MRVL Bullish BiasReasons for bullish bias:
- Price break through recent resistance level
- Formation of C & H pattern
- No diversion
EP: 69.29
SL: 55.32
TP1: 83.26
M2RV34 trade ideas
MRVL - Long - 1:5RR This is a potential high probability setup on the MRLV.
Nasdaq supports the uptrend in multi timeframe.
Marvell Technology Short 4hHello Marvell Technology Short, I just found it. Red line stop, target is the GAP just under 50 usd. Get started immediately or in a few minutes. Good luck, update FOLLOWS
Marvell Technology Inc (MRVL)MRVL Has started its bullish course. I´m expecting it to give me a second Bullish entry.
But I've to wait for a clear bullish reversal pattern. I need to know if the IBH (Institutional, banks, and hedge funds) are buying too or I'll be their whale's fish.
MRVL: Updated ChartLast chart was quite a success. Price is currently heavily trending upwards, expecting a correction towards the trend lines. Next targets around $70, $75 and $80 as marked.
MRVL TargetsDespite the bearish RSI and Stochastic I'd see MRVL as a potential buy. Targeting next zones at $60, $63.5, $65 and $69.4.
MRVL Bounce From Covid LowsI have been tracking this company since October 2020's covid price low (retracement). The price fell back to $35 covid at the beginning of 2023 and formed the beginning of a large reversal signal by mid-year of 2023. Now, MRVL has given a new signal to go long.
Weekly:
Weekly MACD closed positive above the water line from November 13, 2023 and stayed positive. About, two months later, and this day on January 8, 2024, all the ichimoku lines are in place on the weekly chart this week for the first time since May 2022. The chikou span pierced above the cloud and there is a tenkan-kijun cross.
Daily:
Price retraced and chikou bounced from the cloud with price forming an engulfing pattern near or at 50ema, kijun, fib and average weekly range support. This also was a weekly BBT pullback on a daily chart. All things lining up made this a good trade to take.
I purchased on the pullback from 56 to 58. So, I am late to post. But, the price is right, and we have great room for error. I am aiming for 89 to 90.
MRVL: Bullish bias toward 90-100 range by the end of 2024If Marvell Technology's stock reaches the range of 47 to 53, there is an expected recovery in its value, potentially nearing the range of 90 to 100 by the end of 2024, approaching its previous peak once saw in December 2021.
MARVEL baby upIt sounds like you're describing a positive trend in the weekly and daily charts for a particular financial instrument. The price has successfully retraced, and you're currently above significant weekly and monthly levels. Given the upcoming holiday season, you anticipate a potential upward movement in prices. Your primary target is set at a historical weekly level. It's great to hear that you're finding opportunities and have a clear target in mind. Best of luck with your trading endeavors, and may the holiday season bring favorable market movements for you!
MRVL Marvell Technology Options Ahead of EarningsAnalyzing the options chain and the chart patterns of MRVL Marvell Technology prior to the earnings report this week,
I would consider purchasing the 57.50usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $3.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
MRVL fell after earnings beat & recovery REVERSALMRVL a technology stock beholden to the ebbs and tides of both the general markets
and the leaders of the tech sector fell on a mild earnings beat this is to say traders were
disappointed and responded with a 16% sell off from the pre-earnings run up.
I see MRVL potentially suitable for a retracement of half of the 16%. On the 30- minute
chart using both pivots as well as near and intermediate volume profiles I have marked
out important levels upside from the current market. Accordinly, there are three targets
I will close 50% of the position at the first 30% at the second and the remaining 20% at the
third. I see this as an 8-10% overall profit in a swing trade of about a week duration. If
the tech sector recovers next week from this current week, the profit could well be higher.
MRVL approaching significant supportMarvell Technology Inc. (MRVL) presently approaching significant support, able to absorb weekly selling pressures.
From here, (MRVL) can gain strength and push higher to channel resistance, eliciting gains of ~20% over the following 2 - 3 months.
A weekly settlement above this channel resistance would lead to a long-term buy signal into Q4.
Inversely, a weekly settlement below channel support would signal losses of 20% - 30% over the following 3 - 5 months.
$MRVL Game Plan July 31st 2023 NASDAQ:MRVL Game Plan for July 31, 2023:
Marvell Technology's stock has been upgraded from a Buy Candidate to a Strong Buy Candidate after the last trading session. The stock price gained 1.60% on the previous trading day, rising from $63.89 to $64.91. It has been in a strong rising trend in the short term, and further rise is anticipated.
The short and long-term Moving Averages give positive signals for the stock, and there is a buy signal from the 3-month Moving Average Convergence Divergence (MACD). However, there are also some negative signals, including a recent sell signal issued from a pivot top point.
The stock is expected to rise approximately 62.47% over the next 3 months, with a 90% probability of holding a price between $102.06 and $112.51 at the end of this period.
Support for the stock lies at $63.40, and it may offer a buying opportunity if the support level is tested. The risk is considered medium due to average daily movements and good trading volume. The recommended stop-loss is $62.64 (-3.49%).
For the upcoming trading day on Monday, July 31st, the stock is expected to open at $64.86 and may move between $62.86 and $66.96 during the day. The estimated trading interval is +/- $2.05 (+/-3.16%) from the last closing price.
Insiders have been selling more shares than buying in Marvell Technology, which can be considered a negative signal.
Overall, Marvell Technology Group Ltd. stock is considered a Strong Buy candidate due to several positive signals and its position within a strong rising trend. The analysis suggests further gains over the next 3 months.
NOTES:
Additionally, it's important to keep a close eye on the TVC:DXY (U.S. Dollar Index) and Nikkei as they may impact Marvell Technology's stock performance. The ideal scenario for Marvell Technology would be a sideways or downward movement in the TVC:DXY and a sideways or upward movement in the Nikkei.
If the Nikkei experiences a significant decline, it's advisable to consider only short positions for Marvell Technology's stock if the TVC:DXY simultaneously shows a strong upward movement (rips).
The relationship between these key financial indicators can have an influence on Marvell Technology's stock price, so monitoring their movements can help inform trading decisions.
Marvell Could Be Fighting HigherMarvell Technology has squeezed in a tight range for two months, and now traders may see potential for continuation to the upside.
The first pattern on today’s chart is the bullish gap on May 26 after earnings, revenue and guidance beat estimates. The chip company also predicted quick growth in Artificial Intelligence (AI). MRVL proceeded to move sideways throughout June and most of July, causing Bollinger Bandwidth to narrow. That tight volatility squeeze may create the potential for prices to expand.
Next, there could be signs of that expansion starting with the stock challenging its recent closing high.
Third is the succession of higher weekly lows.
Finally, prices have remained above the 8- and 21-day exponential moving averages (EMAs). That may reflect a bullish short-term trend.
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$MRVL NASDAQ:MRVL
Insider Buying - Marvell Technology, Inc. (NASDAQ:MRVL) Stock Holdings Boosted by United Capital Management of KS Inc.- According to their recent 13F filing with the Securities & Exchange Commission, United Capital Management of KS Inc. increased their stake in Marvell Technology, Inc. (NASDAQ: MRVL - Free Report) by 6.2% during the 1st quarter. The institutional investor now holds 30,797 shares of the semiconductor company, acquiring an additional 1,790 shares during the quarter. At the end of the reporting period, United Capital Management of KS Inc.'s holdings in Marvell Technology were valued at $1,333,000.
$MRVL possible long here on breakout of Flag! On Friday, July 7th, 2023, the stock price of Marvell Technology experienced a gain of 0.561%. It started the day at $58.82 and closed at $59.15. Throughout the trading day, the stock fluctuated by 2.17%, reaching a low of $58.98 and a high of $60.26.
Analyzing the past 10 days, the stock price has fallen in 6 of those days. However, despite these fluctuations, it has managed to stay slightly positive with a 0.05% increase over the past 2 weeks.
During the last trading day, the volume of shares traded decreased by 1 million shares. In total, 9 million shares were bought and sold, amounting to approximately $528.72 million in transactions.
It is important to note that a decrease in volume accompanied by higher prices can indicate divergence and potentially signal forthcoming changes in the following days.
$MRVL Flag ! Possible Breakout Long On Friday, July 7th, 2023, the stock price of Marvell Technology experienced a gain of 0.561%. It started the day at $58.82 and closed at $59.15. Throughout the trading day, the stock fluctuated by 2.17%, reaching a low of $58.98 and a high of $60.26.
Analyzing the past 10 days, the stock price has fallen in 6 of those days. However, despite these fluctuations, it has managed to stay slightly positive with a 0.05% increase over the past 2 weeks.
During the last trading day, the volume of shares traded decreased by 1 million shares. In total, 9 million shares were bought and sold, amounting to approximately $528.72 million in transactions.
It is important to note that a decrease in volume accompanied by higher prices can indicate divergence and potentially signal forthcoming changes in the following days.
Long Trade in MRVLMarvell is a leading semiconductor stock whose products are used heavily in artificial intelligence applications.
The stock surged 40% in two days following a good earnings report and shares have consolidated in a tight range ever since.
Shares tried to breach the low of the base on June 23, and we saw nice buying to support the price.
Volume remains low and price action is shallowing out nicely.
Consider buying on a break above the short-term pivot (dashed line on chart) at 61.50.
As long as the stock does not make a new low before then, you can use the June 23 low for a stop loss to risk roughly 8% on the trade.
MRVL - Nice Bullish Setup.MRVL forming a nice bullish setup.
1. PEG candidate
2. Respected 21 EMA ( one of the traits of strong stocks)
3. Took support at 38% fib.
4. Flag breakout.
MRVL,12d+/-28.8%falling cycle -28.8% more than 12 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
MRVL - Breakout Falling Trend Channel🔹MRVL has broken through the ceiling of a falling trend channel in the medium long term.
🔹MRVL has broken the resistance at 52.82 of a rectangle pattern, which signals a further rise.
🔹The short term momentum of the stock is strongly positive, with RSI above 70.
🔹Overall assessed as technically positive for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
Roadmap for MRVLBlue solid lines are established downtrends, green dotted lines are established uptrends. Both the uptrend and downtrend lines are established from equilibrium points, (not highs and lows). Thickness of lines illustrates strength of previous price action. Circles are the crossing of uptrend and downtrend (Crossfire Points), usually resulting in reactions.
MRVL DCA - Rectangle PatternCompany: Marvell Technology Group Ltd.
Ticker: MRVL
Exchange: NASDAQ
Sector: Technology
Introduction:
Greetings, fellow traders and investors! Today, we're diving into the daily scale chart of Marvell Technology Group Ltd. (MRVL), particularly observing a potential rectangle pattern that has formed after a clear downtrend.
Rectangle Pattern:
The rectangle pattern typically represents a period of consolidation, where price moves within a range between parallel support and resistance levels. It can be a bullish or bearish signal, with the trend direction determined by the eventual breakout.
Analysis:
Marvell Technology's stock has been consolidating in a rectangle pattern for about 225 days, with the price currently above the 200 EMA. The upper boundary of this rectangle is at $49.30, while the lower boundary is at $35.67. Both these boundaries have seen two touch points each.
Our focus now is on observing if the price can breach the upper boundary. As of now, Marvell Technology remains on our watchlist, showcasing potential for future movement.
Should a breakout occur above the upper boundary, we could be looking at a price target of $67.87. This implies a potential price increase of roughly 27.5%.
Conclusion:
Marvell Technology's daily chart points towards a consolidation phase, characterized by a potential rectangle pattern. A valid breakout above the rectangle's upper boundary could set off a bullish trend, offering a promising long position opportunity.
As always, please conduct your own due diligence and consider risk management strategies before making investment decisions.
If you found this analysis insightful, don't hesitate to like, share, and follow for more market updates. Happy trading!
Best regards,
Karim Subhieh
