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AI Analysis of MARA
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Stock Analysis
Risk Assessment
Trading Strategy

High volatility in Marathon Patent stock price on Friday which ended trading at $16.11
(Updated on Apr 12, 2024)

Sell candidate since Apr 05, 2024 Loss -12.59% PDF

The Marathon Patent stock price fell by -8.47% on the last day (Friday, 12th Apr 2024) from $17.60 to $16.11. During the last trading day the stock fluctuated 10.57% from a day low at $15.80 to a day high of $17.47. The price has fallen in 8 of the last 10 days and is down by -28.65% for this period. Volume has increased on the last day by 8 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 39 million shares were bought and sold for approximately $625.10 million.

Given the current short-term trend, the stock is expected to rise 3.71% during the next 3 months and, with a 90% probability hold a price between $16.71 and $32.77 at the end of this 3-month period.

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MARA Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Marathon Patent stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $17.70 and $21.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 28, 2024, and so far it has fallen -48.08%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Marathon Patent stock

Marathon Patent finds support from accumulated volume at $16.07 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.67 between high and low, or 10.57%. For the last week, the stock has had daily average volatility of 7.61%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MARA) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect Marathon Patent Group to open at $16.46, and during the day (based on 14 day Average True Range), to move between $14.16 and $18.06, which gives a possible trading interval of +/-$1.95 (+/-12.13%) up or down from last closing price. If Marathon Patent Group takes out the full calculated possible swing range there will be an estimated 24.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $16.13 (0.12%) than the support at $16.07 (0.25%), 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?

The Marathon Patent stock holds several negative signals and despite the positive trend, we believe Marathon Patent will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.217 Sell Candidate Unchanged

Predicted Opening Price for Marathon Patent Group of Monday, April 15, 2024

Fair opening price April 15, 2024 Current price
$16.46 ( 2.17%) $16.11

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 18.13 12.54 %
R2 17.49 8.58 %
R1 17.10 6.13 %
Current price: 16.11
Support S1 15.82 -1.79 %
S2 15.43 -4.23 %
S3 14.79 -8.19 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 19.32 19.93 %
R2 17.78 10.37 %
R1 16.13 0.124 %
Current price 16.11
Support S1 16.07 -0.248%
S2 15.65 -2.86%
S3 0 .


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?
The Marathon Patent stock holds several negative signals and despite the positive trend, we believe Marathon Patent will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

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 2024-04-12, the price of an Marathon Patent (MARA) share was $16.11.

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 $7.16.

What is the market capitalization of Marathon Patent Stock?
As of the 2024-04-12, the market capitalization of Marathon Patent is 4.553B.

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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