Marathon Patent Stock Forecast

Stronger technical forecast for Marathon Patent stock price after Friday trading.
(Updated on Apr 26, 2024)

MARA Signals & Forecast

The Marathon Patent stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $18.01 and $19.04. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, February 28, 2024, and so far it has fallen -37.38%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Marathon Patent stock

Marathon Patent finds support from accumulated volume at $19.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.19 between high and low, or 6.39%. For the last week, the stock has had daily average volatility of 10.28%.

Our recommended stop-loss: $18.30 (-5.84%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 41 days ago.)

Trading Expectations (MARA) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Marathon Patent Group to open at $19.29, and during the day (based on 14 day Average True Range), to move between $17.68 and $21.18, which gives a possible trading interval of +/-$1.75 (+/-8.99%) up or down from last closing price. If Marathon Patent Group takes out the full calculated possible swing range there will be an estimated 17.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $19.32 (0.57%) than the resistance at $21.58 (11.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Marathon Patent Group stock A Buy?

Marathon Patent holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.425 Hold/Accumulate Upgraded

Predicted Opening Price for Marathon Patent Group of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.