Marathon Patent Group Stock Analysis
Technical stock analysis for Wed 12'th Dec 2018
Marathon Patent Group gained 5.07% in the last trading day, rising from $0.50 to $0.52 The price has fallen in 8 of the last 10 days and is down by -12.85% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 298 977 more shares were traded than the day before. In total, 504 719 shares bought and sold for approximately $262 504.00.
Marathon Patent Group lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.38% during the next 3 months and, with 90% probability hold a price between $0.35 and $0.62 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday December 11, 2018, which indicates further gains until a new top pivot has been found. Marathon Patent Group has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Marathon Patent Group holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $0.54 and $0.64. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 34 and the stock is currently not being overbought or oversold
Support & Resistance
Marathon Patent Group finds support from accumulated volume at $0.50.
This stock may move much during a 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 $0.04 between high and low, or 8.00%. For the last week, the stock has had a daily average volatility of 8.73%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Marathon Patent Group holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
|MARA $0.52 $0.03(5.07%)|
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