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Archive - 4/19/2024 - Sign In to see current Signals. |
Marriott Int'l. (MAR) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Marriott Int'l. (MAR). During the week, the MAR dropped -15.06 points, or -6.00%, and closed at 236.00 on Friday, April 19, 2024. Weekly volume was 8% above 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 260.57 on April 11, 2024. MAR gained -248.69 points, or -2093.35%, in 802 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (107.45) 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 260.57 on April 11, 2024. MAR gained -214.01 points, or -459.64%, in 212 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (196.38) 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 technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic help. During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 260.57 on April 11, 2024. MAR gained -79.82 points, or -44.16%, in 161 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (255.35) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. MAR may retest the broken support line. It is considered to be a resistance line now. 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 support in a short-term trend. Daily Technical Indicators: [See MAR daily technical indicators chart] Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Use the following link to access Williams' Percentage Range help. The daily MACD line is below its signal line since April 11, 2024. The distance between MACD and the signal line is near its high and 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. During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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