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Marcus & Millichap features in the latest edition of Connect CRE's Unfiltered: The State of Multifamily, with Hessam Nadji sharing his perspective.
Nadji addresses investor demand, capital markets, housing affordability, and the evolving outlook for multifamily assets. Details are available in the linked edition.
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Marcus & Millichap ($) is trading just below its MA-20 ($30.99), but remains above both the MA-50 ($30.15) and MA-200 ($28.29), indicating short-term rotational pressure amid a medium- and long-term bullish structure. The Ichimoku Kijun is at $31.07, acting as immediate resistance just above the current price, while near-term support is at the MA-50 ($30.15) and key support at the MA-200 ($28.29); resistance is marked by MA-20 ($30.99)/Ichimoku ($31.07) in a cluster and the MA-100 ($28.71) as a longer-term threshold.
Momentum is mixed: MACD (Buy) and RSI (53.50, D1) point to modest upward bias, but ADX is neutral (14.67, D1) showing weak trend strength. Stoch RSI signals strong sell and BBP (0.84, D1) indicates overbought conditions and buyer dominance, while CCI is neutral and the Awesome Oscillator (Buy) supports recent bullish undertones. Marcus & Millichap is trading at $30.88, up from $30.38 a week ago, reflecting a 1.68% gain, with the price currently at the very bottom of the weekly range and weekly volatility standing at 5.08%. The tone is one of a mild rally that has faded back to key support, suggesting consolidation rather than a new trend impulse.
Looking to next week, the expected range is $30.70–$32.35 (anchored within 5% of the current price and referencing typical volatility), with this band lying above the 52-week low ($24.43) and below the 52-week high ($33.62). Based on W1 signals—RSI (Buy), ADX (Buy), MACD (Buy), and MA-50 (Buy)—the probability of an upward move is very high (more than 80%), making a retreat less likely. Baseline scenario calls for sideways movement in the $30.70–$32.35 corridor. A bullish scenario requires a close above $31.07 (Ichimoku) to target the upper band near $32.35. A bearish scenario would see a break below MA-50 ($30.15) opening a revisit to the lower $30 area.
Previously it was reported that Marcus & Millichap exhibited a broadly bullish technical outlook, with consolidation signaling buyers remained in control. This analysis adds a fresh perspective by highlighting the need to monitor current price action near resistance, as a breakout or reversal at these levels could define the prevailing scenario for traders in the weeks ahead.