MARTEN TRANSPORT LTD (MRTN) Stock Technical Analysis
NASDAQ:MRTN - Nasdaq - US5730751089 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to MRTN. MRTN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, MRTN is a bad performer in the overall market: 88% of all stocks are doing better.
MRTN is one of the lesser performing stocks in the Ground Transportation industry. 79% of 40 stocks in the same industry do better.
MRTN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
MRTN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
MRTN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 12.74, a Stop Loss order could be placed below this zone.
More info and screens
12.55
18.28
When analyzing the support we notice one important area.
- A support zone ranging from 12.68 to 12.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 13.04 to 13.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.62 to 13.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.64 from a trend line in the weekly time frame.
- Resistance @18.10 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for MRTN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MRTN is neutral. |
| ChartMill Relative Strength | 12.31 | NEGATIVE | MRTN has a low relative strength, it was outperformed by 87.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MRTN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MRTN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MRTN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.42 | NEUTRAL | The RSI value for MRTN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests MRTN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.81 | NEUTRAL | The Stochastics value for MRTN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for MRTN suggests some volalility. |
| Average Directional Index/ADX (14) | 17.26 | NEGATIVE | The low ADX value for MRTN suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
13
-0.03 (-0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg-0.23%
1 Week1.96%
2 Weeks-5.11%
1 Month0.93%
3 Month0.62%
6 Month-18.44%
12 Month-30.15%
2 Year-42.63%
3 Year-39.7%
5 Year-26.75%
10 Year67.61%
15 Year114.57%
Volatility
ATR(14)0.38
ATR(20)%2.94%
ATR Inc-25.39%
Range Today0.33
ADR(20)0.38
ADR(20)%2.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.31
Mansfield-2.21
10 Day High13.79
10 Day Low12.54
20 Day High14.16
20 Day Low12.54
52 Week High19.26
52 Week Low12.52
CS1 End12.74
CR1 Start13.04
Volume & EV
DER(3)1.66%
DER(5)-0.06%
Volume473.60K
Volume Incr8.84%
Vol(5)577.68K
Vol(50)486.52K