Marathon Patent stock: buy or sell

MARA stock price: $18.60 2.09% At close on Jan 26th, 2021

Updated on:
Jan 27th, 2021

1

Marathon Patent stock brief

  • Marathon Patent stock grew 2.09% to close at $18.60 on the stock market on Tuesday.
  • Price is drawing a scaled uptrend since March 2020 with higher tops and higher bottoms. This rally marked a 5,214.29% gain
  • Marathon Patent Group, Inc. operates as a digital asset technology company that mines cryptocurrencies.

Should I buy Marathon Patent stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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?

In the current situation of Marathon Patent there is not any eligible buy setup. This doesn't mean $MARA will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Marathon Patent stock?

When you are a novel trader and you own a stock with some profit, it's really hard to decide the correct moment to sell and get your benefits. Similarly to when we have to buy shares, choosing when is appropiate time to sell is not a whimsy decision, and we must adhere our own trading style. When selling, as well as buying, detailed setups are very easy to use and are only applicable for selling stocks you already own, not for shorting $MARA stock

As a golden rule, you should never mantain an investment that leads to higher than expected losses upon the buy. When to sell shares always has to 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 profit 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 30 days
Brokerage firmRating
Jan 5th, 2021
HC Wainwright Strong buy

Marathon Patent stock analysis

Since in March 2020, Marathon Patent has been printing an uptrend that by now marked an amazing 5,214.29%. The price shows higher peaks and higher lows, and along the way gave some buy points for those who wanted to enter. Latest pullback was last November, when price bounced at $2.06. Currently, it trades in a consolidation between its last top ($28.37) and its last bottom ($2.06)

SMAs overview

MARA stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $20.24 (8.82% above)
  • R2: $28.37 (52.53% above)
  • R3: $40.12 (115.70% above)
  • The current support levels are:

  • S1: $14.28 (-23.23% below)
  • S2: $12.00 (-35.48% below)
  • S3: $9.28 (-50.11% below)
  • Bollinger bands

    Since the price surpassed the upper band on January 12, the price dropped by 30.91%

    MARA stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 on January 15 after just crossing to the overbough zone for just one day (weak signal). The RSI value on Tuesday was 55.04. Marathon Patent price dropped a 23.90% since RSI lost the overbought zone

    MARA stock RSI chart

    Marathon Patent stock price history

    Marathon Patent went public on Jun 1st, 2012 at $52.00 per share1. Since then, MARA stock declined by -64.23%. An investment of $1,000USD on the IPO would be valued $357.69 today.

    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. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, financial institutions post their price estimates based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new financial data by the company, and many times. If you are a small investor you must not trade based on these price targets.

    There is just one price target issued for Marathon Patent that forecasts a price of $17.00.

    Marathon Patent stock price predictions
    Brokerage firmPrice target
    Jan 5th, 2021
    HC Wainwright $17.00

    Earnings and financials

    Shareholders event was hosted by Marathon Patent ($MARA) last November after presenting the earnings report.

    Marathon Patent ($MARA) will host the earnings call next March.

    Marathon Patent performance

    MARA performance compared
    Company1m3m6m
    Marathon Patent ($MARA) 59.40% 539.20% 1,123.70%

    Disclaimer:
    The thoughts written in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not have any knowledge of the specific conditions of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are expressed for informational reasons only

    Marathon Patent summary

    Tuesday, January 26th, 2021
    Open$17.5
    Close$18.6
    Day range$17.01 - $19.59
    Previous close$18.22
    Session gain2.09%
    Average true range$4.86
    50d mov avg$10.84
    100d mov avg$6.46
    200d mov avg$3.91
    Earnings dateMarch 22nd, 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 30 days Read the article to get additional tips on trading MARA stock.

    Will MARA go up?

    Marathon Patent had different price forecasts published by market analysts in the last 4 weeks setting the target price to $17.00. That is a 8.60% than the last price ($18.60).