Fri 23'rd Feb 2018
Marathon Patent Group Stock Analysis
Technical stock analysis for Fri 23'rd Feb 2018
|Shorts||0.90% ( 2018-01-31 )|
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 -47.02% during the next 3 months and, with 90% probability hold a price between $0.30 and $2.03 at the end of this period.
There are few to none technical positive signals at the moment. 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 $2.58 and $3.14. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday February 15, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSI14 is 39 and the stock is currently not being overbought or oversold
Support & Resistance
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. On the upside the stock meets some resistance from accumulated volume at $2.65, $2.80 and $2.90.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.13 between high and low, or 5.53%. For the last week the stock has had a daily average volatility of 8.14%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
Trade MARA CFDs with Plus500
Your capital is at risk.
Important: Plus500 doesn't offer signals and it is a CFD service.
Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
Access these features
Auto portfolios gaining up to 30%
Top 5 Candidates in all Lists
Ultimate List Builder