and Fiscal Year 2022 Financial Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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