Marvell Technology Inc (NASDAQ:MRVL) will be reporting its third-quarter earnings on Tuesday. Wall Street expects 41 cents in EPS and $1.46 billion in revenues as the company reports after market hours.

The stock is up 86.35% over the past year, 42.09% over the past six months.

Let's look at what the charts indicate for Marvell stock and how the stock currently maps against Wall Street estimates.

Read Also: Marvell Technology Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Marvell Stock Chart In Strong Bullish Momentum Ahead Of Q3 Earnings

Marvell stock is exhibiting strong bullish momentum, supported by technical indicators.

Chart created using Benzinga Pro

The stock's price of $96.74 is comfortably above its five, 20, and 50-day exponential moving averages, signaling a robust upward trend. The eight-day simple moving average at $93.40, 20-day SMA at $91.72 and 50-day SMA at $83.14 all confirm a bullish trajectory.

Additionally, MRVL's price is significantly above the 200-day SMA of $73.05, reinforcing its long-term strength. The MACD indicator at 3.15 points to sustained upward momentum, while an RSI (relative strength index) of 66.92 suggests the stock is approaching overbought territory but remains in bullish control.

Marvell Analysts See 17% Upside

Marvell Ratings & Consensus Estimates: The consensus analyst rating on Marvell stock stands at a Buy with a price target of $93.88. The latest analyst ratings from Evercore ISI, Susquehanna, and Oppenheimer imply a 17.35% upside for Marvell Technology with an average price target of $114.

MRVL Price Action: Marvell stock was down 0.7% at $96.08 at the time of publication Tuesday.

• S&P, Nasdaq Settle At Record Highs As Tesla, SMCI Surge: Fear Index Remains In 'Greed' Zone

Photo: Shutterstock