MRVL NEWS why is Marvell Technology Group Ltd. price falling or rising

MRVL NEWS reasons for why stock price of Marvell Technology Group Ltd. is falling or rising

MRVL Marvell Technology is falling or rising technical reasons

Technical analysis forecast for Marvell Technology Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Marvell Technology MRVL at this time. Stock is falling and might fall more.

It appears as if Marvell Technology MRVL gave a large move recently.

Stock of Marvell Technology (MRVL) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

Although my analysis for Marvell Technology is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 65.3, for a target of 68.6 or 71.28

MRVL Marvell Technology is falling or rising NEWS fundamental reasons

More announcements and NEWS

MRVL Marvell Technology Group Ltd. current price & indicator signals

Moving Averages for Marvell Technology Group Ltd.

  • 5Day Average: 70.37
  • 12Day Average: 72.13
  • 20Day Average: 71.16
  • 50Day Average: 71.6
  • 100Day Average: 70.71
  • 150Day Average: 69.2
  • 200Day Average: 65.2

MRVL Indicators & signals

Indicator MACD (12,26,9)

70.95, 71.32, 0.28
Indicator MACD is in negative zone

Indicator ADX (14)

14.05, 17.28, 22.92
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 36
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of MRVL Marvell Technology Group Ltd. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Fri Jul 2024 66.51 66.03 to 68.52 -2.49% 0.93 times
18 Thu Jul 2024 68.21 66.00 to 69.93 0.41% 1.24 times
17 Wed Jul 2024 67.93 67.91 to 72.72 -10.15% 1.78 times
16 Tue Jul 2024 75.60 72.41 to 75.69 2.72% 0.67 times
15 Mon Jul 2024 73.60 72.93 to 74.26 0.01% 0.63 times
12 Fri Jul 2024 73.59 71.55 to 74.79 1.95% 1.01 times
11 Thu Jul 2024 72.18 71.60 to 75.31 -3.61% 1.14 times
10 Wed Jul 2024 74.88 73.20 to 75.84 1.41% 0.84 times
09 Tue Jul 2024 73.84 73.27 to 76.43 -1.43% 0.9 times
08 Mon Jul 2024 74.91 71.99 to 75.55 3.93% 1.26 times
05 Fri Jul 2024 72.08 71.57 to 72.95 -0.17% 0.53 times
03 Wed Jul 2024 72.20 70.98 to 73.14 0% 0.6 times

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MRVL NEWS why is Marvell Technology Group Ltd. price falling or rising

 

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