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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

Archive
- 4/26/2024 -
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Marriott Int'l. (MAR) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Broken trend support line20 Day Moving Average has crossed below the 50 Day Moving AverageStochastic has raised above the signal line
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It was a first positive week for the Marriott Int'l. (MAR). During the week, the MAR gained 4.84 points, or 2.05%, and closed at 240.84 on Friday, April 26, 2024. Weekly volume was -18% 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 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 (107.58) 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 (197.11) 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.

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 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 (258.03) is broken. A broken support is considered to be a long-term bearish signal. 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 technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 below its signal line since April 11, 2024.

During the last week, the 20 Day Moving Average 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.20
Williams' Percentage Range (W%R) 76.10
Lane's Stochastic (%D-Slow) 29.50
Greed/Fear Indicator (GFI) 28.53
Moving Average Converg./Diverg. (MACD) -1.78
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.79
Williams' Percentage Range (W%R) 33.90
Lane's Stochastic (%D-Slow) 60.43
Greed/Fear Indicator (GFI) 58.96
Moving Average Converg./Diverg. (MACD) 13.47
Trading Signals
Description Value Chart
Weekly Trendline Resistance 268.70
Upper Bollinger Band 258.76
Weekly Trendline Support 258.03
Weekly Stochastic Crossing 248.62
50 Day Moving Average 248.13
Parabolic System 247.54
20 Day Moving Average 246.74
Monthly Trendline Resistance 243.26
Price 240.84
Daily Stochastic Crossing 239.69
Lower Bollinger Band 231.36
Quarterly Trendline Resistance 229.35
Monthly Trendline Support 208.21
Yearly Trendline Resistance 204.90
Quarterly Trendline Support 197.11
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 4
Industry Hotels, Resorts & Cruise Lines 78
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 260.57
High Date 04/11/2024
Low 234.55
Low Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 268.70
Support 258.03
Low 180.75
Low Date 11/02/2023
High 260.57
High Date 04/11/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 243.26
Support 208.21
Low 131.01
Low Date 06/23/2022
High 260.57
High Date 04/11/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 229.35
Support 197.11
Low 46.56
Low Date 03/18/2020
High 260.57
High Date 04/11/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 204.90
Support 107.58
Low 11.88
Low Date 11/21/2008
High 260.57
High Date 04/11/2024
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.