Marathon Patent stock: buy or sell

MARA stock price: $42.14 -1.93% At close on Apr 15th, 2021

Updated on:
Apr 16th, 2021

1

Marathon Patent stock brief

  • Marathon Patent closed on Thursday at $42.14 after falling a -1.93%.
  • Price is drawing a scaled uptrend since March 2020 with higher tops and higher bottoms. Up to date, price marked a 11,940.00% gain since the beginning of this rally

Should I buy Marathon Patent stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $MARA stock a buy?

Currently, Marathon Patent stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $MARA in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell Marathon Patent stock?

When is it time to sell Marathon Patent stock?. Like when we have to buy shares, determining when is appropiate time to sell is not a capricious decision, and we must adhere our own trading style. When selling, as well as buying, detailed setups are very easy to follow and are only applicable for selling shares you already own, not for shorting $MARA stock

As a golden rule, you should never hold a trading operation that produces higher than expected losses at the time of the buy. The moment to sell shares should always be determined by the stop-loss (automatic or manual)

Is it time to sell Marathon Patent stock?

In the current situation of Marathon Patent there is not any eligible sell setup, so Marathon Patent stock holders with operations in green can keep their positions

Marathon Patent ratings

In the last 30 days, just one brokerage rating was published for Marathon Patent

Marathon Patent analysts' ratings - Last month
Brokerage firmRating
Mar 17th, 2021
HC Wainwright Strong buy

Marathon Patent stock analysis

Since in March 2020, Marathon Patent has been printing an uptrend that so far marked a gorgeous 11,940.00%. During this uptrend, the price offered some entry points on the breakouts. Latest low was in late March, when price bounced at $29.57. Currently, the price trades in a consolidation between its last top ($57.75) and its last bottom ($29.57)

SMAs overview

MARA stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $44.80 (6.31% above)
  • R2: $45.91 (8.95% above)
  • R3: $49.41 (17.25% above)
  • The current supports are:

  • S1: $40.12 (-4.79% below)
  • S2: $29.57 (-29.83% below)
  • S3: $28.37 (-32.68% below)
  • Bollinger bands

    Since the price surpassed the upper band on April 6, the price dropped by 27.03%

    MARA stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last February after just crossing to the overbough zone for just one day (weak signal). The RSI value on Thursday was 48.73. Since then, Marathon Patent stock dropped a 12.03%

    MARA stock RSI chart

    Marathon Patent stock price history

    Marathon Patent IPO was on Jun 1st, 2012 at $52.00 per share1. Since then, MARA stock depreciated by -18.96%. An investment of thousand dollars on Jun 2012 would have a value of $810.38 nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    MARA stock price history chart

    Price target for Marathon Patent stock

    Nobody knows how much a share will be priced in the future. Banks and financial organisations issue their analysis predicting how a stock will performance in the future.

    The following table shows the price forecasts published by brokerage institutions for the last 30 days. If you are a small investor you should not buy or sell based on these predictions.

    There is just one price target issued for Marathon Patent that predicts a price of $50.00.

    Marathon Patent stock price predictions
    Brokerage firmPrice target
    Mar 17th, 2021
    HC Wainwright $30.00$50.00

    Earnings and financials

    Marathon Patent ($MARA) had the financial call and presented the report in mid-March. Marathon Patent missed analysts estimates and posted of $-0.08, that is a -700.00% less than the previous predictions of $-0.01.

    Marathon Patent ($MARA) releases financial report mid next May.

    Marathon Patent performance

    MARA performance compared
    Company1m3m6m
    Marathon Patent ($MARA) 13.90% 62.60% 1,772.90%

    Important note:
    The opinions given in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not have an understanding of the specific circumstances of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are expressed for informational purposes only

    Marathon Patent summary

    Thursday, April 15th, 2021
    Open$43.87
    Close$42.14
    Day range$38.55 - $44.98
    Previous close$42.97
    Session gain-1.93%
    Average true range$7.36
    50d mov avg$39.00
    100d mov avg$25.75
    200d mov avg$13.92
    Earnings dateMay 13th, 2021

    Frequently asked questions

    What is Marathon Patent stock symbol?

    Marathon Patent Group, Inc. is a public company trading in the US stock market with the MARA symbol

    Is Marathon Patent stock a buy or sell?

    Marathon Patent had one rating in the last 4 weeks Read the article to get additional tips on trading MARA stock.

    Will MARA go up?

    Marathon Patent had different price forecasts issued by market analysts in the last month setting the target price to $50.00. That is a 18.65% than the current price ($42.14).