Rolls-Royce share price had another successful month in April as it jumped to a record high of 1,111 GBX. It then pulled back to the current 1,070p as some investors started to book profits. This article explores whether the stock has more room to run in September. 

Top Rolls-Royce news in August

Rolls-Royce Holdings had major news in August this year. The most notable one was its first-half financial results, which demonstrated its strong growth was continuing, helped by its three divisions: civil aviation, power, and defence. 

Rolls-Royce’s underlying revenue rose to £9 billion in the first half, up from £8.1 billion in the same period last year. Its profit before tax rose to £1.69 billion, while the free cash flow jumped to £1.58 billion. 

The civil aviation division revenue rose by 17% to £4.78 billion, while the defence and power systems rose to £2.2 billion and £2.04 billion. These numbers were much better than its guidance and what analysts were expecting. 

Most importantly, the company also boosted its mid-term targets. It now expects that its underlying profit it 2028 will be between £3.6 billion and £3.9 billion. The operating margin will be between 15% and 17%, while the free cash flow will be between £4.2 billion and £4.5 billion. 

The other notable news that happened was a report by the FT that the company was considering fundraising for its small nuclear reactor business. In its report, which cited people with knowledge on the issue, the FT noted that an IPO was also under consideration.

While the company has denied the reporting, it is likely that it will ultimately launch an IPO for the business as the SMR business booms. In the United States, companies in the space have surged in the past 12 months. Oklo stock has soared by 1,000% in the last 12 months, while NuScale Power has jumped by 330%. 

In a statement to the BBC, Tufan Erginbilgic, said that the nuclear business has a chance of making it the biggest company in the UK as the world will need 400 SMRs by 2050, with each costing about £3 billion. He said:

“There is no private company in the world with the nuclear capability we have. If we are not market leader globally, we did something wrong.”

Looking ahead, Rolls-Royce stock price will react to its investor roadshow in the United States, where the management will speak to its biggest investors and make the case for its share. It will happen on Tuesday, Wednesday, and Thursday this week.

Rolls-Royce share price technical analysis

RR stock chart | Source: TradingView

The daily chart shows that the Rolls-Royce stock price has been in a strong bull run this year. It jumped to a high of 1,111p in August and then pulled back to 1,070p. 

Rolls-Royce remains above the 50-day and 100-day Exponential Moving Averages (EMA). However, it has formed a bearish divergence pattern as the MACD and the Relative Strength Index (RSI) have continued moving downwards. 

The stock has also formed an island reversal pattern as it has consolidated after ut gap-up after earnings. Therefore, the stock will likely pull back and possibly retest the support at 1,000p. A move above the resistance point at 1,111p will invalidate the bearish forecast.

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Silver price continued its strong bull run, reaching its highest level in over a decade as investors piled into precious and industrial metals. XAG jumped to 40.4 on Monday morning, crossing the important resistance level at $39.51, its highest point in June.

Why silver price is soaring

Silver price jumped as investors rotated back to industrial and precious metals. Copper, often seen as a bellwether for the global economy, jumped to $10,000 a ton, continuing a trend that started a few months ago. 

Similarly, gold price has risen in the past five consecutive days, reaching a high of $3,478, its highest level since April and a few points below the all-time high of $3,496. 

Silver price jumped as investors boost their bets that the Federal Reserve will start cutting interest rates this month. Jerome Powell, the Fed Chair, has already hinted that the bank will cut in September, citing the worsening labor market. 

The most recent numbers showed that the economy added 73,000 jobs in July. This increase led to a jump in the unemployment rate, which rose to 4.2%.

The labor market has deteriorated in the past few months, with job additions averaging 35,000 in May and June, marking the worst performance since the COVID-19 pandemic. 

Gold and precious metals like silver do well when the Fed is slashing interest rates as this lowers the performance of the US dollar index (DXY).

Silver has also jumped as demand from American investors rise. Data shows that the iShare Silver Trust (SLV) had inflows in the last three consecutive week. 

It added $25.6 million last week after adding $263 million the week before. Its total inflows jumped to $1.2 billion this year, bringing its total assets to over $18.7 billion. 

Most importantly, as an industrial metal, silver also benefited from the recent Chinese data. A report released on Sunday showed that the manufacturing PMI rose to 49.5 in August, up from 49.4 in the previous month. 

While the PMI remained at the contraction zone, it has made some improvement in the past few months. This is happening at a time when the industry is in the fifth year of supply deficits.

Silver price technical analysis 

The daily chart shows that silver has been in a strong bull run in the past few months. Its rally has accelerated after soaring in the last three consecutive days.

Silver price has moved above the key resistance level at $39.52, its highest level on July 23rd this year.

It has moved above all moving averages and tested the strong pivot reverse point of the Murrey Math Lines at $40.62. 

Top oscillators like the Relative Strength Index (RSI) and the MACD indicators have continued soaring, a sign of strong momentum.

Therefore, silver will likely continue rising, with the next key resistance level to watch being at $46.87, the extreme overshoot level, which is 16% above the current level. A drop below the support at $39.5 will invalidate the bullish forecast.

Read more: July PCE inflation climbs to 5-month high levels: will the Fed still cut rates?

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The FTSE 100 Index has pulled back in the past few days, falling from a high of £9,358 on August 22 to £9,187 today. Still, the blue-chip index has performed well this year as it jumped by over 21% from its lowest point in April. This article looks at the most notable performers this year and what to expect in September.

Top FTSE 100 gainers in 2025

Many companies in the FTSE 100 Index have done well by gaining by over 20% this year, mirroring the performance of the broader financial market. 

Fresnillo’s stock price has jumped by over 186% this year, making it the best-performing company in the index. Its performance is mostly because of the strong performance of silver. 

Silver, a top precious and industrial metal, has jumped to $40, the highest level in over a decade, driven by strong demand and a supply deficit. This is important for Fresnillo because it is one of the biggest players in the silver market.

Babcock International’s share price has soared by over 102% this year, making it the second-best-performing company in the FTSE 100 Index. It has jumped because of the ongoing demand for military equipment as it is a key manufacturer of warships, land systems, and aviation. 

European defense companies have surged this year as most countries have boosted their spending. Most of them are focusing their procurement on European companies amid the ongoing trade war with the US.

Airtel Africa’s share price has jumped by 94% this year as the telecom giant has continued to gain market share in the region. The most recent results showed that its customer base jumped by 9% to 169.4 million in the last quarter, with data one jumping by 17.4%.

Airtel is also benefiting from the money transfer business as the number of customers soaring to 45.9 million. Consequently, revenue jumped by 24.9% to $1.42 billion. 

Rolls-Royce share price has jumped by 88% this year as its three segments have continued thriving. Other top gainers in the index include BAE Systems, BT Group, St. James Place, Lloyds Banking Group, BAT, Standard Chartered, and Aviva. 

Top laggards in the Footsie Index

Not all companies in the FTSE 100 Index have done well this year. WPP stock price has dropped by 52% this year as the advertising industry has faced a major challenge. This is notable since WPP is the biggest advertising agency group globally. 

The most recent results showed that WPP Group’s revenue dropped by 7.8% in the first half to £6.6 billion, while the operating proit rose to £221 million.

Croda International stock price has dropped by 26% this year, making it the second-worst performing company in the FTSE 100 Index. Its recent results showed that the sales rose by 4.9% in the first half of the year to £855 million, while its profit plunged 20% to £85 million.

The other notable laggards in the FTSE 100 Index are companies like Bunzl, Taylor Wimpey, Diageo, Barratt Redrow, and the London Stock Exchange (LSE).

FTSE 100 Index analysis 

The daily timeframe chart shows that the FTSE 100 Index has pulled back in the past few days, moving from a high of £9,358 on August 22 to the current £9,187. 

On the positive side, the index remains above all moving averages, a sign that the bullish momentum is continuing. It has moved slightly below the weak, stop & reverse point of the Murrey Math Lines tool. 

Therefore, the most likely scenario is where the index rebounds and possibly hits the extreme overshoot point at £9,687, up by 5.60% from the current level. 

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The CAC 40 Index has slumped in the past few days as concerns about the country’s political crisis has continued. It has slumped to a low of €7,740, down by 3.28% from its highest point this month. This article explores what to expect now that bond yields have jumped.

Why French stocks have plunged

The CAC 40 Index has plunged in the past few days, moving from a high of €8,000 in August to a low of €7,740. The crash happened as investors reacted to the ongoing political crisis that could see the Prime Minister, Francois Bayrou, lose his job in the near term. 

Bayrou is the country’s fifth prime minister since 2020. He took over from Michel Barnier, who was the prime minister between September and December last year. Gabriel Attal was the premier between January and September last year, while Elisabeth Borne lasted for two years. 

The ongoing political crisis is primarily driven by the country’s fiscal situation as the debt pile continues rising. As a result, the government has attempted to implement some reforms that will help it to reduce spending. 

Like Italy, it has attempted to implement fiscal discipline, which has led to substantial protests. As a result, with no end in sight, borrowing costs have surged even as the European Central Bank has slashed interest rates in the past two years.

Read more: Top CAC 40 shares to watch: LVMH, BNP Paribas, Vivendi and more

Data shows that the 10-year bond yields has jumped to 3.56%, its highest level since March 17. Similarly, the five-year yield has risen to 2.85%. In contrast, the German 10 year yield has risen to 2.7% and the five-year has risen to  2.30%.

The rising government bond yields have made stocks less attractive, with many investors rotating to the bond market.

Meanwhile, the index has been affected by the ongoing performance of the Chinese market. French stocks are more exposed to the Chinese market because most of them do a lot of business there. 

Some of the most exposed firms are luxury brand firms like LVMH, Kering, and Hermes. Kering’s stock has dropped by 4% this year and 53% in the last three years.

Hermes, often seen as the gold standard of the industry, has dropped by 10% this year, while LVMH has slumped by 20% this year. 

Other companies exposed to China like Pernod Ricard and Accor have also slumped. Capgemini’s stock price has plunged by 23% this year as demand for tech consulting has waned. 

Some of the top laggards in the CAC 40 Index are companies like Carrefour, Renault, Stellantis, and Publicis Groupe. 

On the other hand, the top gainers in the index are companies like Legrand, Safran, Thales, Vinci, Société Générale, and BNP Paribas.

CAC 40 Index technical analysis 

The daily chart shows that the CAC 40 Index has pulled back in the past few days, moving below the 50-day and 25-day moving averages. It formed a triple-top pattern at €7,956 and a neckline at €7,500. 

The most likely scenario is where the stock drops further ahead of the vote of no confidence. If this happens, the next point to watch will be at €7,500. A move above the resistance point at €7,956 will invalidate the bearish outlook.

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Ethereum price had a strong performance in August as it jumped to a record high amid the ongoing exchange-traded fund (ETF) inflows and the strong ecosystem growth. ETH jumped to a high of $4,955, up sharply from the year-to-date low of below $1,400. So, will it continue soaring in September?

Ethereum price technical analysis

The daily timeframe chart shows that the ETH price has rebounded in the past few months. It has jumped from a multi-year low of $1,385 in April to nearly $5,000 in August.

Ethereum price has remained above the 50-day and 100-day Exponential Moving Averages (EMA), which have provided it with substantial support in the past few months. 

The stock recently jumped above the crucial resistance level at $4,098, the upper side of the cup-and-handle pattern whose depth is about 65%. The stock then retested that support recently, confirming the bullish trend. 

The coin has moved to the strong pivot reverse point of the Murrey Math Lines tool. Therefore, the most likely scenario is where it will eventually rebound and hit the extreme overshoot point of the Murrey Math Lines tool at $5,625, which is about 26% above the current level. 

Potential catalysts for ETH price 

Ethereum price has numerous catalysts that will push it higher in September. First, like the silver price is doing, it will likely react to the upcoming Federal Reserve interest rate decision scheduled on September 16. 

Economists expect the bank to cut interest rates by 0.25% at this meeting, bringing them to a range of between 4.0% and 4.25%. The dovish outlook is largely due to the deterioration of the labor market over the past few months, with the unemployment rate expected to rise to 4.3% in August.

Ethereum price will also rally because of the ongoing ETF inflows, which have accelerated in the past few months. Data shows that these funds added over $3.8 billion in assets last month, bringing the cumulative inflows to over $13.5 billion. 

The funds added $5.4 billion in July, $1.16 billion in June, and $564 million in the previous month. 

Further, companies have continued to accumulate Ethereum in the past few months. They now hold over 3.61 million coins, with BitMine, SharpLink, The Ether Machine, and Bit Digital being the most aggressive. 

Tom Lee’s BitMine now holds coins worth over $7.6 billion, while SharpLink holds over $3.5 billion.This accumulation may keep going upwards in the coming months, boosting its price. All this is happening as data points to falling Ethereum balances on the exchange. 

Ethereum price will also benefit from the potential altcoin season as investors cheer the upcoming altcoin ETF approvals, since the SEC has set aside October as the deadline for most ETF applications.

Further, ETH price will benefit from the ongoing stablecoin growth. The supply of all stablecoins in the ecosystem has jumped by 12% in the last 30 days to over $153 billion. The total transaction volume soared by 50% to $923 billion, while the stablecoin addresses jumped by 6% to 2.9 million

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Tesco share price jumped to a decade high on Monday, continuing an uptrend that started in April when it bottomed at 302p. TSCO stock soared to a high of 435p, bringing its market capitalization of over £28.4 billion. 

Tesco is thriving and growing its market share

Tesco, the biggest retailer in the UK, has continued to grow its market share in the past few months. A recent report by Kantar showed that its market share rose to 28.4%, almost double that of Sainsbury’s, which has about 15% in share. 

Tesco’s market share is also much higher than ASDA’s 11.8% and Aldi’s 10.8. The company will likely continue growing its market share after the recent data showed that inflation in the country was rising.

Its market share is notable because analysts were expecting  Aldi’s price cuts to boost its market share, which has not happened because of Tesco’s price match strategy. Indeed, Asda has continued to lose market share i

A report by the Office of National Statistics (ONS) showed that the headline consumer inflation jumped to 3.6% in July, continuing a trend that has been going on in the past few months.

Tesco benefits from high inflation because it helps it boost prices, increasing its margins. Its scale helps the company to negotiate prices with suppliers, ensuring that its prices are lower than those of its competitors.

The most recent results showed that Tesco’s business continued thriving in the 13 weeks to May 24th. These numbers showed that its sales rose by 4.6% to over £16.38 billion, with the Republic of Ireland (ROI) experiencing the most growth at 5.5%.

The UK revenue rose by 5.1% to £12 billion, while Booker and Central Europe rose by 2% and 4.1%, respectively.

Most importantly, the growing revenue has pushed the company to accelerate its shareholder returns. It is in the process of buying back shares worth over £1.45 billion, a move that will continue to shrink its outstanding shares. It ended last quarter with 6.7 billion outstanding shares, down from over 7.67 billion in 2021.

The ongoing share buyback and the increasing dividends have helped to push its annual yield to 3.17%, making it a top company for dividend investors.

Tesco share price technical analysis

The weekly timeframe chart shows that the TSCO stock price has been in a strong bull run in the past few months. It recently crossed the important resistance level at 387.3p, its highest point in February, invalidating the double-top pattern whose neckline is at 301p. 

The stock has remained above the 50-week and 100-week moving averages. Also, the Average Directional Index (ADX) has moved to 28, a sign that the momentum is continuing. 

Therefore, the stock will likely continue rising as investors target 500p in the coming week. A drop below the support at 387p will invalidate the bullish view.

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The IPO season is here, with several companies like Circle, CoreWeave, Bullish, Webull, and eToro already public. The Klarna IPO, which may come as soon in September, will likely be the biggest one of the year. This article gives details about this IPO and whether it will be a good buy.

What you need to know about the Klarna IPO

Klarna is one of the biggest fintech companies in the world. It is a top player in the booming buy-now, pay-later (BNPL) industry. Its main service is that it lets people shop and pay for the products in four equal instalments without paying any interest. 

Like Affirm, it has introduced longer-term financing, which often comes with higher interest rates. The company mostly operates in Europe and North America.

Klarna has raised billions of dollars over time. It most recent funding was a $1.63 billion debt financing from Banco Santander. It also raised $800 million in 2022 at a $6.7 billion valuation from the likes of Sequoia, Silver Lake, and Canada Pension Plan. 

That valuation was much lower than the previous one of over $45 billion, when it was the most valuable European startup. The cut in valuation came in 2022 as central banks raised interest rates and the valuations of public and private companies plunged.

Klarna’s valuation has likely ticked up in the past few years as macro conditions have improved. Forge, a company that allows trading of private companies, places its valuation at $14.9 billion as its stock has jumped from $20 in 2023 to $37 today.

Is Klarna a good stock to buy after IPO?

The most recent financial results showed that Klarna’s business was growing. Its revenue jumped to $2.8 billion in 2024, up from $2.2 billion in the previous year. 

In contrast, Affirm made $3.2 billion in 2024 and $2.32 billion in the previous year. Its net income was about $52 million, while Klarna reported a profit of $21 million. This means that, in theory, Klarna’s valuation should be much lower than Affirm’s $28 billion. 

Klarna ended last year with over $3.2 billion in cash and equivalents, $13.8 billion in total assets, and liabilities of $11.57 billion.

As one of the most popular fintech companies, the Klarna stock price will likely go parabolic shortly after IPO as investors will ignore it valuation. This is similar to how other recent IPOs like CoreWeave, Bullish, and Circle performed. 

Klarna’s stock will then dive after going public as the listing hype eases and talks of the lockup expiry intensify. 

In the long term, however, Klarna will be a good stock to buy as Affirm has demonstrated. Affirm stock price has jumped by over 868% from its all-time low in 2022 as the BNPL industry has become more attractive. 

Klarna, like Affirm, is available in the checkout of most global brands like Booking.com, Apple, Samsung, Uber, H&M, and ZARA, among others. It is also one of the most dominant players in the BNPL industry. 

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Alibaba stock price surged to its highest level in March as Chinese equities surged after it published strong financial results on Friday. BABA also jumped after reports showed that it had developed a chip that could challenge NVIDIA. It rose to a high of $136.42, up by 71% from its lowest level this year.

Alibaba to challenge NVIDIA

The Alibaba stock price surged after the WSJ reported that the company had developed a chip that may challenge NVIDIA’s dominance. Most notably, the chip will be fabricated by a local Chinese company instead of TSMC. 

The new milestone comes as the US and China continue battling for technology dominance and as chips become the most important part of the global economy. 

The US has blocked Nvidia and its chip companies, like AMD and Intel, from selling advanced chips to China. It argues that these chips may help the Chinese military develop more advanced equipment. 

China has then gone to the offensive and invested billions of dollars to develop advanced chips. Just recently, the government recommended its companies against buying NVIDIA’s H20 chips after the administration gave it a go-ahead. 

Therefore, the BABA stock price surged as investors anticipated that it would become the next big player in the AI and semiconductor industry. 

Alibaba published modest results

The Alibaba stock price also jumped after the company published modest financial results. Its revenue rose by 2% to $34.5 billion in the second quarter.

Notably, excluding Sun Art and Intime, which the company has disposed of, its revenue growth would have been 10%. The net income jumped by 76% to over $4.8 billion, helped by its equity investments and gains from divested businesses.

The closely-watched Cloud Intelligence Group, which competes with Amazon’s AWS and Microsoft’s Azure, grew by 26% YoY to $4.6 billion as it continued to benefit from the AI demand.

Alibaba’s International Digital Commerce revenue rose by 19% YoY despite Donald Trump’s tariffs. The Chinese e-commerce business made $12.5 billion, a 10% YoY increase. 

However, the company’s Ele.me has come under pressure as competition from JD and Meituan jump. JD’s entry into the sector has led to a race to the bottom, with surging consumer discounts and rider incentives.

China stocks gains and Banma Network IPO

The Alibaba stock price has jumped because of the ongoing surge in Chinese shares as shown by the performance of the Shanghai Composite and equities like Cambricon. 

This stock rebound is mostly because Chinese investors have continued to turn to the market after the collapse of the real estate sector.

Alibaba shares have also jumped after the company decided to spin off its Banma Network Technology, which focuses on creating smart vehicle operating systems and cockpit solutions.

Alibaba stock price forecast

The daily timeframe chart shows that the BABA stock price has rebounded in the past few months, moving from a low of $78.9 in January to $135. It has already crossed the important resistance level at $132, the highest swing on May 14. 

The BABA stock price has jumped above all moving averages, while top oscillators have pointed upwards. Therefore, the stock will likely keep rising as bulls target the key resistance level at $146, its highest point on March 17. A move above that level will point to more gains, potentially to the resistance point at $150. 

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The Dow Jones, S&P 500, and Nasdaq 100 indices and their ETFs moved sideways last week as investors focused on monetary policy and Nvidia earnings. The S&P 500 Index pulled back to $6,460 from the year-to-date high of $6,500.

Similarly, the Dow Jones Index was trading at $45,545, while the Nasdaq 100 fell from $23,965 to a low of $23,415. This article looks at the top catalysts for the indices and the ETFs like VOO, DIA, and QQQ.

US nonfarm payrolls data

The most important catalyst for the Dow Jones, S&P 500, and Nasdaq 100 indices is the upcoming US nonfarm payrolls (NFP) data scheduled on Friday.

This is an important report that will provide more color on the health of the American economy and will help to determine what the Federal Reserve will do in the next meeting. 

In a recent statement at the Jackson Hole Symposium, Jerome Powell, the Fed Chair, hinted that the bank will cut interest rates in September, citing the deteriorating labor market. 

The last report showed that the economy created just 73,000 jobs in July, much lower than what analysts were expecting. This figure will likely be downgraded further based on what happened recently. Traders will want to see the revision. 

The indices and their ETFs will also react to the unemployment rate. Data shows that analyts anticipate that the jobless rate rose to 4.3% in August as the economy created 78k jobs.

A weak jobs report will confirm that the Federal Reserve will cut interest rates in September, which most analysts already expect. The stock market tends to do well when the Fed is cutting interest rates.

Donld Trump tariffs in limbo

The other major catalyst for the Dow Jones, S&P 500, and the Nasdaq 100 is the latest appeal decision on Donald Trump’s tariffs. In a ruling, a bench found that most of Trump’s tariffs are illegal, a move that the stock market would welcome. 

However, the court allowed the tariffs to remain, and the Trump administration appealed. Most analysts believe that the case will go all the way to the Supreme Court, which may side with the administration. 

Corporate earnings

The other minor catalysts for the indices and their ETFs will be corporate earnings. Just a handful of companies will publish their earnings, including names like Carnival, McCormick, Nike, Constellation Brands, and Lamb Weston.

The recent earnings season was highly successful. A report by FactSet shows that 98% of all companies in the S&P 500 Index have published their earnings. Of these 81% of them published an earnings beat, while the earnings growth was 11.9%. This was the third straight quarter of double-digit growth.

Top economic data

Another minor catalyst for the US stock market will be macro data from the United States and other countries. The top data to watch will be the final manufacturing and services PMI, JOLTs job vacancies, and ADP private sector data. 

While important, their impact on the stock market will be muted since all eyes will be on the nonfarm payroll (NFP) data.

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Marvell stock price plummeted by over 18% on Friday after the semiconductor giant published its earnings report. MRVL plunged to a low of $62.87, its lowest level since June 4, and 26% from its highest point this month. So, is it safe to buy the MRVL stock dip or wait for it to plunge further?

Marvell stock plunged after earnings

Marvell Technology’s stock price plummeted even after the company published strong financial results. Its revenue surged by 58% in the second quarter to a record $2 billion.

This revenue growth was driven primarily by the tailwinds in the artificial intelligence (AI) industry and the recovery of it enterprise networking and carrier infrastructure businesses.

AI data center revenue jumped by 70% to $1.4 billion, a trend that may continue as it continues to reach large deals. Its enterprise and carrier revenye rose by 43%, a strong improvement considering that it has been in a slowdown in the past few quarters. 

Marvell’s revenue growth was accompanied by its margin expansion. Gross margin rose to 50.4% from the previous 50.3%, while the operating margin rose to 14.5%. This helped to push its net profit up by 120% to $585 million. The CEO said:

“Marvell’s growth is being fueled by strong AI demand for our custom silicon and electro-optics products, as well as a significant increase in the pace of recovery in our enterprise networking and carrier infrastructure end markets.”

The main reason why the Marvell stock price crashed is that the managment’s forward guidance was weaker than expected. Its guidance was that its revenue for the third quarter will be $2.06 billion, a 36% increase from the same period last year. 

While a 36% annual growth is a good one, it was lower than what analysts were expecting. Historically, Marvell tends to be highly conservative, meaning that its real numbers will likely be better than estimates. 

Marvell stock price also plunged after Nvidia, a top player in the chip industry, warned that its business was slowing. Also, there is a fear that some Chinese companies will disrupt the semiconductor industry. 

MRVL stock price technical analysis

The daily timeframe chart shows that the MRVL stock price has plunged from its highest point in January, when its market cap overtook that of Intel. 

It plunged from a high of $127.30 in January to a low of $47.50 in April. Most recently, the stock formed an ascending channel, which was part of its bearish flag pattern. It has moved below the lower side of this pattern.

Marvell stock price has moved below the 50-day and 100-day Exponential Moving Averages (EMA). It has moved to the strong, pivot, reverse point of the Murrey Math Lines tool. 

Therefore, the most likely scenario is where the Marvell stock price continues plunging, potentially to the year-to-date low of $47.50. It will then bounce back later this year.

Read more: JPM says ignore earnings noise and buy Marvell stock like there’s no tomorrow

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