Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MRVL
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On Wednesday, Marvell Technology stock price gained an impressive 5.93%
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Marvell Technology stock price gained 5.93% on the last trading day (Wednesday, 27th Mar 2024), rising from $68.26 to $72.31. During the last trading day the stock fluctuated 3.43% from a day low at $70.36 to a day high of $72.77. The price has risen in 6 of the last 10 days and is up by 6.92% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 million more shares were traded than the day before. In total, 23 million shares were bought and sold for approximately $1.65 billion.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.82% during the next 3 months and, with a 90% probability hold a price between $71.86 and $96.46 at the end of this 3-month period.

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MRVL Signals & Forecast

The Marvell Technology stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $67.20 and $70.15. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -15.02%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Marvell Technology stock

Marvell Technology finds support from accumulated volume at $68.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.41 between high and low, or 3.43%. For the last week, the stock has had daily average volatility of 3.22%.

Our recommended stop-loss: $67.81 (-6.22%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (MRVL) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Marvell Technology Group Ltd. to open at $71.81, and during the day (based on 14 day Average True Range), to move between $69.15 and $75.47, which gives a possible trading interval of +/-$3.16 (+/-4.38%) up or down from last closing price. If Marvell Technology Group Ltd. takes out the full calculated possible swing range there will be an estimated 8.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $72.36 (0.07%) than the support at $68.83 (4.81%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Marvell Technology Group Ltd. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Marvell Technology stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.883 Buy Candidate Upgraded

Predicted Opening Price for Marvell Technology Group Ltd. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$71.81 ( 0.687%) $72.31

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MRVL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 74.22 2.65 %
R2 73.30 1.37 %
R1 72.73 0.586 %
Current price: 72.31
Support S1 70.89 -1.96 %
S2 70.32 -2.75 %
S3 69.40 -4.02 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 85.09 17.67 %
R2 75.42 4.30 %
R1 72.36 0.0691 %
Current price 72.31
Support S1 68.83 -4.81%
S2 67.63 -6.47%
S3 66.87 -7.52%

MRVL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 11, 2024 Apr 11, 2024 May 01, 2024 $0.0600 0.0830%
2 Dec 08, 2023 Jan 05, 2024 Jan 31, 2024 $0.0600 0.0886%
3 Dec 07, 2023 Jan 04, 2024 Jan 31, 2024 $0.0600 0.0886%
4 Sep 15, 2023 Oct 05, 2023 Oct 25, 2023 $0.0600 0.126%
5 Jun 15, 2023 Jul 06, 2023 Jul 26, 2023 $0.0600 0.0942%

FAQ

What is the symbol for Marvell Technology Stock and on which exchange is it traded?
The symbol for Marvell Technology is MRVL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Marvell Technology Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Marvell Technology stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Marvell Technology Stock?
Marvell Technology Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Marvell Technology Stock.

What's the current price of Marvell Technology Stock?
As of the end of day on the 2024-03-27, the price of an Marvell Technology (MRVL) share was $72.31.

What is the 52-week high and low for Marvell Technology Stock?
The 52-week high for Marvell Technology Stock is $85.76 and the 52-week low is $36.90.

What is the market capitalization of Marvell Technology Stock?
As of the 2024-03-27, the market capitalization of Marvell Technology is 59.113B.

When is the next earnings date for Marvell Technology?
The upcoming earnings date for Marvell Technology is May 23, 2024.
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About Marvell Technology Group Ltd.

Marvell Technology Marvell Technology, Inc., together with its subsidiaries, designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; ASIC; and printer System-on-a-Chip products and application processors. The company also provides a range ... MRVL Profile

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