Overall MRTN gets a technical rating of 5 out of 10. In the past year, MRTN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
MRTN has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 11.44, a Stop Loss order could be placed below this zone.
More info and screens
11.31
We found 1 important support area.
- A support zone ranging from 11.42 to 11.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 11.50 to 11.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.84 to 11.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.98 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for MRTN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MRTN is up. |
| ChartMill Relative Strength | 24.49 | NEGATIVE | MRTN has a low relative strength, it was outperformed by 75.51% 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) | DOWN | NEGATIVE | The current price of MRTN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.26 | NEUTRAL | The RSI value for MRTN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MRTN has a negative trend. |
| Stochastics (14,3) | 53.38 | NEUTRAL | The Stochastics value for MRTN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for MRTN suggests some volalility. |
| Average Directional Index/ADX (14) | 36.11 | POSITIVE | The high ADX value value for MRTN suggests a strong trend. |
11.49
-0.14 (-1.2%)
MARTEN TRANSPORT LTD / MRTN FAQ
Can you provide the ChartMill technical rating for MARTEN TRANSPORT LTD?
ChartMill assigns a technical rating of 5 / 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 59.264. 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 -0.0421532, indicating a bearish trend.
What is the support and resistance level for MRTN stock?
MARTEN TRANSPORT LTD (MRTN) has a support level at 11.44 and a resistance level at 11.5. Check the full technical report for our detailed analysis of MRTN support and resistance levels.