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

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.

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.