NYSEARCA:MARO - NYSE Arca - US88636R6027 - ETF - Currency: USD
We assign a technical rating of 2 out of 10 to MARO. MARO performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
Although the technical rating is bad, MARO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
21.51
When analyzing the resistance we notice 3 important areas.
21.73
+0.3 (+1.4%)