RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MARA
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Volatile ride for Marathon Patent stock price on Wednesday moving between $20.00 and $22.57
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Marathon Patent stock price gained 8.29% on the last trading day (Wednesday, 27th Mar 2024), rising from $20.38 to $22.07. During the last trading day the stock fluctuated 12.85% from a day low at $20.00 to a day high of $22.57. The price has been going up and down for this period, and there has been a 12.03% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 million more shares were traded than the day before. In total, 57 million shares were bought and sold for approximately $1.26 billion.

The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.36% during the next 3 months and, with a 90% probability hold a price between $16.94 and $32.42 at the end of this 3-month period.

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MARA Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 21.06%. Further rise is indicated until a new top pivot has been found. 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. The Marathon Patent stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $23.43. On a fall, the stock will find some support from the short-term average at $21.11. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Marathon Patent stock

Marathon Patent finds support from accumulated volume at $21.58 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 $2.57 between high and low, or 12.85%. For the last week, the stock has had daily average volatility of 8.60%.

Our recommended stop-loss: $21.19 (-3.98%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (MARA) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Marathon Patent Group to open at $21.55, and during the day (based on 14 day Average True Range), to move between $19.47 and $24.67, which gives a possible trading interval of +/-$2.60 (+/-11.78%) up or down from last closing price. If Marathon Patent Group takes out the full calculated possible swing range there will be an estimated 23.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $22.40 (1.50%) than the support at $21.58 (2.22%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

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 Strong Sell to a Hold/Accumulate candidate.

Current score: -0.346 Hold/Accumulate Upgraded

Predicted Opening Price for Marathon Patent Group of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$21.55 ( 2.37%) $22.07

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

Trading levels for MARA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 24.12 9.27 %
R2 23.13 4.83 %
R1 22.53 2.08 %
Current price: 22.07
Support S1 20.56 -6.82 %
S2 19.96 -9.57 %
S3 18.98 -14.02 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 25.90 17.35 %
R2 23.49 6.43 %
R1 22.40 1.50 %
Current price 22.07
Support S1 21.58 -2.22%
S2 18.98 -14.00%
S3 17.78 -19.44%

FAQ

What is the symbol for Marathon Patent Stock and on which exchange is it traded?
The symbol for Marathon Patent is MARA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Marathon Patent Stock?
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 Strong Sell to a Hold/Accumulate candidate.

How to buy Marathon Patent Stock?
Marathon Patent Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Marathon Patent Stock.

What's the current price of Marathon Patent Stock?
As of the end of day on the 2024-03-27, the price of an Marathon Patent (MARA) share was $22.07.

What is the 52-week high and low for Marathon Patent Stock?
The 52-week high for Marathon Patent Stock is $34.09 and the 52-week low is $6.87.

What is the market capitalization of Marathon Patent Stock?
As of the 2024-03-27, the market capitalization of Marathon Patent is 5.76B.

When is the next earnings date for Marathon Patent?
The upcoming earnings date for Marathon Patent is May 08, 2024.
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About Marathon Patent Group

Marathon Patent Marathon Digital Holdings, Inc. operates as a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets in United States. As of December 31, 2021, it had approximately 8,115 bitcoins, which included the 4,794 bitcoins held in the investment fund. The company was formerly known as Marathon Patent Group, Inc. and changed its name to Marathon Digital Holdings, Inc. in F... MARA Profile

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