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Uptrend Broken Support

Uptrend Broken Support 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. Uptrend Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.

Uptrend Broken Support

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- 3/15/2024 -
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Marriott Int'l. (MAR) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineRelative Strength Index, Lane's Stochastic and MACD bearish divergenceBroken trend resistance lineBroken trend resistance line
Daily :Broken trend support lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was the negative week for the Marriott Int'l. (MAR). During the week, the MAR dropped -6.21 points, or -2.48%, and closed at 244.07 on Friday, March 15, 2024. Weekly volume was 15% 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 253.12 on March 13, 2024. MAR gained -241.24 points, or -2030.64%, in 798 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (106.85) 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 253.12 on March 13, 2024. MAR gained -206.56 points, or -443.64%, in 208 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (192.88) 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 Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and 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, Relative Strength Index 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. 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 253.12 on March 13, 2024. MAR gained -72.37 points, or -40.04%, in 132 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (249.58) 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.

The daily MACD line is below its signal line since February 12, 2024.

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 declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (4.56%) is close to one year low (4.27%). It is 50.79% 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) 37.57
Williams' Percentage Range (W%R) 47.00
Lane's Stochastic (%D-Slow) 48.17
Greed/Fear Indicator (GFI) 46.23
Moving Average Converg./Diverg. (MACD) 2.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.87
Bearish
Williams' Percentage Range (W%R) 9.60
Strong Overbought
Lane's Stochastic (%D-Slow) 85.49
Overbought Bearish
Greed/Fear Indicator (GFI) 78.16
Moving Average Converg./Diverg. (MACD) 12.95 Bearish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 261.92
Parabolic System 253.37
Upper Bollinger Band 252.47
Weekly Stochastic Crossing 250.46
Weekly Trendline Support 249.58
Daily Stochastic Crossing 248.01
20 Day Moving Average 247.90
Price 244.07
Lower Bollinger Band 241.35
50 Day Moving Average 241.17
Monthly Trendline Resistance 238.05
Quarterly Trendline Resistance 226.98
Yearly Trendline Resistance 203.46
Monthly Trendline Support 202.99
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Hotels, Resorts & Cruise Lines 64
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 245.69
Low Date 03/05/2024
High 253.12
High Date 03/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 261.92
Support 249.58
Low 180.75
Low Date 11/02/2023
High 253.12
High Date 03/13/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 238.05
Support 202.99
Low 131.01
Low Date 06/23/2022
High 253.12
High Date 03/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 226.98
Support 192.88
Low 46.56
Low Date 03/18/2020
High 253.12
High Date 03/13/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 203.46
Support 106.85
Low 11.88
Low Date 11/21/2008
High 253.12
High Date 03/13/2024
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.