Marriott International (Nasdaq: MAR) Looks Strong
In today's market landscape, identifying lucrative trading opportunities requires a keen eye for detail and a systematic approach. That's why I'm excited to share with you a prime opportunity offered by Marriott International (Nasdaq: MAR).
Marriott International stands tall as the second largest hotel company...
Dive into the world of NASDAQ:MAR (Marriott International, Inc.) as we explore why it might be gearing up for a bullish ride. We'll break down the basics in a way that's easy to understand, helping you see why it could soar past its previous highest value.
Understanding the Buying Range:
Think of NASDAQ:MAR 's buying range like a green light zone, stretching...
Technicals:
Marriott is showing promising signs, with a pivot point set at 238. As long as it holds above this mark, I'm leaning towards a bullish outlook, anticipating further gains. However, if it slips below $238, we might see support levels at $231 and $227, so it's worth keeping an eye on those.
Checking the indicators, the RSI is above 70, meaning either a...
This is more on the riskier side. So we need to adjust our risk tolerance accordingly. Based on the levels on daily, weekly, and 4h, I believe Marriott has the potential to go for a dive low to find support before it goes higher.
For now its holding the top, but if and when the sellers take over, it could be a quick ride down. As you probably have seen from my...
MAR just formed a beautiful inverted Cup and Handle pattern.
Once 190 breaks, a deep volume shelf break, free fall upto 175, which is the next volume shelf
Downside Target 175.
This is a double down post.
Squirmy while trying to bottom on the RSI.
Buy signal today - if you're being conservative - according to this short backtest.
Last MAR post was a riskier/predictive entry.
We can see the early start of what looks like a rejection forming today in MAR. With strong performance leading up to a key order block (OB) level. We see a candle with a long, upward tail, indicating that some selling has occurred. Investorplace has been recommending selling stocks like MAR at or near the 52 week highs. As time goes on, other stocks may show...
ATH 195.90. (ATH = All time high)
All Triangles are neutral until broken.
Top line is linear and bottom line slopes up.
Earnings 8-3-23/estimated.
Analysts appear positive on earnings.
No recommendation.
52 Week Range
131.01
183.33
Day Range
173.77
178.84
EPS (FWD)
8.36
PE (FWD)
21.70
Div Rate (TTM)
$1.62
Yield (TTM)
0.89%
Short Interest
2.43%
Market...
NASDAQ:MAR #MAR Its hard to see we are in bad economy when a hotel chain's stock is close to all time high and forming cup & handle ☕️. Break out could see $220. Break down could see $160. 🫢
#MAR has broken out of its correction and is half way to its destination and possibly further.
Look for small buy setups along the way and don't forget to take your profits at your planned targets.
Marriott International, Inc. is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 8,300 properties under 30 leading brands spanning 138 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world.
Marriott has been gaining from pent-up leisure demand, reopening international...
Testing a strat, got some backtest info on here.
RSI gets into ~50 range and we hold 150, Im gonna look to swing late april/earnings exp calls. slightly OTM, will roll down strike if we dip after a buy.
Fundementals are the same as my other long
Bull case:
- Holding the YTD AVWAP
- RSI divergence cleared up some overbought conditions (4hr chart)
- Good earnings and guidance
- Consumer is still spending like a maniac (credit cards)
- Seasonality is favorable
Bear case:
- No reopening in China
- High likelihood of higher rates (macro)
If last year's action is any indicator, some downside is not...
Double top in recent months, overbought (typically presents opportunity to short when over-extended), daily curling on MACD, false crossover on MA 50/200, trend resistance long term on weekly chart
