MARTEN TRANSPORT LTD (MRTN) Stock Technical Analysis
NASDAQ:MRTN • US5730751089
Taking everything into account, MRTN scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MRTN is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- A new 52 week high is currently being made by MRTN, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month MRTN has a been trading in the 12.10 - 15.42 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, MRTN did better than 73% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- MRTN is part of the Ground Transportation industry. There are 42 other stocks in this industry, MRTN did better than 63% of them.
Although MRTN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
12.17
We found 4 important support areas.
- A support zone ranging from 13.52 to 13.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 13.14 to 13.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @12.87 from a horizontal line in the daily time frame.
- A support zone ranging from 12.29 to 12.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 13.91 to 13.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for MRTN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MRTN is up. |
| ChartMill Relative Strength | 73.53 | POSITIVE | MRTN has a high relative strength, it outperformed 73.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MRTN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MRTN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MRTN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.04 | NEUTRAL | The RSI value for MRTN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MRTN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.76 | NEUTRAL | The Stochastics value for MRTN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.1 | MEDIUM VOLATILITY | The ATR as a percentage value for MRTN suggests some volalility. |
| Average Directional Index/ADX (14) | 33.6 | POSITIVE | The high ADX value value for MRTN suggests a strong trend. |
13.9
+0.27 (+1.98%)
MARTEN TRANSPORT LTD / MRTN FAQ
Can you provide the ChartMill technical rating for MARTEN TRANSPORT LTD?
ChartMill assigns a technical rating of 8 / 10 to MRTN.
What is the trend direction for MRTN stock?
The current trend direction for MARTEN TRANSPORT LTD (MRTN) is Bullish.
What is the RSI signal for MRTN stock?
MARTEN TRANSPORT LTD (MRTN) has an RSI value of 66.0432. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MARTEN TRANSPORT LTD?
The short term momentum for MARTEN TRANSPORT LTD (MRTN) is positive.
What are the support and resistance levels for MARTEN TRANSPORT LTD (MRTN) stock?
MARTEN TRANSPORT LTD (MRTN) has a support level at 13.73 and a resistance level at 13.91. Check the full technical report for our detailed analysis of MRTN support and resistance levels.