MARVELL TECHNOLOGY INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	MRVL
ISIN:	BMG5876H1051

MARVELL TECHNOLOGY INC. - 1H - Technical analysis published on 10/14/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 75.95 USD

My targets

78.20 USD (+0.97%)

78.30 USD (+1.09%)

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 75.95 USD. The buyers' bullish objective is set at 78.20 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 78.30 USD. If there is any crossing, the next objective would be the resistance located at 84.88 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

8.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

The MARVELL TECHNOLOGY INC. rating is 77.45 USD. On the day, this instrument gained +4.65% and was between 74.55 USD and 77.58 USD. This implies that the price is at +3.89% from its lowest and at -0.17% from its highest.

74.55

77.58

77.45

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of MARVELL TECHNOLOGY INC. indicates that the overall trend is strongly bullish. 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 scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
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

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	73.41	74.77	75.95	77.45	78.20	84.88	90.30
Change (%)	-5.22%	-3.46%	-1.94%	-	+0.97%	+9.59%	+16.59%
Change	-4.04	-2.68	-1.50	-	+0.75	+7.43	+12.85
Level	Major	Intermediate	Minor	-	Major	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	69.61	70.69	72.35	73.43	75.09	76.17	77.83
Camarilla	73.26	73.51	73.76	74.01	74.26	74.51	74.76
Woodie	69.90	70.84	72.64	73.58	75.38	76.32	78.12
Fibonacci	70.69	71.74	72.38	73.43	74.48	75.12	76.17

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	69.03	70.22	72.12	73.31	75.21	76.40	78.30
Camarilla	73.16	73.44	73.73	74.01	74.29	74.58	74.86
Woodie	69.38	70.40	72.47	73.49	75.56	76.58	78.65
Fibonacci	70.22	71.40	72.13	73.31	74.49	75.22	76.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	55.89	60.68	66.37	71.16	76.85	81.64	87.33
Camarilla	69.18	70.14	71.10	72.06	73.02	73.98	74.94
Woodie	56.34	60.91	66.82	71.39	77.30	81.87	87.78
Fibonacci	60.68	64.68	67.16	71.16	75.16	77.64	81.64

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):	73.57
MACD (12,26,9):	0.9900
Directional Movement:	22.90
AROON (14):	57.14
DEMA (21):	75.56
Parabolic SAR (0,02-0,02-0,2):	74.65
Elder Ray (13):	1.74
Super Trend (3,10):	74.19
Zig ZAG (10):	76.96
VORTEX (21):	1.2000
Stochastique (14,3,5):	93.59
TEMA (21):	76.32
Williams %R (14):	-6.32
Chande Momentum Oscillator (20):	4.40
Repulse (5,40,3):	1.6300
ROCnROLL:	1
TRIX (15,9):	0.1000
Courbe Coppock:	9.17

MA7:	73.76
MA20:	72.69
MA50:	69.86
MA100:	70.02
MAexp7:	75.94
MAexp20:	74.47
MAexp50:	73.50
MAexp100:	72.91
Price / MA7:	+5.00%
Price / MA20:	+6.55%
Price / MA50:	+10.86%
Price / MA100:	+10.61%
Price / MAexp7:	+1.99%
Price / MAexp20:	+4.00%
Price / MAexp50:	+5.37%
Price / MAexp100:	+6.23%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on MARVELL TECHNOLOGY INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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