MARTEN TRANSPORT LTD (MRTN) Stock Technical Analysis
USA - NASDAQ:MRTN - US5730751089 - Common Stock
Taking everything into account, MRTN scores 0 out of 10 in our technical rating. MRTN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, MRTN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 9.72, a Stop Loss order could be placed below this zone.
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9.61
When analyzing the support we notice one important area.
- A support zone ranging from 9.71 to 9.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- A resistance zone ranging from 10.19 to 10.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 10.65 to 10.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.06 to 11.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @11.47 from a trend line in the weekly time frame.
- Resistance @13.98 from a horizontal line in the daily time frame.
- Resistance @14.61 from a trend 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 | DOWN | NEGATIVE | The short term trend for MRTN is down. |
| ChartMill Relative Strength | 9.22 | NEGATIVE | MRTN has a low relative strength, it was outperformed by 90.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MRTN is below a declining 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) | 37.47 | NEUTRAL | The RSI value for MRTN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MRTN has a positive trend. |
| Stochastics (14,3) | 20.2 | NEUTRAL | The Stochastics value for MRTN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for MRTN suggests some volalility. |
| Average Directional Index/ADX (14) | 28.02 | POSITIVE | The high ADX value value for MRTN suggests a strong trend. |
9.83
-0.05 (-0.51%)
MARTEN TRANSPORT LTD / MRTN FAQ
Can you provide the ChartMill technical rating for MARTEN TRANSPORT LTD?
ChartMill assigns a technical rating of 0 / 10 to MRTN.
What is the current trend direction of MARTEN TRANSPORT LTD (MRTN) stock?
The current trend direction for MARTEN TRANSPORT LTD (MRTN) is Bearish.
What is the RSI signal for MRTN stock?
MARTEN TRANSPORT LTD (MRTN) has an RSI value of 37.4731. This indicates that the stock is currently neutral.
What is the MACD signal for MRTN stock?
The MACD indicator for MARTEN TRANSPORT LTD (MRTN) has a value of 0.00711976, indicating a bearish trend.
What is the support and resistance level for MRTN stock?
MARTEN TRANSPORT LTD (MRTN) has a support level at 9.72 and a resistance level at 10.19. Check the full technical report for our detailed analysis of MRTN support and resistance levels.