MAR breaks below prior session low
Marriott International (MAR) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
Moving lower for the 4th day in a row, MAR ended the week -6.26% lower at 120.16 after losing $0.63 (-0.52%) today. Today's closing price of 120.16 marks the lowest close since November 10, 2017. Trading $1.07 higher after the open, Marriott Int'l. was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Thursday's low at 120.61, the share confirms its breakout through the previous session's low having traded $0.83 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (MAR as at Aug 10, 2018):
Friday's trading range was $1.86 (1.54%), that's below last trading month's daily average range of $2.58. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being way above average.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.