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Takip Edin: @UscMarketsMRVL Stock Forecast & Marvell Technology Chart Analysis
This article provides a detailed analysis of MRVL-Marvell Technology stock including a forecast for MRVL shares. It features Marvell Technology, Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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MRVL Historical Data Review
MRVL Current Price Performance Analysis
The Marvell Technology - MRVL stock traded on the American stock market, on 06-05-2024, closed at 69.8$ with a %5.15 increased compared to the previous day.
In the last month, the price of MRVL changed by %-0.03 decreased in value, from 69.82 dollars on 05-06-2024 to 69.8 dollars, decreased.
Last year, the price of MRVL was 59.14 dollars on 06-06-2023, and changed by %18.03 increased in value, to 69.8 dollars increased within a year.
The price of Marvell Technology stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
MRVL with AI Stock Forecast & Price Target
On the MRVL chart Marvell Technology price was recorded as 69.8 Dollars on 06/05/2024.
The artificial intelligence's forecast on MRVL stock is as follows.
The artificial intelligence's prediction error margin for MRVL stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Marvell Technology stock over the next 4 months is: 105.0 Dollars.
The commentary on MRVL stock Target Price: Highest: 131.463 Dollars is predicted.
The commentary on MRVL stock Target Price: Lowest: 75.569 Dollars is predicted.
Resistance Price where Marvell Technology stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-30-2024 | 86.617 |
| 11-22-2024 | 131.463 |
| 02-10-2025 | 117.524 |
Support Price where Marvell Technology stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-19-2024 | 85.794 |
| 01-31-2025 | 116.520 |
| 03-27-2025 | 103.947 |
The commentary on MRVL stock: The target price can generally be said to be on the rise.
The commentary on MRVL stock: Fluctuations in the target price can be expected in the coming days.
The target price for Marvell Technology stock by the end of 2024 is predicted to be 119.529 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on MRVL stock, and the 2024 target price predictions for Marvell Technology are detailed above.
The technical analysis and charts for the commentary on MRVL stock are below.
MRVL Support & Resistance and Trend Analysis
MRVL stock you have reviewed the technical analysis support resistance charts regarding.
MRVL : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the MRVL review, the Marvell Technology support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Marvell Technology Support and Resistance Prices:
| MRVL Support Level Price | MRVL Resistance Level Price |
|---|---|
| 50.35 | 57.24 |
| 55.63 | 58.12 |
| 61.72 | 67.15 |
| 63.34 | 72.86 |
| 63.46 | 73.53 |
| 63.53 | 74.55 |
| 64.37 | 76.25 |
| 65.51 | 76.29 |
| 66.97 | 78.44 |
| 85.76 |
MRVL Technical Analysis: SMA, RSI, MACD
Upon reviewing the MRVL chart, buy and sell signals have been generated in the Marvell Technology technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for MRVL stock are as follows:- The technical analysis for MRVL indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for Marvell Technology indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Marvell Technology stock: Click here to read more predictions on Intesa Sanpaolo S.p.A. stock.
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