14-day Premium Trial Subscription Sign Up For FreeGet Free

High volatility in Marin Software Incorporated stock price on Thursday which ended trading at $15.08

StockInvest.us, 4 months ago

Marin Software Incorporated

The Marin Software Incorporated stock price gained 40.54% on the last trading day (Thursday, 1st Jul 2021), rising from $10.73 to $15.08. During the day the stock fluctuated 73.18% from a day low at $11.52 to a day high of $19.95. The price has risen in 8 of the last 10 days and is up by 842.5% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 103 million more shares were traded than the day before. In total, 159 million shares were bought and sold for approximately $2.40 billion.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $17.43 will firstly indicate a stronger rate of rising.Given the current short-term trend, the stock is expected to rise 31.43% during the next 3 months and, with a 90% probability hold a price between $2.77 and $22.91 at the end of this 3-month period.

Marin Software Incorporated

The Marin Software Incorporated stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $8.52 and $2.97. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 months 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 Tuesday, June 29, 2021, and so far it has fallen -12.83%. Further fall is indicated until a new bottom pivot has been found.

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $8.43 between high and low, or 73.18%. For the last week, the stock has had a daily average volatility of 67.41%.

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Marin Software Incorporated stock to perform well in the short-term.

Check full Marin Software Incorporated forecast and analysis here.