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(MRVL) Marvell Technology complete technical analysis [charts+indicators] | Buy/Sell Marvell Technology | (MRVL) share price targets

Complete technical analysis of Marvell Technology (MRVL) by charts plus indicators, forecast predictions and share price targets for Marvell Technology (MRVL)

Marvell Technology trades in USA in Technology sector.

10 day averaged volume of Marvell Technology is 9274096

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 73.08 70.79 74.55 70.77 1.832 times
15 Wed May 2024 70.15 68.95 70.18 68.18 1.078 times
14 Tue May 2024 68.02 68.45 69.00 66.97 0.999 times
13 Mon May 2024 69.02 69.00 70.53 68.85 0.567 times
10 Fri May 2024 68.47 68.17 69.40 67.86 0.915 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 73.3, for a target of 70.1 or 67.38

Share price targets for Marvell Technology (MRVL)

Target Type Value
Downside Target 55.63
Downside Target 61.72
Downside Target 63.34
Downside Target 66.97
Downside Target 69.74
Downside Target 71.78
Downside Target 72.86
Upside Target 73.53
Upside Target 74.55
Upside Target 76.29
Upside Target 85.76

Intraday share price targets for Marvell Technology (MRVL)

Target Type Value
Downside Intraday Target 68.52
Downside Intraday Target 63.95
Upside Intraday Target 76.1
Upside Intraday Target 79.11
Downside Intraday Target 71.53

Weekly technical analysis of Marvell Technology (MRVL)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 73.08 69.00 74.55 66.97 0.983 times
10 Fri May 2024 68.47 69.32 69.97 67.52 0.768 times
03 Fri May 2024 68.51 69.56 70.09 63.34 1.057 times
26 Fri Apr 2024 69.62 62.78 69.74 61.72 0.903 times
19 Fri Apr 2024 62.13 71.16 71.78 61.94 0.806 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Marvell Technology (MRVL)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 73.08 64.49 74.55 63.34 0.45 times
30 Tue Apr 2024 65.91 71.49 76.29 61.72 0.693 times
28 Thu Mar 2024 70.88 73.99 85.76 63.46 1.551 times
29 Thu Feb 2024 71.66 68.20 72.86 63.53 0.868 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Marvell Technology (MRVL)

Indicator Name Indicator Value Indicator Signal
ADX 40, 21, 32 Buy
MACD 1, -0Buy
Stochastics 80Buy
CCI 265Buy
RSI 53Buy
OBV 25977359Sell
VWAP 69Buy
ADL 0Sell
ROC 10Buy
Force Index 0Sell

Price action analysis of Marvell Technology ( (MRVL) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Marvell Technology ( (MRVL) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Marvell Technology ( (MRVL) ) based on a short to mid term time period is

Price action analysis of Marvell Technology ( (MRVL) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Marvell Technology stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Marvell Technology in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Marvell Technology Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Marvell Technology in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Marvell Technology is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 69.46 and Marvell Technology (MRVL) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Marvell Technology (MRVL) stock. Volume based technical analysis of Marvell Technology (MRVL) stock is negative.

Marvell Technology Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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