MAR breaks below prior session low


Marriott Int'l. (MAR) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team

Highlights

MAR closes below its opening price unable to hold early session gains
MAR closes lower for the 4th day in a row
MAR breaks below previous session low
MAR falls to lowest close since November 10, 2017
MAR ends the day indecisive

Overview

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):

Daily technical analysis candlestick chart for Marriott Int'l. (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.


Market Conditions for MAR as at Aug 10, 2018

Loading Market Conditions for MAR (Marriott Int'l.)...
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