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.

My analysis of Marvell Technology is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 68.3 as stoploss in an intra day buy trade for a target of 70.58. However, stock will show a bearish move below 68.3.

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: 68.98
  • 12Day Average: 71.31
  • 20Day Average: 70.25
  • 50Day Average: 69.67
  • 100Day Average: 70.11
  • 150Day Average: 67.29
  • 200Day Average: 63.61

MRVL Indicators & signals

Indicator MACD (12,26,9)

70.24, 70.61, 0.13
Indicator MACD is in negative zone

Indicator ADX (14)

4.92, 22.57, 24.9
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 42
Indicator RSI is indicating buying momentum and stock might rise.

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
27 Thu Jun 2024 68.73 67.65 to 69.14 0.67% 0.53 times
26 Wed Jun 2024 68.27 67.28 to 68.47 0.01% 0.58 times
25 Tue Jun 2024 68.26 66.80 to 68.64 0.72% 1.22 times
24 Mon Jun 2024 67.77 67.53 to 71.56 -5.73% 1.21 times
21 Fri Jun 2024 71.89 70.93 to 73.01 -1.84% 1.29 times
20 Thu Jun 2024 73.24 72.89 to 75.30 0.14% 1.26 times
18 Tue Jun 2024 73.14 72.01 to 74.13 0% 0.76 times
18 Tue Jun 2024 73.14 72.01 to 74.13 1.84% 0.76 times
17 Mon Jun 2024 71.82 70.77 to 73.44 -1.98% 0.86 times
14 Fri Jun 2024 73.27 71.65 to 73.48 0.55% 0.53 times
13 Thu Jun 2024 72.87 71.65 to 75.70 -0.67% 1.53 times
12 Wed Jun 2024 73.36 71.41 to 73.40 4.2% 0.9 times

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

 

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