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- 4/5/2024 -
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Marriott Int'l. (MAR) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtMACD bearish divergenceBroken trend resistance lineBroken trend resistance line
Daily :The price has fallen below the Parabolic SARThe Bollinger Bands are historically close together
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It was a first positive week for the Marriott Int'l. (MAR). During the week, the MAR climbed 1.62 points, or 0.64%, and closed at 253.93 on Friday, April 5, 2024. Weekly volume was -23% below average.

Long-term trend: [See MAR long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 11.88 and reached 256.53 on March 22, 2024. MAR gained -244.65 points, or -2059.34%, in 800 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (107.20) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See MAR medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 46.56 and reached 256.53 on March 22, 2024. MAR gained -209.97 points, or -450.97%, in 209 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (194.92) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See MAR weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See MAR short-term trend chart]
A short-term uptrend had started on November 2, 2023 at 180.75 and reached 256.53 on March 22, 2024. MAR gained -75.78 points, or -41.93%, in 141 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 251.89 and resistance is at 262.81. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See MAR daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since March 26, 2024. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The distance between the Bollinger Bands (4.33%) is close to one year low (4.23%). It is 50.52% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.79
Williams' Percentage Range (W%R) 57.90
Lane's Stochastic (%D-Slow) 39.45
Greed/Fear Indicator (GFI) 49.10
Moving Average Converg./Diverg. (MACD) 1.85
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.38
Williams' Percentage Range (W%R) 12.20
Overbought
Lane's Stochastic (%D-Slow) 85.47
Overbought
Greed/Fear Indicator (GFI) 78.06
Moving Average Converg./Diverg. (MACD) 13.75 Bearish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 262.81
Upper Bollinger Band 255.90
Parabolic System 255.24
Price 253.93
Weekly Stochastic Crossing 252.85
Weekly Trendline Support 251.89
20 Day Moving Average 250.92
Daily Stochastic Crossing 249.90
50 Day Moving Average 247.49
Lower Bollinger Band 244.90
Monthly Trendline Resistance 240.56
Quarterly Trendline Resistance 228.12
Monthly Trendline Support 205.51
Yearly Trendline Resistance 204.16
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Hotels, Resorts & Cruise Lines 76
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 243.36
Low Date 03/15/2024
High 256.53
High Date 03/22/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 262.81
Support 251.89
Low 180.75
Low Date 11/02/2023
High 256.53
High Date 03/22/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 240.56
Support 205.51
Low 131.01
Low Date 06/23/2022
High 256.53
High Date 03/22/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 228.12
Support 194.92
Low 46.56
Low Date 03/18/2020
High 256.53
High Date 03/22/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 204.16
Support 107.20
Low 11.88
Low Date 11/21/2008
High 256.53
High Date 03/22/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.