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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.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low MRVL Price Change
55.0000 55.4300 54.0088 54.1100 +0.1100
Entry Signal

MarketClub’s Trade Triangles for MRVL

long term down The long-term trend has been DOWN since Sep 21st, 2023 at 52.2475

intermediate term down The intermediate-term trend has been DOWN since Aug 8th, 2023 at 60.9800

short term up 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).

Smart Scan Analysis for MRVL
Strong Downtrend Sideways 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 High25.18Year High Date2018-03-09
Year Low14.69Year Low Date2018-11-20
52wk High67.9952wk High Date2023-05-30
52wk Low33.7552wk Low Date2023-01-06
Year End Close7.2606Average Volume8,713,013
Shares Outstanding862,800Short Interest6,320,685
% Institutional60.1Market Cap17,335M
P/E Ratio-115.80490000Beta0.72
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