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Archive
- 12/13/2024 -
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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 -5.49 points, or -1.88%, and closed at 287.10 on Friday, December 13, 2024. It was the worst weekly loss since September 6, 2024. Weekly volume was -33% below average.
MAR is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See MAR long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 11.88 and reached 295.45 on December 6, 2024. MAR gained -283.57 points, or -2386.95%, in 837 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (111.59) 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 June 23, 2022 at 131.01 and reached 295.45 on December 6, 2024. MAR gained -164.44 points, or -125.52%, in 128 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 218.30 and resistance is at 294.19. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See MAR weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. 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. 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 September 20, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 295.45 on December 6, 2024. MAR gained -90.90 points, or -44.44%, in 123 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 274.23 and resistance is at 296.58. 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 November 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.
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