Marriott International Stock Forecast
Evaluation of Marriott International stock downgraded after the last trading session.
(Updated on Mar 28, 2024)
The Marriott International stock price fell by -0.493% on the last day (Thursday, 28th Mar 2024) from $253.56 to $252.31. During the last trading day the stock fluctuated 1.37% from a day low at $251.65 to a day high of $255.10. The price has risen in 6 of the last 10 days and is up by 1.74% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -69 thousand shares and in total, 992 thousand shares were bought and sold for approximately $250.33 million.
The stock lies in the middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.09% during the next 3 months and, with a 90% probability hold a price between $280.33 and $291.44 at the end of this 3-month period.
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MAR Signals & Forecast
The Marriott International stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $253.52. On a fall, the stock will find some support from the long-term average at approximately $248.21. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -1.16%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Marriott International stock
Marriott International finds support from accumulated volume at $244.07 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 $3.45 between high and low, or 1.37%. For the last week the stock has had daily average volatility of 1.24%.
Our recommended stop-loss: $241.49 (-4.29%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (MAR) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Marriott International to open at $253.02, and during the day (based on 14 day Average True Range), to move between $248.48 and $256.14, which gives a possible trading interval of +/-$3.83 (+/-1.52%) up or down from last closing price. If Marriott International takes out the full calculated possible swing range there will be an estimated 3.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $254.05 (0.69%) than the support at $244.07 (3.27%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Marriott International stock A Buy?
Marriott International holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.100 Hold/Accumulate Downgraded
Predicted Opening Price for Marriott International of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$253.02 ( 0.281%) | $252.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 256.47 | 1.65 % | |
R2 | 255.15 | 1.13 % | ||
R1 | 254.34 | 0.80 % | ||
Current price: | 252.31 | |||
Support | S1 | 251.70 | -0.241 % | |
S2 | 250.89 | -0.564 % | ||
S3 | 249.57 | -1.09 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 255.27 | 1.17 % | |
R2 | 255.16 | 1.13 % | ||
R1 | 254.05 | 0.690 % | ||
Current price | 252.31 | |||
Support | S1 | 244.07 | -3.27% | |
S2 | 235.39 | -6.71% | ||
S3 | 234.94 | -6.88% |
MAR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 08, 2024 | Feb 21, 2024 | Mar 29, 2024 | $0.520 | 0.206% |
2 | Nov 09, 2023 | Nov 21, 2023 | Dec 29, 2023 | $0.520 | 0.231% |
3 | Aug 03, 2023 | Aug 17, 2023 | Sep 29, 2023 | $0.520 | 0.265% |
4 | Aug 03, 2023 | Aug 16, 2023 | Sep 29, 2023 | $0.520 | 0.265% |
5 | May 12, 2023 | May 25, 2023 | Jun 30, 2023 | $0.520 | 0.283% |
FAQ
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