MRVL -Setting up for a rallyMRVL is consolidating here. Build long position between 64-72 with stop loss 59
Target 1 - 85
Target 2 - 92
Target 3 - 100 (?)
0ACJ trade ideas
Marvell Pulls Back After Earnings RallyMarvell Technology surged on strong results last month. Now some traders may think the chip stock will continue higher.
The first pattern on today’s chart is the bullish gap on August 30 after the quarterly numbers. That may reflect positive sentiment in the name -- especially given its potential datacenter AI exposure.
Second is the series of lower highs since March. MRVL has remained near that falling trendline recently, which could suggest resistance is breaking.
Third, listless sideways movement this year has produced close proximity between its 50-, 100-day and 200-day simple moving average (SMAs). Does that create potential for prices to expand?
Finally, stochastics could be turning up from an oversold condition.
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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 70usd strike price Calls with
an expiration date of 2024-12-20,
for a premium of approximately $9.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Marvell forecasts revenue growth driven by AI productsMarvell Technology, Inc. has reported a remarkable 10% quarter-on-quarter revenue growth, primarily driven by robust demand for its artificial intelligence (AI) products. According to the company's recent press release, Marvell anticipates continued growth across all end markets, with an expected revenue increase of 14% for Q3.
Matt Murphy, chair and CEO of Marvell Technology, highlighted the strong demand for AI and electro-optical products as critical contributors to the company's growth. He remains optimistic about growth prospects in all company markets in the upcoming quarter.
Technical analysis of Marvell Technology, Inc. (NASDAQ: MRVL)
Analysing potential trading opportunities based on the technical setup of Marvell's stock:
Timeframe : four-hour (H4)
Current trend : the stock is currently in an upward trend, trading within a bullish price channel
Short-term target : the immediate upside target is at resistance at 85.55 USD
Medium-term target : breaking past the resistance at 72.95 USD could open the way for further growth, potentially reaching the yearly high of 98.65 USD
Key support : positioned at 60.55 USD
Reversal scenario : a break below the key support at 60.55 USD would negate the bullish scenario, possibly leading to a decline toward 46.55 USD
Market outlook
Marvell Technology's stock has rebounded strongly and is now testing the upper boundary of a descending correction channel. A breakout above this channel could signal the continuation of bullish momentum, with initial targets at 85.55 USD and an extended target of 98.65 USD. An additional bullish signal would be a breakout on the RSI resistance line. Conversely, a decline below the key support of 60.55 USD could indicate a bearish reversal, potentially pushing the stock down to 46.55 USD.
Investors should closely monitor Marvell's performance as it navigates through these growth phases, particularly its emphasis on AI and electro-optical products. The upcoming quarterly results and market reactions will provide further insights into the stock's trajectory.
76C 09/0671-72 needs to tested before getting on these calls. Patients is key, wait for the play to falls within your trap and than strike like a MF.
76-78C 09/6wait for a pullback to the retracement levels near 71-72 for a discount, or if you are an aggressive do you, but proceed with cautions.
Matrix MarvelZones of influence for potential support and or resistance forces. Especially looking for potential inflection points at any of the rectangles or breaks of the zones especially after they end.
Will provide updates with potential candlestick formation setups but overall the market in sync with the zones should provide through the price action the signs and tools the traders should look out for.
The "matrix" is designed in such a way to eliminate potential bias, regardless of the big gray rectangle lurking above, in order to encourage an open mind regarding what can happen while also providing elements to help navigate more easily potential future scenarios in the analysis process.
Marvell Technology (MRVL) Analysis Market Position and Growth Drivers:
Marvell Technology, a leader in semiconductor infrastructure solutions, is set for substantial growth due to increasing demand across sectors such as game consoles, printers, enterprise workstations, and AI servers.
AI and Data Center Expansion:
A key driver for NASDAQ:MRVL is the rising adoption of AI technology, fueling demand for data centers—Marvell's largest business segment, which accounted for 40% of its revenue last year. As AI infrastructure spending increases, Marvell is well-positioned to benefit, enhancing its revenue growth and stock performance.
Technological Edge:
Marvell's products are critical for AI-optimized data centers, offering interconnects and data transfer solutions necessary for high-performance computing systems. The company's custom AI component business is expected to ramp up significantly in the latter half of this year, with high-volume production anticipated in fiscal 2026.
Investment Outlook:
Bullish Outlook: We are bullish on MRVL above the $65.00-$66.00 range.
Upside Potential: With an upside target set at $103.00-$105.00, investors should consider Marvell's strategic position in AI and data centers as key drivers for future stock appreciation.
📊🔧 Monitor Marvell Technology for promising investment opportunities! #MRVL #Semiconductors 📈🔍
Basic AwarenessThis is no idea. They will wear their Marvel T-Shirts in Walmart after the boys have sold.
Marvell shares fell 11.33% on Weak Q1 Reports Marvell Technology ( NASDAQ:MRVL ) reported a significant increase in its data center division's first-quarter revenue, but this did not offset declines in other segments. The company warned in March that sales figures would likely disappoint, but said that its non-data center divisions should recover in the second half of the year. The total revenue for the quarter was $1.16 billion, narrowly above the $1.15 billion analysts expected due to strong demand for its artificial intelligence-related products.
Marvell ( NASDAQ:MRVL ) reported a wider-than-expected loss of $215.6 million, or 25 cents per share, as analyst estimates projected a quarterly loss of $196.6 million, or 20 cents per share. Last year, the company lost $168.9 million, or 20 cents per share, in the first quarter.
Marvel's ( NASDAQ:MRVL ) 87% jump in data center revenue to $816.4 million, largely fueled by its AI-related products, wasn't enough to offset declines in its other divisions, which ranged from 13% to 75% compared with last year. The company warned in March that the quarter's results would likely disappoint, but said the declines should be limited to the first quarter as businesses recover in the second half of the year.
Jefferies analysts raised their price target for Marvell stock ( NASDAQ:MRVL ) to $90 from $85, writing that recovery in the company's other divisions "should start to recover and layer on top of the AI business that currently acts as the primary driver of the stock." Marvell projects revenue within 5% of $1.25 billion for the current quarter, with a loss per share of 15 cents to 25 cents.
Technical Outlook
Marvell ( NASDAQ:MRVL ) stock is down 11.16% at $68.11 as of the time of writing trading below the 100- day Close Moving Average. The daily price chart shows a long Bearish Harami candle stick pattern which is a bearish reversal pattern.
The Relative Strength Index (RSI) however, remains strong moving steadily giving hopes for buyers to delve in.
Looming AI Power Stock?
NASDAQ:MRVL The Chip Designer Company is a must watch stock especially this week with the upcoming earnings report.
This is my strategy:
Using Bollinger Bands and Fibonacci Retracement, we see a consistent trade volume and slight increase in volatility as the price drops below the SMA and nears the lower band. The price is currently $76.68. We can expect it to reach a price target of $77.75 (test strategy here) for uptrend confirmation.
MARVELL - increased probability of appreciationAligning and approaching fibo clouds give support and impetus to the movement towards the targets described in the chart.
Risk management, an integral and indispensable part of this operation, provides for partial realization at the first target with subsequent movement of the stop loss line at the price that led to entry into the operation.
Risk/Return = 3
Updates on this and other operations will always be provided. Follow our profile if you want to receive them in real time.
$MRVLNot Financial advice.
NASDAQ:MRVL
Inside broadening formation it looks like bears are in control will possible go to fill gap in purple area.
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Thank you.
MRVL ShortI am bearish on MRVL here. I see head and shoulders here. I guess here will be consolidation and MRVL to touch 66
MRVL Long Target 88 $MRVL Long Target 88 $
Weekly TF :
There is a deformed H&S pattern which may effect a little by making the price fall to the sloping green TL. Otherwise, it will take off from here to target 88$ as the double bottom at 63.27$ is firmly intact
Stop loss at 71$
MRVL March 2024: A Fail TradeOn March 1, 24 I bought NASDAQ:MRVL (the purple arrow) as the stock broke out into its new 52-week high with relatively good volume after accumulation of nearly 2 months.
I then sold it on March 8, 24 as the stock down 11% after earnings.
It was a hard choice then because
I rarely sell something which is still above its own MA-10
Also, the stock is right at its MA-10, and just a little above the support.
I actually thought about waiting a little longer until the stock will go down the support to sell it. In that case I will lose an additional 4% which is also fine.
But I finally decided to sell for the following reasons.
It was among the first chip stocks sold down hard.
The volume on the down move was very strong, 2 times higher than the volume on break out.
MRVL Trading ideaMRVL is holding its channel support line and retesting it again and again. Follow the chart for further confirmation
MRVL Marvell Technology Options Ahead of EarningsIf you haven`t sold MRVL Marvell Technology before the previous earnings:
Then analyzing the options chain and the chart patterns of MRVL Marvell Technology prior to the earnings report this week,
I would consider purchasing the 72.5usd strike price in the money Calls with
an expiration date of 2024-3-15,
for a premium of approximately $8.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
MRVL has a melt-down trader reaction to mediocre earnings LONGMRVL on the 2H chart had been in a trend up since February 29th when it broke out of the
high volume area of the profile in a pre-earnings run . Earnings were reported and MRVL
more or less matched the analyst's forecasts. Price sold-off in the aftermath of trader
disappointment. I held a large position of both shares and options but sold off half of
the positions two days ago to capture some profits. I see MRVL as still above VWAP
and so in buying territory and now at a price level supported by the first upper anchored
VWAP line as well as the upper boundary of the high volume area. It is a strong stock which
I do not believe will make a full Fibonacci retracement. I will now add back into my
position half of what I sold a few days ago. and expect a bullish continuation. On a lower
time frame, I have guidance from the inside bars that price is printing in the after hours.
When regular trading arrives on Friday, I will buy call options for mid-April striking
$85 (OTM).
Marvell Technology Shares Drop On Weak Forecast Surged FridayIn the wake of Marvell Technology's ( NASDAQ:MRVL ) recent earnings report, investors find themselves at a crossroads, grappling with the reality of a weakened forecast and a sharp decline in stock value. The Santa Clara-based chipmaker, known for its contributions to cloud computing, automotive, and communications sectors, is facing turbulent times ahead, raising questions about its resilience and ability to navigate through the challenges.
The company's fiscal fourth-quarter earnings matched Wall Street's expectations, but its guidance for the upcoming quarter fell well below analysts' estimates. With adjusted earnings predicted at 23 cents a share on sales of $1.15 billion for the current quarter, Marvell's outlook has left investors disillusioned and uncertain about the company's trajectory.
Marvell's CEO, Matt Murphy, attributed the soft forecast to weakened demand across various sectors, including consumer electronics, carrier infrastructure, and enterprise networking. Despite the gloomy short-term outlook, Murphy remains cautiously optimistic, hinting at a potential recovery in the latter half of the fiscal year.
One bright spot amid the dim forecast is Marvell's ( NASDAQ:MRVL ) strong performance in the artificial intelligence (AI) segment. Murphy ( NASDAQ:MRVL ) highlighted AI-driven growth in the data center end-market, with revenue soaring 38% sequentially and 54% year over year. Marvell's strategic positioning as a key player in the AI infrastructure space could offer a glimmer of hope amidst the prevailing uncertainty.
However, challenges lie ahead, particularly in the face of intensifying competition and evolving market dynamics. As technological advancements continue to reshape the landscape, Marvell must adapt swiftly to stay ahead of the curve. The company's success hinges on its ability to innovate, diversify its product offerings, and capitalize on emerging opportunities.
In the aftermath of the earnings report, Marvell's ( NASDAQ:MRVL ) stock witnessed a sharp decline, shedding more than 5% in after-hours trading but shortly spiked with over 4.57%.
As Marvell Technology ( NASDAQ:MRVL ) navigates through choppy waters, investors are closely monitoring its strategic initiatives and execution capabilities. The company's ability to weather the storm and emerge stronger will ultimately determine its long-term success in an increasingly competitive landscape. With uncertainty looming large, the road ahead remains fraught with challenges, but for Marvell, the journey towards sustainable growth continues.
Is MRVL overextended ? SHORTMRVL on the 60 minute chart certainly had an impressive run for two days gaining 16%.
The chart however shows the bullish candles are decreasing in range and price is more than
two standard deviations above the mean VWAP and far outside the high volume area of
the volume profile. Bullish volatility fell to close the trading week on Friday afternoon.
My trade plan is to watch MRVL for consolidation and then a retracement of its bullish
move. A cross of the faster green RSI down under the slower red RSI will be the bearish
divergence to be seen to consider MRVL for a short trade.
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
MRVL - Long - 1:5RR This is a potential high probability setup on the MRLV.
Nasdaq supports the uptrend in multi timeframe.
