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Downtrend Broken Resist.Archive
- 9/6/2024 -
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Marriott Int'l. (MAR) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Marriott Int'l. (MAR). During the week, the MAR dropped -7.09 points, or -3.02%, and closed at 227.60 on Friday, September 6, 2024. Weekly volume was 37% 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 (109.86) 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 Channel chart pattern. The trend support level is at 205.77 and resistance is at 276.98. 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 medium-term trend.
 Weekly Technical Indicators: [See MAR weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. 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 August 5, 2024 at 204.55 and reached 235.43 on August 30, 2024. MAR gained -30.88 points, or -15.10%, in 25 days. The chart has formed a Rising Wedge chart pattern.
Daily Technical Indicators: [See MAR daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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.
The daily MACD line is above its signal line since August 15, 2024. This is an indication that the short-term trend is up.
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 price is close to the moving average in the center of the Bollinger Bands. 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.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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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