Londinia Opportunities Analyses - 07/26/2024 (GMT) MARTEN TRANSPORT - 1H

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	MRTN
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 18.27 USD

My targets

18.60 USD (+1.09%)

19.37 USD (+5.27%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MARTEN TRANSPORT as long as the price remains well above 18.27 USD. The buyers' bullish objective is set at 18.60 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 19.37 USD. If there is any crossing, the next objective would be the resistance located at 20.03 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

Analysis too old. There are no more charts available.

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

The MARTEN TRANSPORT price is 18.40 USD. On the day, this instrument gained +0.99% with the lowest point at 18.23 USD and the highest point at 18.51 USD. The deviation from the price is +0.93% for the low point and -0.59% for the high point.

18.23

18.51

18.40

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by MARTEN TRANSPORT:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of MARTEN TRANSPORT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	17.63	18.06	18.27	18.40	18.60	19.37	20.03
Change (%)	-4.18%	-1.85%	-0.71%	-	+1.09%	+5.27%	+8.86%
Change	-0.77	-0.34	-0.13	-	+0.20	+0.97	+1.63
Level	Minor	Major	Minor	-	Intermediate	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.62	17.06	17.64	18.08	18.66	19.10	19.68
Camarilla	17.94	18.03	18.13	18.22	18.31	18.41	18.50
Woodie	16.69	17.10	17.71	18.12	18.73	19.14	19.75
Fibonacci	17.06	17.45	17.69	18.08	18.47	18.71	19.10

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.41	16.11	17.11	17.81	18.81	19.51	20.51
Camarilla	17.64	17.80	17.95	18.11	18.27	18.42	18.58
Woodie	15.56	16.19	17.26	17.89	18.96	19.59	20.66
Fibonacci	16.11	16.76	17.16	17.81	18.46	18.86	19.51

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.88	16.46	17.45	18.03	19.02	19.60	20.59
Camarilla	18.02	18.16	18.31	18.45	18.59	18.74	18.88
Woodie	16.10	16.56	17.67	18.13	19.24	19.70	20.81
Fibonacci	16.46	17.06	17.43	18.03	18.63	19.00	19.60

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	60.98
MACD (12,26,9):	0.1500
Directional Movement:	8.84
AROON (14):	35.72
DEMA (21):	18.26
Parabolic SAR (0,02-0,02-0,2):	17.62
Elder Ray (13):	0.16
Super Trend (3,10):	17.70
Zig ZAG (10):	18.40
VORTEX (21):	1.0800
Stochastique (14,3,5):	85.43
TEMA (21):	18.39
Williams %R (14):	-9.45
Chande Momentum Oscillator (20):	0.61
Repulse (5,40,3):	0.8200
ROCnROLL:	1
TRIX (15,9):	0.0700
Courbe Coppock:	6.35

MA7:	17.92
MA20:	17.82
MA50:	17.77
MA100:	17.71
MAexp7:	18.30
MAexp20:	18.09
MAexp50:	17.95
MAexp100:	17.87
Price / MA7:	+2.68%
Price / MA20:	+3.25%
Price / MA50:	+3.55%
Price / MA100:	+3.90%
Price / MAexp7:	+0.55%
Price / MAexp20:	+1.71%
Price / MAexp50:	+2.51%
Price / MAexp100:	+2.97%

Quotes : - 15 min delayed data - Actions NASDAQ

News

The latest news and videos published on MARTEN TRANSPORT at the time of the analysis were as follows: