Is Marriott International ($MAR) at a Buy Level?

After the earnings report, the stock fell sharply but it is currently bouncing back from a gap close and support level. There is also a weekly support level around 200, where the stock might fall during the coming week.

Is it a buy level? Based on technical analysis, it is a good level. Additionally, the RSI indicates the stock is in oversold territory. Fundamentally, we can all agree that the company is quite strong and well-known. Its P/E ratio is 21, which is also reasonable. Dividend yield 1.02% as of today. Can the company fall further? Of course, nobody knows, and there is a fear of a recession in the US, which could trigger a further downside move.

This is not financial advice; however, we are buying at this level and will add more if it drops to 200, and eventually around 178 if it reaches that level anytime soon.

Result:

+6.8% in money as of 27.10.2024

Comments

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