$MRVL's Sector Rotation Strategy: +32.26% Growth Prospect
Swing Trader: Sector Rotation Strategy (TA&FA) Generates 32.26% for MRVL
Over the past few years, the swing trading arena has witnessed significant innovations and evolution in strategies, one of which is the Sector Rotation Strategy. Coupled with a blend of technical analysis (TA) and fundamental analysis (FA), this strategy has become a potent tool for swing traders. Notably, it has yielded a lucrative 32.26% return for Marvell Technology Inc. (MRVL).
The Sector Rotation Strategy allows traders to transition their investments from one business sector to another, based on cyclic market trends. This strategic maneuver helps to garner profits from the best-performing sectors during different economic phases. In the case of MRVL, an adept application of this strategy has led to a commendable return on investment.
Recently, Marvell Technology has seen a promising +3.64% three-day advance. This positive surge has drawn considerable attention from the trading community, resulting in favorable forecasts for further growth.
Looking back at historical data can provide insightful information about the potential of this upward trajectory. In past instances when MRVL's stock advanced for three consecutive days, the price rose even further within the following month in 245 out of 324 cases. These scenarios show a strong trend, offering a high probability of 76% that the upward trend will persist.
What makes these numbers even more compelling is the added layer of confidence provided by the amalgamation of TA and FA. Technical Analysis aids in the objective evaluation of the stock’s past trading data and volume patterns, while Fundamental Analysis assesses the intrinsic value of the stock by examining related economic and financial factors. The combination of these analyses forms a strong foundation for prediction models.
In this context, the prediction for MRVL's continued upward trajectory is not just based on historical trends but also relies on sound financial analysis of the company's performance and market conditions. Thus, this winning streak can be viewed as a product of both favorable market conditions and the effective use of the Sector Rotation Strategy.
While it's essential to understand that the market is always subject to change and predictions are not set in stone, the application of these methodologies suggests promising future growth for MRVL. Therefore, it’s not just the swing traders, but investors at large who are eagerly watching the performance of MRVL, keen to capitalize on potential opportunities that could come their way.
The impressive 32.26% returns generated by MRVL under the Sector Rotation Strategy (TA&FA) showcase the strategy's potential. It's a testament to the power of blending strategic sector rotation, backed by meticulous Technical and Fundamental Analysis, thus setting a new standard for Swing Trading practices.
Momentum Indicator for MRVL turns negative, indicating new downward trend
MRVL saw its Momentum Indicator move below the 0 level on September 13, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 94 similar instances where the indicator turned negative. In of the 94 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for MRVL turned negative on September 08, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
MRVL moved below its 50-day moving average on August 24, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MRVL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for MRVL entered a downward trend on September 26, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for MRVL's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MRVL advanced for three days, in of 330 cases, the price rose further within the following month. The odds of a continued upward trend are .
MRVL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.951) is normal, around the industry mean (7.944). P/E Ratio (0.000) is within average values for comparable stocks, (53.779). Projected Growth (PEG Ratio) (2.851) is also within normal values, averaging (2.342). Dividend Yield (0.005) settles around the average of (0.022) among similar stocks. P/S Ratio (8.019) is also within normal values, averaging (72.586).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MRVL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a company which engages in the business of providing semiconductors to high-performance application-specific standard products
Industry Semiconductors
MRVL and
Correlation & Price change
A.I.dvisor indicates that over the last year, MRVL has been closely correlated with ADI. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if MRVL jumps, then ADI could also see price increases.
| Ticker / NAME | Correlation To MRVL | 1D Price Change % | ||
|---|---|---|---|---|
| MRVL | 100% | -1.75% | ||
| ADI - MRVL | 86% Closely correlated | -1.76% | ||
| QCOM - MRVL | 82% Closely correlated | -0.64% | ||
| AOSL - MRVL | 80% Closely correlated | -3.50% | ||
| NXPI - MRVL | 75% Closely correlated | -1.58% | ||
| ASML - MRVL | 74% Closely correlated | -2.29% | ||
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