Buy signal in week 6 · US stocks
Marvell gains 4%: 5th straight weekly rise and a new 30-day high, with the ADX fading
Our view last week
A fourth straight weekly gain for Marvell, up 7.2%, taking its run of higher lows on the daily chart to 5 since early September. The 248 area, which capped the stock a week ago, is now the first support. For Marvell stock the price action stays constructive, with money flow positive, even as the ADX has been sliding for 12 weeks and volume is contracting. The buy signal is 10.5% above entry and has already reached its first target.
This week's summary
A 5th straight weekly gain for Marvell, up 4% and printing a new 30-day high in the 280 area, though the week closed back below that level. Marvell stock has had positive money flow for 3 weeks, yet the cracks flagged 7 days ago are still there: contracting volume and an ADX now falling for 13 weeks. Among tech stocks with weekly buy signals, this one sits 14.9% above entry: for swing trading, the tell is a close above the 280 area.
IQS Phase
64
ordinary
Signal Strength
70
high · wide & volatile
Sizing
FULL
Ranking
#48 / 93
US stocks in progress
Trade P&L %
+14.87%
from signal to date, no stop loss
Marvell Technology (MRVL) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 48th among the 93 Longs already running for US stocks in our ranking, with a signal strength of 70 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
MRVL belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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