Marvell Technology Group Ltd. (MRVL)

MRVL stock forecast: buy or sell

MRVL stock outlook

  • Marvell Technology closed on Friday at $36.08 after falling a -1.5% and broke a streak of 6 sessions in green.
  • Marvell Technology Group Ltd. designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits.
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Please read:
The viewpoints written in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not know the particular conditions of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for education reasons only

MRVL stock chart overview

Should I buy Marvell Technology stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is MRVL stock a buy?

Currently, Marvell Technology stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for MRVL in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

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Should I sell Marvell Technology stock?

"To sell or not to sell", if you are holding Marvell Technology shares?. Trading strategies give us the ability us to avoid rash decisions based on our emotions or the buzz that surrounds the market. When selling, as well as buying, detailed setups are very easy to use and are only applicable for selling shares in your porfolio, not for shorting MRVL stock

As a golden rule, you should never mantain an operation that shows a greater losses than those expected upon purchase. The moment to sell your stock must always be dictated by the stop-loss (automatic or manual)

Is it time to sell Marvell Technology stock?

Currently, Marvell Technology stock doesn't match any of our preferred sell setups, so if you own Marvell Technology stock and your operation is in profit probably is not time to sell now

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Analysts' recommendations to buy or sell Marvell Technology stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the last 30 days, just one analyst rating was published for Marvell Technology

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Marvell Technology ratings

Brokerage firmRating
Aug 3rd, 2020
Bank of America Strong buy

Technical analysis

SMAs overview

A favorite tool of many traders are the moving averages, that easily show market momentum. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days. Learn more about Moving Averages from sources like Wikipedia and Investopedia

Supports and resistances

Technical analysts use support and resistance levels as a way to find price points in the stock price action that may behave as glass ceiling, preventing the price of a stock to move up or down. A support level is a level where the price may find support as it falls. This means that the price is more likely to "bounce off" this level rather than break through it. However, if the price breaks down the support, it is likely to continue declining until approaching another support level. On the other side, resistances are where the price tends to find a curb as it moves up. In the same manner, the price is more likely to "rebound" at this level, and if it finally crosses this level, it will rise more easily until it approaches the next resistance

The current resistances are:

  • R1: $36.86 (2.16% above)
  • R2: $37.82 (4.82% above)
  • R3: $39.40 (9.2% above)
  • The current supports are:

  • S1: $34.28 (-4.99% below)
  • S2: $32.59 (-9.67% below)
  • S3: $28.73 (-20.37% below)
  • Bollinger bands

    This is an indicator that was developed in the 1980s by John Bollinger. In essence, the Bollinger Bands are lines that run around a moving average and vary the distance from the bottom to the top depending on market volatility. They are usually drawn by an offset of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of stock markets. It is intended to chart the current and previous weakness or strength of a stock or market based on the closing prices of a recent trading period. Oscillator indicators, such as relative strength, are designed to indicate values in the range of 0-100. J. Welles Wilder introduced the relative strength indicator in 1978 and since then it has been widely used by investors

    The RSI dropped below the overbought level of 70 on July 13 after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Friday was 50.88. Since then, Marvell Technology shares sank a 5.82%

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    Earnings and financials

    Marvell Technology Group Ltd. (MRVL) reported adjusted EPS for the fiscal 1st-quarter that slightly enhanced Wall St. expectations. Quarterly EPS was $0.17 per share instead of $0.16. This quarterly report means an earnings surprise of 6.25%. On the contrary, the company said revenue for this quarter was $717.7 million consistent with analysts' forecasts.

    Compared to the same quarter one year ago, EPS was $0.25, so posted EPS means a loss of -32%. Looking at turnover, figures just moved compared to $744.8M same quarter a year ago.

    MRVL releases financial report on late next August. Analysts predict an EPS of $0.20, that is a 17.65% higher than previous quarter. Earnings reporting day has a more than usual risk for investors as the results disclosed can jump up or down the shares price with very low volume and not honouring your buy or stop-loss orders. You can probably find more details about the earnings conference call and the financial reports on the Investor Relations section of its website: http://www.marvell.com.

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