Marriott Vacations Worldwide Corp

With a Stage 2 advancing regime and intact higher highs and lows, medium-term bias is bullish despite a longer-term downtrend. The recent pullback into the rising EMAs offers a favorable entry near structural support, while OB conditions have not shown exhaustion. Caution is warranted due to moderate Stage 2→3 transition risk and the prevailing long-term downtrend.

• ↑Upper-upscale niche under Marriott brand drives resilient market position.
• ↑First-time buyer contract sales grew 6% YoY, representing one-third of total sales.
• ↓Adjusted EBITDA down 16% YoY to $161M in Q1 2026.