Marriott Intl.: fifth consecutive positive trading session, watch today closing

Major oscillators confirm the upward trend. Marked fifth consecutive positive trading session. We suggest to monitore Marriott Intl. today closing.

Marriott Intl., March 21 stock closing price was $89.10 (+0.47%). New bullish technical picture drawn on daily chart (high2 < high1, high1 < high, low2 < low1, low1 < low, close > close1, close1 > close2). For intraday trading session the technical view is positive and leaves assume the up-trend continuation. However, we can’t exclude retracements towards the most significant support levels. The major oscillators confirm the upward trend. Marked fifth consecutive positive trading session. We suggest to monitore today closing.
MARRIOTT INTL

View the interactive chart on ProRealTime.com

Simple Moving Average (SMA)
Marriott Intl. quotes are above the 14 days moving average (SMA value is 87.27). The short term view is therefore bullish, however for today trading session we can’t exclude retracements towards the most significant support levels.
Volumes
Marriott Intl. daily chart shows an increase in volumes compared to the previous day. This could be a sign of a significant move to come.


Support and Resistance levels
7, 15 and 30 trading days Performance. Support, Resistance and Pivot Point levels. Last updated closing price: 21/03/2017.

Performance: 7 trading days= +2.38% – 15 trading days= +0.69% – 30 trading days= +3.83%

Resistance levels: R1= 90.89 – R2= 92.68 – R3= 95.58
Pivot Point: 89.78
Support levels: S1= 87.99 – S2= 86.88 – S3= 83.98


Buying opportunity above 89.41, targets minor resistance at 90.55 and perhaps as far as strong resistance at 91.32, where sellers could regain control. Above that level it could trigger an acceleration to the upside with the next target at 93.35.

Selling opportunity below 88.75, targets minor support at 87.60 and perhaps as far as strong support at 86.85, where buyers could get back into the market. Below that level we could expect a bearish downward movement with the next target at 84.83.

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