Marvell Technology Inc (MRVL): Price Up $1.48 (3.57)% Over Past Day, Up $0.6 (1.41)% Over Past Hour

The Hourly View for MRVL

At the moment, MRVL (Get Ratings)’s price is up $0.6 (1.41%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as MRVL has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Out of Electronic Equipment stocks, MRVL ranks 45th in regards to today’s price percentage change.

MRVL’s Technical Outlook on the Daily Chart

At the moment, MRVL’s price is up $1.48 (3.57%) from the day prior. This is the 2nd day in a row MRVL has seen its price head up. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. Of note is that the 50 day changed directions on MRVL; it is now pointing up. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows MRVL’s price action over the past 90 days.

MRVL

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