Stock Analysis: Marvell Technology Inc (MRVL)

Stock Analysis for Marvell Technology Inc (MRVL)

The Interpreter
Hey Friend, I'm analysing MARVELL TECHNOLOGY INC (MRVL), and it is between the Support of $ 67.31 (Pivot) and the Resistance of $ 71.29 (PivotR1). The stock is also approaching the line of PivotR1 at $ 71.29, and if it goes above this line it could reach the next Resistance of Triangle projection at $75.81.

Marvell Technology Inc (MRVL)

$ 68.51 +2.8%

Last Close 03-May-24

Trade MRVL Now

Supports

Next Support: $ 67.31

Pivot: $ 67.31
Fibonacci 200%: $ 65.94
Triangle Level (1): $ 66.90

Resistances

Next Resistance: $ 71.29

Pivot R1: $ 71.29
Triangle Level (0): $ 75.81

Supports and Resistances

Click to Enlarge

Candlesticks, "48-hour" Trade Signals +

Date	Price $	Result %	Candle Name	Side
001 02 May 2024	Buy Price: 66.67	Profit: Open Day1 ($ 69.02)	Abandoned Baby	Buy
002 10 Apr 2024	Sell Price: 71.43	Profit: Open Day2 ($ 70.05)	Abandoned Baby	Sell
003 26 Mar 2024	Buy Price: 68.26	Profit: Open Day1 ($ 71.55)	Abandoned Baby	Buy
004 22 Mar 2024	Sell Price: 66.54	Profit: Open Day1 ($ 65.56)	Abandoned Baby	Sell
005 19 Mar 2024	Sell Price: 65.06	Profit: Open Day1 ($ 65.04)	Abandoned Baby	Sell
006 05 Mar 2024	Sell Price: 78.73	Loss: Close Day2 ($ 85.09)	Abandoned Baby	Sell
007 21 Feb 2024	Buy Price: 65.52	Profit: Open Day1 ($ 68.86)	Piercing Line	Buy
008 09 Feb 2024	Sell Price: 68.83	Profit: Open Day2 ($ 67.75)	Abandoned Baby	Sell
009 05 Feb 2024	Sell Price: 67.02	Loss: Close Day2 ($ 69.37)	Engulfing	Sell
010 25 Jan 2024	Sell Price: 70.00	Profit: Open Day1 ($ 68.70)	Engulfing	Sell
011 22 Jan 2024	Sell Price: 70.11	Profit: Open Day1 ($ 70.05)	Dark Cloud Cover	Sell
012 18 Jan 2024	Buy Price: 68.21	Profit: Open Day1 ($ 69.00)	Abandoned Baby	Buy
013 04 Jan 2024	Buy Price: 58.07	Profit: Open Day1 ($ 58.55)	Engulfing	Buy
014 16 Nov 2023	Sell Price: 54.66	Loss: Close Day2 ($ 56.38)	Abandoned Baby	Sell
015 24 Oct 2023	Buy Price: 49.49	Loss: Close Day2 ($ 46.63)	Abandoned Baby	Buy
016 27 Sep 2023	Buy Price: 52.55	Profit: Close Day1 ($ 54.00)	Abandoned Baby	Buy
017 24 Aug 2023	Sell Price: 57.29	Profit: Open Day1 ($ 54.47)	Engulfing	Sell
018 14 Aug 2023	Buy Price: 59.57	Loss: Close Day2 ($ 57.37)	Engulfing	Buy
019 08 Aug 2023	Sell Price: 61.96	Profit: Open Day1 ($ 61.82)	Abandoned Baby	Sell
020 19 Jul 2023	Sell Price: 65.63	Profit: Open Day1 ($ 64.66)	Dark Cloud Cover	Sell
021 07 Jul 2023	Buy Price: 59.15	Profit: Close Day1 ($ 60.29)	Abandoned Baby	Buy
022 14 Jun 2023	Sell Price: 62.96	Profit: Open Day1 ($ 62.18)	Abandoned Baby	Sell
023One Year Average	Both Sides Result for 22 Signals	Profit: $ 6.88 ($ 0.31 / Signal) +10.8% Gross in 1 Year	All of Them	Buy + Sell

Trading Rules for Candlesticks Patterns.

Buy or Sell on the same day of the signal, during the after-hours trading session.
Watch the Opening and Closing of the next 2 days (4 in total).
Immediately exit the Trade when one of them (Open or Close, Day 1 or 2) gives you a profit.
The table above will show the first Profit opportunity, but not in real-time. Therefore, you must watch the market in real-time with your broker.

Remember: The returns an asset made in the past don't mean that future returns will be the same.

Backtest Lab, "Buy The Dip" Trade Signals +

Find The Lastest Buy Signals for MRVL Below.

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The Latest Trade Signals

Moving Averages +

Bought Moving Averages

Sold Moving Averages

Simple Moving Averages (SMA) Period	Value $	Signal	Exponential Moving Averages (EMA) Period	Value $	Signal
2	69.17	BUY	2	69.11	BUY
3	68.33	BUY	3	68.55	BUY
5	66.95	BUY	5	67.91	BUY
8	67.57	BUY	8	67.47	BUY
13	66.12	BUY	13	67.36	BUY
21	67.65	BUY	21	67.67	BUY
34	68.39	BUY	34	68.12	BUY
55	69.56	BUY	55	68.03	BUY
90	68.28	BUY	90	66.76	BUY
200	61.35	BUY	200	62.34	BUY

Company Info +

Name & IPO

Marvell Technology Inc
IPO: 2000-06-27

Stock Ticker & Exchange

Ticker: MRVLIndices: Nasdaq 100,
Exchange: Nasdaq Nms - Global Market (US - USD)

Contact

Website:
Phone:

Stock Type

Common Stock

SIC Office

Manufacturing ()

Industry

Semiconductors & Related Devices

EIN

Fiscal Year End

State of Inc.

Balance Sheets +

in USD millions (if not decimal) - Dictionary

Income Statement +

in USD millions (if not decimal) - Dictionary

Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.