RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MRTN
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Marten Transport stock price up 0.0543% on Wednesday
(Updated on Mar 27, 2024)

Sell candidate since Mar 22, 2024 Gain 1.65% PDF

The Marten Transport stock price gained 0.0543% on the last trading day (Wednesday, 27th Mar 2024), rising from $18.43 to $18.44. During the last trading day the stock fluctuated 0.98% from a day low at $18.40 to a day high of $18.58. The price has fallen in 6 of the last 10 days and is down by -2.9% for this period. Volume fell on the last day by -172 thousand shares and in total, 364 thousand shares were bought and sold for approximately $6.71 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.84% during the next 3 months and, with a 90% probability hold a price between $15.48 and $17.21 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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MRTN Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 1.93%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Marten Transport stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $18.90. On a fall, the stock will find some support from the short-term average at $18.32. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Marten Transport stock

Marten Transport finds support from accumulated volume at $18.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.180 between high and low, or 0.98%. For the last week the stock has had daily average volatility of 1.68%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MRTN) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Marten Transport to open at $18.47, and during the day (based on 14 day Average True Range), to move between $18.02 and $18.86, which gives a possible trading interval of +/-$0.422 (+/-2.29%) up or down from last closing price. If Marten Transport takes out the full calculated possible swing range there will be an estimated 4.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $18.43 (0.05%) than the resistance at $18.59 (0.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Marten Transport stock A Buy?

Marten Transport holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.452 Sell Candidate Unchanged

Predicted Opening Price for Marten Transport of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$18.47 ( 0.181%) $18.44

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MRTN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 18.65 1.16 %
R2 18.58 0.784 %
R1 18.54 0.554 %
Current price: 18.44
Support S1 18.40 -0.192 %
S2 18.36 -0.422 %
S3 18.29 -0.795 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 19.02 3.15 %
R2 18.61 0.92 %
R1 18.59 0.81 %
Current price 18.44
Support S1 18.43 -0.0542%
S2 18.31 -0.705%
S3 18.09 -1.90%

MRTN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 20, 2024 Mar 14, 2024 Mar 29, 2024 $0.0600 0.325%
2 Nov 30, 2023 Dec 14, 2023 Dec 29, 2023 $0.0600 0.286%
3 Aug 15, 2023 Sep 14, 2023 Sep 29, 2023 $0.0600 0.304%
4 May 02, 2023 Jun 15, 2023 Jun 30, 2023 $0.0600 0.279%
5 Feb 20, 2023 Mar 16, 2023 Mar 31, 2023 $0.0600 0.286%

FAQ

What is the symbol for Marten Transport Stock and on which exchange is it traded?
The symbol for Marten Transport is MRTN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Marten Transport Stock?
Marten Transport holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Marten Transport Stock?
Marten Transport Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Marten Transport Stock.

What's the current price of Marten Transport Stock?
As of the end of day on the 2024-03-27, the price of an Marten Transport (MRTN) share was $18.44.

What is the 52-week high and low for Marten Transport Stock?
The 52-week high for Marten Transport Stock is $23.38 and the 52-week low is $17.34.

What is the market capitalization of Marten Transport Stock?
As of the 2024-03-27, the market capitalization of Marten Transport is 1.499B.

When is the next earnings date for Marten Transport?
The upcoming earnings date for Marten Transport is Apr 16, 2024.
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About Marten Transport

Marten Transport Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment. The Dedicated segment offers customized transportation solutions for individual customers' require... MRTN Profile

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