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Stock Trend Analysis Report
Prepared for you on Sunday, October 1, 2023.
Marvell Technology, Inc. (NASDAQ:MRVL)
Countertrend Down (-85) - MRVL is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid MRVL?
MarketClub looks at technical strength and momentum to determine if the timing is right for MRVL.
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MarketClub’s Trade Triangles for MRVL
The long-term trend has been DOWN since Sep 21st, 2023 at 52.2475
The intermediate-term trend has been DOWN since Aug 8th, 2023 at 60.9800
The short-term trend has been UP since Sep 28th, 2023 at 53.0800
Smart Scan Analysis for MRVL
Based on our trend formula, MRVL is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 55.0000 | 55.4300 | 54.0088 | 54.1100 | +0.1100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 54.1300 | 6874798 | 2023-09-29 15:59:51 |
| Year High | 25.18 | Year High Date | 2018-03-09 |
| Year Low | 14.69 | Year Low Date | 2018-11-20 |
| 52wk High | 67.99 | 52wk High Date | 2023-05-30 |
| 52wk Low | 33.75 | 52wk Low Date | 2023-01-06 |
| Year End Close | 7.2606 | Average Volume | 8,713,013 |
| Shares Outstanding | 862,800 | Short Interest | 6,320,685 |
| % Institutional | 60.1 | Market Cap | 17,335M |
| Assets | 217,501,000M | Liabilities | 636,060,000M |
| P/E Ratio | -115.80490000 | Beta | 0.72 |
| Volatility | 46.11 |