Marvell Technology (MRVL) Trading Report

July 04, 2021, 07:30 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Marvell Technology (NASDAQ: MRVL) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MRVL change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if MRVL is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for MRVL too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for MRVL

• Buy MRVL slightly over 52.11 target 57.44 stop loss @ 51.96 Details

The technical summary data tells us to buy MRVL near 52.11 with an upside target of 57.44. This data also tells us to set a stop loss @ 51.96 to protect against excessive loss in case the stock begins to move against the trade. 52.11 is the first level of support below 57.42 , and by rule, any test of support is a buy signal. In this case, support 52.11 is being tested, a buy signal would exist.

• Short MRVL under 57.44, target 52.11, stop loss @ 57.61 Details

The technical summary data is suggesting a short of MRVL as it gets near 57.44 with a downside target of 52.11. We should have a stop loss in place at 57.61though. 57.44 is the first level of resistance above 57.42, and by rule, any test of resistance is a short signal. In this case, if resistance 57.44 is being tested, a short signal would exist.

Swing Trading Plans for MRVL

• Buy MRVL slightly over 57.44, target 59.39, Stop Loss @ 57.27 Details

If 57.44 begins to break higher, the technical summary data tells us to buy MRVL just slightly over 57.44, with an upside target of 59.39. The data also tells us to set a stop loss @ 57.27 in case the stock turns against the trade. 57.44 is the first level of resistance above 57.42, and by rule, any break above resistance is a buy signal. In this case, 57.44, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MRVL near 57.44, target 52.11, Stop Loss @ 57.61. Details

The technical summary data is suggesting a short of MRVL if it tests 57.44 with a downside target of 52.11. We should have a stop loss in place at 57.61 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 57.44, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MRVL

• Buy MRVL slightly over 57.44, target 58.35, Stop Loss @ 57.31 Details

If 57.44 begins to break higher, the technical summary data tells us to buy MRVL just slightly over 57.44, with an upside target of 58.35. The data also tells us to set a stop loss @ 57.31 in case the stock turns against the trade. 57.44 is the first level of resistance above 57.42, and by rule, any break above resistance is a buy signal. In this case, 57.44, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MRVL near 57.44, target 56.77, Stop Loss @ 57.57. Details

The technical summary data is suggesting a short of MRVL if it tests 57.44 with a downside target of 56.77. We should have a stop loss in place at 57.57 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 57.44, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

MRVL Ratings for July 04:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	46.76
P2	56.77	57.42	52.11
P3	58.35	59.39	57.44

Support and Resistance Plot Chart for MRVL

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