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Downtrend Broken Resistance

Downtrend Broken 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. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend 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 resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 1/3/2025 -
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Marriott Int'l. (MAR) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtBroken trend resistance line
Daily :Williams' Percentage Range is oversoldMACD bullish divergencePrice has crossed below the 50 Day Moving AverageBroken trend support line
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It was the negative week for the Marriott Int'l. (MAR). During the week, the MAR dropped -8.40 points, or -2.96%, and closed at 275.30 on Friday, January 3, 2025. It was the worst weekly loss since August 2, 2024. Weekly volume was -17% below average.

MAR is a member of Consumer Discretionary Sector. Consumer Discretionary is the 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 (111.91) 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 220.11 and resistance is at 297.09. 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 weekly MACD line is above its signal line since September 20, 2024. 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 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 uptrend support line (284.46) 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. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since November 26, 2024.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.29
Williams' Percentage Range (W%R) 83.20
Oversold
Lane's Stochastic (%D-Slow) 22.30
Greed/Fear Indicator (GFI) 23.79
Moving Average Converg./Diverg. (MACD) 0.86 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.71
Williams' Percentage Range (W%R) 23.50
Lane's Stochastic (%D-Slow) 80.28
Overbought
Greed/Fear Indicator (GFI) 70.82
Moving Average Converg./Diverg. (MACD) 11.53
Trading Signals
Description Value Chart
Weekly Trendline Resistance 309.34
Monthly Trendline Resistance 297.09
Upper Bollinger Band 293.33
Weekly Stochastic Crossing 289.26
20 Day Moving Average 284.88
Weekly Trendline Support 284.46
Parabolic System 284.06
50 Day Moving Average 279.60
Price 275.30
Daily Stochastic Crossing 274.71
Lower Bollinger Band 271.31
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 9
Industry Hotels, Resorts & Cruise Lines 115
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 295.45
High Date 12/06/2024
Low 272.20
Low Date 01/03/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 309.34
Support 284.46
Low 204.55
Low Date 08/05/2024
High 295.45
High Date 12/06/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 297.09
Support 220.11
Low 131.01
Low Date 06/23/2022
High 295.45
High Date 12/06/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.56
Low Date 03/18/2020
High 295.45
High Date 12/06/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 213.52
Support 111.91
Low 11.88
Low Date 11/21/2008
High 295.45
High Date 12/06/2024
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.