Marvell Technology (MRVL) stock saw a slight decline in its latest intraday trading, as it attempts to gain positive momentum that may help it rise again. This comes under the control of a short-term corrective upward trend, with trading along a supporting trend line, benefiting from the positive support of trading above the previous 50-day SMA. In addition, we note the arrival of positive signals from RSI indicators after reaching oversold areas.

Therefore, we expect the stock to rise in its upcoming trading, as long as support at 73.40 remains intact, targeting the key and near resistance level of 83.25 in preparation to attack it.

Todays price forecast: Bullish