Marten Transport Stock Technical Analysis

MRTN Stock  USD 16.24  0.32  1.93%   
As of the 23rd of April, Marten Transport secures the Mean Deviation of 1.24, standard deviation of 1.69, and Risk Adjusted Performance of (0.07). In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Marten Transport, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate and analyze data for thirteen technical drivers for Marten Transport, which can be compared to its peers in the industry. Please verify Marten Transport market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Marten Transport is priced some-what accurately, providing market reflects its recent price of 16.24 per share. Given that Marten Transport has information ratio of (0.18), we recommend you to check Marten Transport's last-minute market performance to make sure the company can sustain itself at a future point.

Marten Transport Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Marten, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Marten
  
Marten Transport's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Marten Transport Analyst Consensus

Target PriceAdvice# of Analysts
24.0Strong Buy2Odds
Marten Transport current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Marten analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Marten stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Marten Transport, talking to its executives and customers, or listening to Marten conference calls.
Marten Analyst Advice Details
Marten Transport technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Marten Transport technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Marten Transport trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Marten Transport Technical Analysis

Indicator
Time Period
Execute Indicator
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Marten Transport volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Marten Transport Trend Analysis

Use this graph to draw trend lines for Marten Transport. You can use it to identify possible trend reversals for Marten Transport as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Marten Transport price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Marten Transport Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Marten Transport applied against its price change over selected period. The best fit line has a slop of   0.04  , which may suggest that Marten Transport market price will keep on failing further. It has 122 observation points and a regression sum of squares at 76.49, which is the sum of squared deviations for the predicted Marten Transport price change compared to its average price change.

About Marten Transport Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Marten Transport on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Marten Transport based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Marten Transport price pattern first instead of the macroeconomic environment surrounding Marten Transport. By analyzing Marten Transport's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Marten Transport's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Marten Transport specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 (projected)
Dividend Yield0.03850.01210.0114
Price To Sales Ratio1.461.281.51

Marten Transport April 23, 2024 Technical Indicators

Most technical analysis of Marten help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Marten from various momentum indicators to cycle indicators. When you analyze Marten charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Marten Transport April 23, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Marten stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Marten Transport offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Marten Transport's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Marten Transport Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Marten Transport Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marten Transport. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
To learn how to invest in Marten Stock, please use our How to Invest in Marten Transport guide.
You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for Marten Stock analysis

When running Marten Transport's price analysis, check to measure Marten Transport's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Marten Transport is operating at the current time. Most of Marten Transport's value examination focuses on studying past and present price action to predict the probability of Marten Transport's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Marten Transport's price. Additionally, you may evaluate how the addition of Marten Transport to your portfolios can decrease your overall portfolio volatility.
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
Is Marten Transport's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Marten Transport. If investors know Marten will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Marten Transport listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.57)
Dividend Share
0.24
Earnings Share
0.86
Revenue Per Share
13.321
Quarterly Revenue Growth
(0.16)
The market value of Marten Transport is measured differently than its book value, which is the value of Marten that is recorded on the company's balance sheet. Investors also form their own opinion of Marten Transport's value that differs from its market value or its book value, called intrinsic value, which is Marten Transport's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Marten Transport's market value can be influenced by many factors that don't directly affect Marten Transport's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Marten Transport's value and its price as these two are different measures arrived at by different means. Investors typically determine if Marten Transport is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Marten Transport's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.