Marvell sinks 20%, Sell signal confirmed
Marvell sheds 20% and confirms its new Sell signal
Marvell sinks 20%, Sell signal confirmed
Our view last week
Marvell's stock was our model's best long, with 17 weeks of gains and a 173.85% profit: this week the picture flips and a fresh Sell signal fires, with the stock down 3.9% and boxed between its 50-day moving average (231 area) and the daily pivot point (236 area). Our weekly technical analysis flags low signal strength, 14 out of 100, and trading as not recommended on a fresh opening.
This week's summary
Marvell stock plunges 20% in a week, confirming the new Sell signal that fired seven days ago: from our model's best buy — 17 weeks of gains and a 173.85% profit — the stock has flipped sharply into decline. Our weekly technical analysis reads signal strength at 72 out of 100, a downtrend starting to make lower lows, with price boxed between the first resistance and the first support: trading not recommended on a fresh opening.
IQS Phase
48
ordinary
Signal Strength
72
decline starting to make lower lows
Sizing
STANDARD
Ranking
#34 / 140
US stocks sell signals
Trade P&L %
+19.99%
from signal to today
restricted Platinum content