- The stock price of Marriott International is trading above the 50-day and 100-day EMA levels.
- The stock price of Marriott International has a dividend yield of 1.02%.
Marriott International (NASDAQ: MAR) is a highly recognized global brand, known for its hotels. It was established by Jerry Baldwin, Gordon Sieg, and Brother Zev back in 1971.
Trend Analysis
On the daily time frame, we see that the stock price is rising and higher highs have been attained.
The company’s dividend payout is 18.27%, and the payout ratio is 0.91%. The stock pays a timely dividend to its shareholders. This is positive for the stock. The stock has a beta of 1.08. The stock’s beta is at the right level, indicating that the stock is neither too volatile nor too low.
The stock’s earnings are on an upswing. The quarterly profit margin has shown a rise along with the net income. The profit margin for Q2 2023 was 10.23% whereas for Q3 it is 12.46. This reflects a positive move for the stock.
According to analysts, the projected target price for MAR in the upcoming year is $113.69, and it’s anticipated to yield a return of 18.14%.
MAR stock has shown a return of 27% in the last six months. The stock is moving in a narrow range, and the price has recently made a fresh all-time high. The price is likely to break above the resistance level and make a new high in the future.
Marriott International (MAR) Stock Price Analysis
ss by writer50_tcr on TradingView.com
Indicators’ Outlook
When we look at Marriott International’s stock, we can see that both the 50-day and 100-day EMAs are currently positioned below the current price level. This alignment of EMAs strongly hints at the possibility of a price increase in the near future.
Turning to the MACD indicator for Marriott International , we notice that both the MACD and signal lines are situate above the middle line. The presence of a green histogram in the MACD indicator suggests a robust momentum in the market, indicating a potential upward trend.
Additionally, the chart volume for Marriott International’s stock has been consistently on the rise, indicating heightened market activity. This volume growth suggests the likelihood of a price increase, as it indicates that buyers are actively purchasing at lower price levels.
Conclusion
The analysis indicates that Marriott International’s stock is moving in an uptrend. The price has shown a return of almost 7% in six months. The revenue of the company is rising along with the profit margin. Thus, the price is likely to rise in the upcoming days.
Technical Levels
- Support Level: $198.
- Resistance Level:- $209.85.
Disclaimer
The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.