MARA - Marathon Patent Group

Industry: Business Services Sector: Services Exchange: NASDAQ

MARA - Marathon Patent Group

Industry: Business Services Sector: Services Exchange: NASDAQ
#4087()/7615

Tue 18'th Sep 2018

PERIOD 2018-06-19 - 2018-09-18
CHANGE 3.61%
PRICE $0.86
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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Marathon Patent Group Stock Analysis

Technical stock analysis for Tue 18'th Sep 2018

Sell candidate since 2018-09-05 Loss -5.49%
Shorts 3.86% ( 2018-08-31 )
Cash n/a
Loans n/a
Beta 1.87
ROA -261.56

Marathon Patent Group gained 3.61% in the last trading day, rising from $0.83 to $0.86 The price has fallen in 7 of the last 10 days and is down by -14% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 440 184 more shares were traded than the day before. In total, 724 962 shares bought and sold for approximately $623 467.00.

Trend

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 -12.90% during the next 3 months and, with 90% probability hold a price between $0.61 and $1.13 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Monday September 17, 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 a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $0.92. On a fall, the stock will find some support from the short-term average at $0.85. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

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A buy signal from a double bottom formation was found on Monday September 17, 2018 with a target of $0.86. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 34 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Marathon Patent Group finds support from accumulated volume at $0.85.

Support: $0.85 Price: $0.86 Resistance: $0.97

Risk

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 $0.06 between high and low, or 6.82%. For the last week, the stock has had a daily average volatility of 4.58%.

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

Overall risk:

Very Low Low Medium High Very High

MARA $0.86 $0.03(3.61%)
MARA is up $0.03 today, but where's it headed in October?
Zacks Investment Research is releasing its prediction for MARA based on the 1-3 month system that more than doubles the S&P 500.

Click here – the MARA analysis is free »
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