MARATHON DIGITAL HOLDINGS IN (MARA)

US5657881067 - Common Stock

17.52  +0.45 (+2.64%)

After market: 18.37 +0.85 (+4.85%)

Technical Rating and Analysis

2

Taking everything into account, MARA scores 2 out of 10 in our technical rating. Although MARA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

MARA is part of the Software industry. There are 277 other stocks in this industry. MARA outperforms 80% of them.
MARA has an average volume of 59188000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the yearly performance of all stocks, we notice that MARA is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
MARA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MARA is lagging the market slightly.
In the last month MARA has a been trading in the 14.18 - 20.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
MARA Weekly chart
MARA Daily chart
Setup Rating and Analysis

6

Although the technical rating is bad, MARA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 19.35. Right above this resistance zone may be a good entry point.

Support and Resistance Analysis

10.63

31.38

6 important support areas can be observed.

  • A support zone ranging from 17.08 to 17.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @16.50 from a trend line in the daily time frame.
  • A support zone ranging from 16.06 to 16.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @15.33 from a trend line in the daily time frame.
  • Support @14.65 from a horizontal line in the daily time frame.
  • Support @10.74 from a trend line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 19.35 to 19.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @31.07 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.14
Mansfield0.52
10 Day High20.04
10 Day Low15.54
20 Day High20.04
20 Day Low14.18
52 Week High34.09
52 Week Low7.16
Performance
1 Week-9.83%
2 Weeks6.18%
1 Month-4.94%
3 Month-3.74%
6 Month86.18%
12 Month67.02%
2 Year71.26%
3 Year-29.27%
5 Year541.76%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.16
RSI(14)47.32
LBB13.81
UBB20.48
MARA Daily chart

MARATHON DIGITAL HOLDINGS IN

NASDAQ:MARA (5/3/2024, 7:04:46 PM)

After market: 18.37 +0.85 (+4.85%)

17.52

+0.45 (+2.64%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg2.64%
1 Week-9.83%
2 Weeks6.18%
1 Month-4.94%
3 Month-3.74%
6 Month86.18%
12 Month67.02%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.54
ATR(20)%8.4%
ATR Inc
Range Today1.08
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High20.04
10 Day Low15.54
20 Day High20.04
20 Day Low14.18
52 Week High34.09
52 Week Low7.16
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume38.63M
Volume Incr-4.99%
Vol(5)39.05M
Vol(50)59.19M