Marvell stock rebounded bullishly after absorbing early selling pressure, closing at $229.71 on September 16. MRVL now trades above all key daily moving averages in a textbook uptrend, with the AI custom silicon narrative continuing to drive sentiment despite recent volatility.

Key takeaways

• MRVL closed at $229.71, recovering from an open of $226.73 after trading in a wide $224.58–$233.77 range on volume of 16.27 million shares
• Price sits above the 20-day, 50-day, and 200-day EMAs in a stacked bullish alignment
• Daily RSI at 52.65 leaves room for further upside without triggering overbought conditions
• The bullish scenario targets resistance at $234.13, with the upper…