News Image

In-Depth Technical Analysis of MARRIOTT INTERNATIONAL -CL A.

By Mill Chart

Last update: Apr 11, 2024

MARRIOTT INTERNATIONAL -CL A (NASDAQ:MAR) was identified as a Technical Breakout Setup Pattern by our stockscreener. Such a pattern occurs when we see a pause in a strong uptrend: after a strong rise the stock is consolidating a bit and at some point the trend may be continued. Whether this actually happens can not be predicted of course, but it may be a good idea to keep and eye on NASDAQ:MAR.

MAR Daily chart on 2024-04-11

Insights from Technical Analysis

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

Overall MAR gets a technical rating of 10 out of 10. Both in the recent history as in the last year, MAR has proven to be a steady performer, scoring decent points in every aspect analyzed.

  • The long and short term trends are both positive. This is looking good!
  • Looking at the yearly performance, MAR did better than 88% of all other stocks. On top of that, MAR also shows a nice and consistent pattern of rising prices.
  • MAR is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 84% of 135 stocks in the same industry.
  • MAR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
  • In the last month MAR has a been trading in a tight range between 243.36 and 256.53.

Check the latest full technical report of MAR for a complete technical analysis.

Looking at the Setup

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NASDAQ:MAR is 9:

MAR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 255.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 252.23, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MAR in the last couple of days, which is a good sign.

How can NASDAQ:MAR be traded?

To potentially initiate a trade, it is common practice to wait for the stock to break out of the consolidation zone. This breakout signifies a potential upward movement, and traders may enter the stock at that point. Conversely, if the stock falls back below the consolidation zone, it may be sold at a loss.

This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.

Our Breakout screener lists more breakout setups and is updated daily.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.

Back

MARRIOTT INTERNATIONAL -CL A

NASDAQ:MAR (5/17/2024, 7:11:59 PM)

After market: 235.75 -1.98 (-0.83%)

237.73

-1.23 (-0.51%)

MAR News

News Image3 days ago - InvestorPlace7 Cheap Nasdaq Stocks to Buy Now: May 2024

These are some of the top cheap Nasdaq stocks to buy that can reward long-term investors. Discover these promising picks.

News Image3 days ago - Marriott International Caribbean & Latin AmericaJW Marriott, Renaissance, and Courtyard Santo Domingo Invite Travelers to Escape to this Capital City

/PRNewswire/ -- As travelers look to explore new cities and destinations across the Caribbean, Marriott International properties invite seasoned and new...

News Image8 days ago - Marriott International, Inc.MARRIOTT INTERNATIONAL DECLARES AN INCREASE IN QUARTERLY CASH DIVIDEND

/PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) today announced that its board of directors declared a quarterly cash dividend of 63 cents per share...

News Image12 days ago - KKRKKR and Marriott International to Launch Midscale Hospitality Segment in Japan with Four Points Express by Sheraton
News Image15 days ago - InvestorPlaceStock Market Crash Alert: 7 Must-Buy Stocks When Prices Plunge

These stocks to buy for a market crash can deliver impressive long-term returns for investors. Monitor these stocks for any dips.

News Image16 days ago - Investor's Business DailyMGM Resorts Stock Rallies On Q1 Results, Upgrade; Posts Record Revenue From China, Las Vegas

MGM Resorts stock received an upgrade, wave of price target hikes Thursday after beating Q1 estimates.

News Image17 days ago - InvestorPlaceMAR Stock Earnings: Marriott Intl Misses EPS, Beats Revenue for Q1 2024

MAR stock results show that Marriott Intl missed analyst estimates for earnings per share but beat on revenue for the first quarter of 2024.

News Image21 days ago - InvestorPlaceThe Top 3 Travel Stocks to Buy in April 2024

Explore the top travel stocks with consumer resilience shining amid economic challenges, promising healthy returns from lower travel costs.

News Image22 days ago - Market News VideoJune 7th Options Now Available For Marriott International
News Image22 days ago - InvestorPlaceThe Top 3 Stocks to Buy in April 2024

Investors looking for long-term returns may want to consider adding these top stocks for April to their portfolios.

News Image22 days ago - InvestorPlaceThe Top 3 S&P 500 Stocks to Buy in April 2024

Looking to outperform the stock market? These top S&P 500 stocks have the potential to deliver outsized returns.

News Image22 days ago - BusinessInsiderThe Top 3 S&P 500 Stocks to Buy in April 2024

InvestorPlace - Stock Market News, Stock Advice & Trading Tips The S&P 500 has been a solid index for long-term investors. Some years are ...

MAR Links
Follow us for more