MRVL Stage 2 Uptrend Intact but Deep 48% Base Raises Risk

Posted on by Eben@CANSLIM Research
MRVL daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research

Marvell Technology (MRVL) is holding a Stage 2 advance above a rising 30-week moving average, with 7 of 8 trend-template checks passing. However, the current base is a deep 48.3% correction, flagged as faulty with an elevated failure rate, and the stock sits 25% below its pivot at 316.35. Sentiment is constructive but awaiting confirmation, as volume has not yet dried up to confirm a VCP contraction.

As of 2026-08-19 · Close $237.27

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 14.49%)

⚠️ Faulty cup warning: the base is 48.3% deep (above the 38–40% threshold). A correction this deep leaves heavy overhead supply — trapped holders from higher prices are likely to sell into any rally, raising the failure rate of a breakout from this base.

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