Marvell Technology (MRVL) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for MRVL · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$218.59last close · Aug 4, 202652-week range $61.44 – $329.88 · 33.74% below the high

MRVL Rising Wedge Pattern

MRVL is currently forming a rising wedge on the daily timeframe. Detected Aug 4, 2026.

A rising wedge usually breaks lower, but MRVL is breaking higher out of it instead — a notably bullish turn. A breakout projects a measured-move target near $204.59 (+15.6%). Across 9,519 backtested rising wedges, the setup followed through 50.0% of the time, averaging +0.19R; MRVL's own rising wedges have hit 84.6%.

DirectionBullishTarget$204.59Projected move+15.6%Breakout level$181.50

New to this pattern? What a rising wedge is and how to trade it →

MRVL's Most Recent Rising Wedge Trade

MRVL's most recent completed rising wedge (which broke against type) resolved as a win: it broke higher on May 20, 2026 near $183.45, then reached its target at $252.59 on Jun 10, 2026 — a +3.36R move (37.7%) over 14 sessions. Across 84 backtested rising wedges, this setup wins 63.1% of the time.

OutcomeWinResult+3.36REntry$183.45Exit$252.59

Learn about rising wedge

How Rising Wedges Have Performed

Win rate
50.0%
Avg return
+0.19R
Backtested trades
9,519
MRVL win rate
84.6%

Historical pattern statistics (2006-08-04 – 2026-08-04), not a prediction.

How these backtests work →

MRVL Pattern Trade History

Every completed pattern trade our nightly backtest found on MRVL's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Rising WedgeMay 20, 2026 @ $183.45Jun 10, 2026 @ $252.59Win+3.36R
Rising WedgeApr 1, 2026 @ $100.82May 7, 2026 @ $160.01Win+4.17R
Rising WedgeJun 17, 2025 @ $71.57Aug 1, 2025 @ $74.45Win+0.22R
TriangleOct 14, 2024 @ $75.00Oct 31, 2024 @ $80.11Win+1.45R
TriangleJul 17, 2024 @ $67.92Aug 5, 2024 @ $56.00Win+1.53R
Bullish PennantJul 8, 2024 @ $72.92Jul 19, 2024 @ $66.51Loss-1.05R
Falling WedgeApr 29, 2024 @ $70.00Jul 30, 2024 @ $62.80Loss-1.08R
Rising WedgeJan 8, 2024 @ $62.58Jan 26, 2024 @ $68.04Win+0.79R
Falling WedgeOct 20, 2023 @ $50.34Nov 14, 2023 @ $57.03Loss-1.19R
TriangleMay 15, 2023 @ $40.34Jun 9, 2023 @ $60.01Win+17.75R
TriangleApr 25, 2023 @ $38.16May 17, 2023 @ $43.59Loss-1.22R
Falling WedgeOct 3, 2022 @ $44.71Oct 10, 2022 @ $40.30Loss-1.69R

MRVL Support and Resistance Levels

Price was turned away at a ceiling near $319.78 about 5 weeks ago and has been sliding since. On the weekly chart, the next floor below sits near $169.70 — still about 22% away.

  • Traders commonly watch $169.70 as a target (its 61.8% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $319.78 ceiling about 5 weeks ago, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh starting point.

Nearest auto-detected support sits near $169.94, resistance near $296.35. These are chart/swing-derived levels, not formula pivots.

Resistance
$296.35$313.69$329.88
Support
$169.94$74.71

MRVL Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$210.01$222.67$208.00$218.59
Aug 3, 2026$180.52$194.44$177.57$193.78
Jul 31, 2026$199.38$201.35$187.12$187.56
Jul 30, 2026$178.38$184.35$175.15$183.30
Jul 29, 2026$174.03$177.80$162.90$163.40
Jul 28, 2026$180.00$181.48$167.32$174.47
Jul 27, 2026$198.72$199.79$181.76$189.17
Jul 24, 2026$202.91$206.07$191.29$194.23
Jul 23, 2026$207.86$214.56$205.02$209.32
Jul 22, 2026$201.15$214.92$200.58$210.99

MRVL Frequently Asked Questions

What chart pattern is MRVL forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a rising wedge on Marvell Technology (MRVL) on the daily chart, with a measured-move target of $204.59.
Is a rising wedge bullish or bearish?
The rising wedge detected on MRVL is a bullish pattern, projecting a measured-move target of $204.59. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a rising wedge pattern, and what is its win rate?
Across TradingPal's backtest of the rising wedge family (9,519 trades over 631 symbols), it resolved in the expected direction 50.0% of the time with an average of +0.19R. These are historical statistics, not a prediction.
What are the support and resistance levels for MRVL?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), MRVL's nearest support is around $169.94 and nearest resistance around $296.35.
What is the price target if MRVL's pattern breaks out?
The detected rising wedge has a geometry-based measured-move target of $204.59 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was MRVL's closing price on Aug 4, 2026?
Marvell Technology (MRVL) last closed at $218.59 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.