Chart of the Day: How Marvell Looks Heading Into Earnings
The earnings release is expected to create some buzz. Momentum could use a jolt.
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Semiconductor stocks have been hit hard in 2025 after some strong momentum to finish out 2024. That is usually the case with cyclical sectors.
TheStreet Pro Portfolio holding Marvell Technology MRVL had a tremendous move up in December on very strong turnover. The bulls were on the move with this name as it reach all-time highs. As we saw in January, that peak was touched again, but buyers refused to add the name and created a bearish double top.
February was just a bad month for the sector and Marvell contributed to the losses, but with earnings coming up Wednesday after the market close, we have the stock back to a strong support level.
The indicators are pretty weak with the candles in purple. That is a bearish sign on the GoNoGo composite of indicators. The parabolic SAR (stop and reverse) is also bearish (dots on the top pane), while the ADX is pointing higher (pane 3), which means the trend is strong. We know that trend is bearish, just look at the MACD (moving average convergence/divergence) and Chaikin money flow to understand why.
We hope to hear good news from Marvell Wednesday after the close as we think any bad news is priced in. For 2025, the stock is down only 4% but it's down substantially more since last month, about 28% from those double-top highs.
We like Marvell and rate it a Two in TheStreet Pro portfolio, or "stockpile on pullbacks."
At the time of publication, TheStreet Pro Portfolio is long MRVL.
