Marvell is still one of the top picks on Wall Street within the AI sector. Based on TipRanks, which comprises some of Wall Street’s top analysts, the stock has an average price target of $93.71 over the next 12 months. This is an upside potential of 25% from the current share price of $74.87. Looking at the weekly chart, we can see that the uptrend remains intact with the trendline continuing to provide support. The next point of resistance is around $78.97 followed by the key resistance of $85.76. A break above $85.76 may pave the pathway for a test of the all-time high of $93.85. However, a cautious approach should remain with the possibility of increased volatility heading into the US elections and the policy changes. Towards the downside, support for the near-term reads $65.52. A fall below here could see investors look towards the supportive trendline once again, with the support level reading around $60.77. Looking at the technical indicators, in our opinion they present a neutral approach with a slight bullish bias. The MACD is seen turning positive this week, but today’s session is yet to occur. Hence, today’s finish would need to be strong to create greater confidence. The RSI reads 55 but it's moving sideways for the time being.