When the Price of (MRVL) Talks, People Listen
April 18, 2024, 22:18 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MRVL
- Buy MRVL slightly over 59.34 target 68.81 stop loss @ 59.17 Details
The technical summary data tells us to buy MRVL near 59.34 with an upside target of 68.81. This data also tells us to set a stop loss @ 59.17 to protect against excessive loss in case the stock begins to move against the trade. 59.34 is the first level of support below 65.24 , and by rule, any test of support is a buy signal. In this case, support 59.34 would be being tested, so a buy signal would exist.
- Short MRVL slightly under 68.81, target 59.34, stop loss @ 69.01 Details
The technical summary data is suggesting a short of MRVL as it gets near 68.81 with a downside target of 59.34. We should have a stop loss in place at 69.01though. 68.81 is the first level of resistance above 65.24, and by rule, any test of resistance is a short signal. In this case, if resistance 68.81 is being tested, so a short signal would exist.
Swing Trading Plans for MRVL
- Buy MRVL slightly over 65.32, target 68, Stop Loss @ 65.13 Details
If 65.32 begins to break higher, the technical summary data tells us to buy MRVL just slightly over 65.32, with an upside target of 68. The data also tells us to set a stop loss @ 65.13 in case the stock turns against the trade. 65.32 is the first level of resistance above 65.24, and by rule, any break above resistance is a buy signal. In this case, 65.32, 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 slightly near 65.32, target 59.34, Stop Loss @ 65.51. Details
The technical summary data is suggesting a short of MRVL if it tests 65.32 with a downside target of 59.34. We should have a stop loss in place at 65.51 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, 65.32, 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 65.32, target 65.82, Stop Loss @ 65.17 Details
If 65.32 begins to break higher, the technical summary data tells us to buy MRVL just slightly over 65.32, with an upside target of 65.82. The data also tells us to set a stop loss @ 65.17 in case the stock turns against the trade. 65.32 is the first level of resistance above 65.24, and by rule, any break above resistance is a buy signal. In this case, 65.32, 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 slightly near 65.32, target 64.48, Stop Loss @ 65.47. Details
The technical summary data is suggesting a short of MRVL if it tests 65.32 with a downside target of 64.48. We should have a stop loss in place at 65.47 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, 65.32, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Marvell Technology Inc. (MRVL) available here: MRVL.
MRVL Ratings for April 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
59.34 |
| P2 |
64.48 |
65.32 |
68.81 |
| P3 |
65.82 |
68 |
79.42 |
AI Generated Signals for MRVL
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Marvell Technology Inc. (NASDAQ: MRVL) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for MRVL can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MRVL:
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